2-bedroom flat · EX8 1XA
For saleListed 73 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered with no onward chain, this two-bedroom upper floor apartment enjoys stunning marina views.
Featuring a spacious lounge/diner opening to a modern fitted kitchen with integrated appliances and a private balcony, plus a principal bedroom with built-in wardrobes, second bedroom and bathroom.
Full Description Offered for sale with no onward chain, this well-presented two-bedroom upper floor apartment enjoys an enviable position overlooking Exmouth Marina.
The property is accessed via a communal entrance with stairs rising to the apartment.
The heart of the home is the impressive open-plan lounge/dining room, a bright and spacious living area designed to make the most of the stunning outlook.
An opening leads through to the contemporary fitted kitchen, which is well-equipped with a range of modern units, integrated appliances and ample worktop space.
From the lounge, a door opens onto the private balcony, where you can relax and enjoy uninterrupted views across the marina.
The apartment offers two well-proportioned bedrooms, including a generous principal bedroom benefiting from built-in wardrobes, alongside a versatile second bedroom.
Completing the accommodation is a well-appointed bathroom fitted with a modern suite.
Material Information What3words:///alleyway.taxed.flooding Tenure: Leasehold Length of Lease: 103 years left Ground Rent: £463 per annum Service Charge: £3050 per annum Local Authority: East Devon District Council Council Tax Band: D Rights and Restrictions: Tbc Mains: Gas, Electric, Water and Drainage Heating: Gas Central Heating Parking: Communal parking with allocated space
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About 12 Pilot Wharf,, Pierhead, Devon
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