1-bedroom flat · TQ12 3RG
Sold STCReduced £15k (−12%) on 26 SepListed 218 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A purpose built spacious first floor flat situated in the popular area of Kingsteignton, which has allocated parking in a separate car park.
The property benefits from open outlooks over the surrounding area towards Newton Abbot, the moors and over, and is sold with no chain.
The property is very economical to run with programmable electric heaters, offers spacious accommodation and is ideal for first time buyers, or people looking for a second property.
The accommodation briefly comprises entrance hallway, landing, storage cupboards, spacious lounge, kitchen, bedroom and bathroom with outside window. Viewing is recommended.
Tenure: Leasehold Length of Lease: 999 years from 1980 Ground Rent: Peppercorn
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.
Area
Agent & docs
FAQ
About 5, Hollam Way Kingsteignton, NEWTON ABBOT
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