2-bedroom flat · EX10 8UX
For saleReduced £10k (−3.3%) on 30 JunListed 587 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This comfortable ground floor apartment forms part of a sought after development located approximately 1/2 a mile from Sidmouth town centre and a little further to The Esplanade.
The development is set in established grounds which offers a pleasant and peaceful setting.
The property has been maintained to a superb standard during the current owners tenure and is ready for immediate occupation.
The accommodation briefly comprises of a communal entrance foyer with a secure entry system.
A private, internal front door opens onto the entrance hallway that offers two useful storage cupboards and an airing cupboard.
The living room is a lovely, dual aspect, reception space with sliding doors that open onto a southerly facing terrace.
The terrace is an excellent, sheltered space that enjoys a charming outlook across the communal ground and enjoys distant views towards the town.
(the best of which can been seen during the winter months).
The kitchen also enjoys a southerly outlook over the communal grounds and offers a good number of wooden fronted base and eye level units and display cabinet.
There is a selection of integrated appliances to include an electric oven with a four ring hob above, a fridge/freezer and a dishwasher.
Bedroom 1 is a comfortably sized double bedroom with a large fitted storage unit and an easterly facing window.
This bedroom has the benefit of an en suite shower room comprising a partly tiled white suite with a low level wc, wash basin and shower cubicle with a thermostatic shower unit.
Bedroom 2 is a smaller double bedroom with an outlook towards the rear of the development.
The bathroom comprises of a modern white suite with a panelled bath, wash basin with fitted storage below and a low level wc with a concealed cistern, complimented by a stylish, partly tiled surround.
The Laurels is a modestly sized development set in superbly tended grounds adorned with a variety of established plants, shrubs, trees and hedging.
There are a selection of seating areas within the development that are available for all residents to enjoy.
Each property benefits from a single garage and there is plenty of additional parking available for the residents and their guests.
The main entrance to The Laurels adjoins Brewery Lane however, there is a pedestrian access from the development into Elysian Fields which is a more direct route to the town.
An excellent apartment offered with no onward chain. Early inspection recommended.
Viewings By prior appointment with Redferns on services We understand that all mains services are connected with the exception of gas.
Outgoings Council Tax Band D mobile and broadband coverage Broadband is connected to this property, for specific checks, please use this link tenure Leasehold - 999 years from 01.01.2011 (986 years remaining.
Occupants own part of the overall Freehold.
We understand that the current maintenance charge for 2024 is £175pcm which covers the maintenance, repair and re-decoration of building structures, communal area facilities and also buildings insurance agents note Data protection act of 2017.
We are now required to obtain proof of id and proof of residence for any prospective purchaser before formally agreeing a sale.
Photographic identification such as passport or driving licence, proof of residence, utility bill, council tax or official Inland Revenue correspondence. Important notice 1.
Every care is taken in preparing these particulars, but they do not constitute nor constitute any part of an offer or a contract.
They are prepared in good faith, but they are for guidance only and intended to give a fair description of the property. 2.
Statements contained in these particulars are not to be relied on as statements or representations of fact and are made without responsibility on the part of the agents or vendor.
An intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each statement.
The vendor does not make or give and neither the agents or their employees have authority to make or give any representation or warranty in relation to the property or its use. 3.
Any reference to alterations to or use of any part of the property is not a statement that any necessary planning, building regulations or other consent has been obtained.
These must be verified by any intending purchaser. 4. All properties are offered subject to contract and being unsold.
No responsibility can be accepted for any expenses incurred by any intending purchaser in inspecting any property which has been sold, let or withdrawn. 5.
The photographs show only certain parts and aspects of the property at the time they were taken. Any areas, measurements or distances given are approximate only. 6.
Descriptions of a property are inevitably subjective, but we endeavour to make our particulars accurate.
If there are any points of particular importance please contact us before viewing and we will be pleased to check or clarify information.
Redferns is a trading name of Redferns Ottery St Mary Limited Registered in England and Wales 4817078. Registered Office 8 Mill Street, Ottery St Mary, Devon EX11 1AD
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.
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FAQ
About 15, The Laurels, Sidmouth
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