2-bedroom flat · EX8 2AF
For saleReduced £6k (−2.7%) on 31 JulListed 210 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A bright and spacious Grade II listed garden apartment in this wonderful period building on the historic Beacon.
Moments from the beach, overlooking Manor Gardens and within walking distance of the train station.
Flexible living accommodation comprising Open Plan Sitting Room/Kitchen, Large Double Bedroom Overlooking the Patio Area, Occasional Bedroom/Study, Bathroom, Communal Courtyard with Rear Access.
Located at the mouth of the River Exe, Exmouth is surrounded by the charming Devon Countryside yet is only twelve miles by road or rail from the Cathedral city of Exeter with its intercity railway station, airport, connection to the M5 motorway and all major shops and facilities.
The Town of Exmouth enjoys over three miles of golden sands and a huge estuary and East Devon Coastline, including facilities of Woodbury Park Golf and Country Club.
A vast range of other amenities including sailing, boating, water skiing, walking, a modern sports centre, swimming pool and Marina are all available.
Exmouth Town also has a range of shops, a variety of Restaurants, Marks and Spencer Foodhall, Several Primary Schools and Exmouth Community College and many other amenities.
Accommodation comprises (all measurements are approximate): Communal Entrance Steps lead to a large front door which opens into an impressive communal hallway.
Stairs lead down to the apartment which can also be accessed from a newly installed wrought iron staircase at the front of the building.
Door leads to:- Entrance Hall Doors leading to:- Open Plan Sitting/Dining Room/Kitchen 24' 0" x 23' 7" (7.32m x 7.19m) Upvc double glazed door with obscure glazed panel leads from the front into the kitchen area slate effect work top surface with range of cupboards and drawers under, integrated electric oven and hob with extractor over, matching eye level cupboards, space for fridge/freezer, large breakfast bar area with inset stainless steel sink with drainer and taps, space and plumbing for washing machine below, tiles walls and floor.
Large windows with secondary glazing form the bay, two electric heaters.
Occasional Room/Study - 10' 3" x 8' 3" (3.13m x 2.51m) Glazed sliding doors from the Sitting area into another bright room with large glazed internal window overlooking the kitchen area, further glazed window to the stairs.
Bedroom 1 - 15' 0" x 9' 5" (4.57m x 2.87m) Large window overlooking the rear patio, built-in double cupboard, fitted wardrobes along the length of one wall, one housing hot water tank.
Bathroom - 11' 2" x 5' 5" (3.40m x 1.65m) White suite comprising panelled bath with mains fed shower over, low level W.C, wash hand basin set in vanity unit with storage under, tiled floor, heated tower rail, fully tiled floor, obscure Upvc double glazed window.
Outside A very pleasant enclosed communal patio area, the garden apartment benefits from a lockable storage area there is also gated rear access to the property from the rear of the Beacon.
Tenure 1/5 Share Of Freehold, remainder of 999 year lease.
Service Charges approx £1500pa Council Tax Band - B £1826.37 pa What3words: //////odds.only.warm Mortgage Assistance We are pleased to recommend Meredith Morgan Taylor, who would be pleased to help irrelevant of which estate agent you finally buy through.
For a free initial, no obligation chat please contact us on to arrange an appointment. Your home may be repossessed if you do not keep up repayments on your mortgage.
Meredith Morgan Taylor Ltd is an appointed representative of Openwork Limited which is authorised and regulated by the Financial Conduct Authority (fca).
The agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose.
A buyer is advised to obtain verification from their Solicitor or Surveyor. References to the tenure of the property are based on information supplied by the seller.
The agent has not had sight of the title documents. A buyer is advised to obtain verification from their Solicitor.
Items shown in photographs are not included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation.
Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.
Please note that all personal information provided by customers wishing to receive information and/or services from Meadows Estate Agents will be processed by the estate agent, the Meadows Estate Agents for the purpose of providing services associated with the business of an estate agent and for the additional purposes set out in the privacy policy (copies available on request) but specifically excluding mailings or promotions by a third party.
If you do not wish your personal information to be used for any of these purposes, please notify Meadows Estate Agents.
Notice Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items.
All measurements are approximate and photographs provided for guidance only.
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 1, The Beacon, Exmouth
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