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See how verdicts work2-bedroom flat · TQ14 8FX
For saleListed 228 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold Opportunity to purchase a purpose built two bedroom, two bathroom apartment in a highly regarded development renowned for its modern styling, situated with easy access to Teignmouth town centre, seafront, river beach, and a short walk from Teignmouth’s mainline railway station.
The apartment is offered in immaculate condition internally and externally with high quality fixtures and finish with accommodation briefly comprising; an open plan reception/kitchen dining room opening onto a generous private canopied terrace, two double bedrooms, en-suite shower room to bedroom one and additional fully fitted bathroom, secure underground parking, communal gym and drying area.
Having been run as a successful holiday let. Composite entrance door with inset smoked double glazed panel into the... Entrance hallway Tiled flooring. Door opening to the...
Inner hallway Continuation of the tiled flooring, with under floor heating extending throughout the apartment with individual independent room thermostatic control panels.
Recessed spotlighting, wall hung video entry control panel. Door to useful cloaks/store cupboard. Door leading to a...
Stunning and free flowing reception/kitchen From the reception area there are anthracite bi-folding double glazed doors giving access and overlooking a private and enclosed terrace.
Terrace Seamlessly connecting from the main living space, with glazed panelled balustrading.
Spacious and appealing, canopied in part with courtesy external lighting and enjoying delightful views into and across the Teign estuary to Shaldon, Ringmore and rolling hills beyond, and towards the Ness headland and out to sea.
Tiled flooring.
Modern fitted kitchen With a comprehensive range of cupboard and drawer base unit under Corian work surfaces with corresponding splash backs, wine cooler, integrated dishwasher, integrated washer dryer, sunken sink unit with mixer tap over, induction hob with glazed splash back and illuminated extractor hood, integrated fridge and freezer, brushed chrome electric oven and combination microwave, larder style unit housing the hot water cylinder, cupboard housing a wall hung Daikin boiler/heat exchange system.
Double glazed window enjoying similar views to the reception space. From the hallway, doors to...
Bedroom one Double glazed window overlooking the front aspect with external electric shutters, recessed spotlighting. Sliding pocket door to the...
En-suite shower room Tiled shower enclosure with rain shower and additional hand held attachment, glazed screen/door, glazed shelving, wash hand basin set above high gloss vanity unit, tiled splash backs, illuminated mirror, floating WC with concealed plumbing, recessed tiled display shelving with feature lighting.
Bedroom two Double glazed window to front aspect with external electric shutters, recessed spotlighting.
Luxury bathroom P-shaped shower bath, fitted dual function shower, glazed shower screen, tiled to the bath/shower enclosure, floating WC with concealed plumbing, tiled recesses, feature lighting, recessed spotlighting, fitted extractor, tiled flooring, floating vanity unit with wash hand basin over, tiled splash back, illuminated mirror.
Outside The secure development has both gated vehicular and pedestrian access with video controlled entry system.
The vehicular access is through electric gates with remote control or keypad which leads to an underground basement parking area.
Pedestrian access to the ground floor covered walkways lead to apartment 3 and continue to a communal gym, communal drying area, lift and stairwell descending to the basement parking where there is an allocated numbered parking space and electric vehicle charging point, post box, air source heating unit, meter room, communal bin storage and private lock up allocated to the apartment.
EPC Rating: B
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
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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.
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FAQ
About Flat 3, Grand Banks Clay Lane, Teignmouth
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