3-bedroom flat · EX8 1XU
For saleReduced £15k (−1.9%) on 23 JunListed 379 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Pennys are delighted to offer this purpose built top floor apartment offering approximately 1100 square foot of accommodation with outstanding views over Exmouth marina and Dawlish Warren and coastline beyond.
The accommodation is beautifully presented with large sitting/dining room with access to a good size balcony overlooking the marina, dual aspect stylish kitchen/breakfast room with range of built-in appliances, three double bedrooms (main bedroom with en-suite shower room and fitted wardrobes), gas central and double glazed windows.
The property benefits from a garage with electric door and parking space directly in front of the garage.
The accommodation comprises: Communal entrance with door intercom system, lift and stairs to the fop floor, private entrance door to the apartment giving access to: Reception hall: Attractive wood-effect flooring, access via loft ladder to roof space, good size coats cupboard with shelving, light and electric consumer unit and electric meters.
Sitting/dining room: 7.19m x 4.8m (23'7" x 15'9") A bright and spacious room with feature high ceiling in sitting room area with large double glazed bay window, taking full advantage of the wonderful views over the marina, Dawlish Warren and coastline beyond, with fitted electric blinds, additional double glazed window to side aspect and double glazed door leading out to the sun balcony.
Pebble-effect living flame fire display with TV point over and wall downlighters, recessed ceiling led spotlighting in sitting room area, radiator with shelf over.
Balcony: 3.35m x 1.45m (11'0" x 4'9") Enjoying views over the marina and beyond, with artificial lawn, glass balustrade and outside lighting.
Kitchen/breakfast room: 5.69m x 3.12m (18'8" x 10'3") A most stylish and bright dual aspect kitchen with double glazed windows to front and side elevations.
The kitchen is fitted with a range of quartz working surfaces with matching splashbacks and further coloured splashbacks over, with range of cupboards and drawer units, refuse drawer, integrated dishwasher and washing machine beneath work surfaces and sink unit, matching wall mounted cupboards, integrated fridge and freezer, induction hob with extractor hood over with light, built-in oven with cupboards above and below, radiator, recessed ceiling led spotlighting in kitchen area.
Bedroom 1: 3.66m x 3.35m (12'0" x 11'0") plus doorway recess with double glazed window overlooking the marina to coastline beyond. Radiator, two built-in wardrobes.
En-suite shower room/WC: Stylishly refitted comprising of an easy access oversized shower tray with shower splash screen, splash back walls, handrail, rainfall shower head hose and detachable shower head hose, wash hand basin set in matching display surface with cupboards and WC beneath with push button flush, chrome heated towel rail, fully tiled walls, ceiling led spotlighting, extractor fan, mirror fronted medicine cabinet.
Bedroom 2: 3.76m x 3.1m (12'4" x 10'2") Built-in wardrobe, double glazed window to front aspect enjoying a pleasant open outlook, radiator.
Bedroom 3: 3.1m x 2.84m (10'2" x 9'4") Double glazed window to front aspect, radiator, built-in floor to ceiling wardrobe with double sliding doors, matching range of base cupboards, base unit, wall mounted cupboards.
Bathroom/WC: 2.41m x 1.96m (7'11" x 6'5") A modern suite comprising bath with Mira shower unit over, shower curtain and rail, wash hand basin set into display surface with cupboards and WC with push button flush beneath, chrome heated towel rail, extensively tiled walls, recessed ceiling spotlighting, mirror fronted medicine cabinet, automatically operated extractor fan.
Outside: The property benefits from a garage: 5.79m x 2.92m (19'0" x 9'7") With electric door, power and light connected with parking directly in front of the property.
Tenure: The property is Leasehold with a remainder of 125 year lease from 1999. Service Charge: To be confirmed.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 10 Ropewalk House, Shelly Road, Exmouth
Explore nearby