Modern Method of Auction
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We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · TQ5 9TE
For saleReduced £5k (−3.3%) on 15 SepListed 143 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Introducing this modern 2-Bedroom apartment benefitting from open-plan and its prime central location!
Situated in the heart of Brixham, this stylish 2-bedroom apartment offers the perfect combination of modern living and convenience.
Just moments from the town centre, with easy access to Brixham's harbour, shops, cafes, and local amenities, this property is ideal for first-time buyers, investors, or those looking for a low-maintenance seaside retreat.
Key Features: Two well-proportioned bedrooms: Both bedrooms are generously sized, offering ample space for double beds and storage.
They are bright and airy, with large windows letting in natural light. Modern bathroom: A contemporary bathroom with a sleek finish, including a bathtub with overhead shower, WC, and washbasin.
Open-Plan Reception-Kitchen: A spacious, open-plan living area that combines the lounge and kitchen into one inviting space.
The kitchen is fully fitted with modern appliances and offers plenty of storage and worktop space, making it perfect for cooking and entertaining.
The living area provides a comfortable space to relax and unwind.
Central Location: Located just a short walk from Brixham's bustling town centre, with its range of local shops, eateries, and the picturesque harbour.
Ideal for those who want everything on their doorstep. This well-presented flat offers a great opportunity to own a property in one of Brixham's most sought-after locations.
Whether you're looking for a permanent residence, a holiday home, or an investment property, don’t miss out-contact us today to arrange a viewing!
Auctioneer Comments This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited.
This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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
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FAQ
About 1 The Penthouse Flats,, St. Peters Hill, Devon
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