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 work3-bedroom flat · TQ12 1HA
Listing removedListed 621 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Charming 3-bedroom split-level apartment in a prime location. Features include a spacious living area, well-equipped kitchen, and a private roof terrace garden.
Close to amenities and excellent transport links. Description On the periphery of Newton Abbot town centre with rooftop views is this 2/3 bedroom converted apartment.
The property is in need of some modernisation and features a large lounge, spacious kitchen, two double bedrooms, a shower room and office or third bedroom.
In addition to this opposite the front of the property is a single garage with a private rooftop garden.
The property has a long lease with an annual ground rent of £10 with no other maintenance charges. This property would make a fantastic investment or first time buy.
The property is double glazed with gas central heating and is offered to the market with no onward chain.
Material Information Broadband - Standard, Superfast, Ultrafast Mobile - O2 Council Tax Band - B Teignbridge Council EPC - D Mining - Metalliferous Mine Search Required Flood Risk - Very Low Leasehold - 999 years from 16/11/1988 Mains services - Electric, Gas, Water, Drainage Agents Note: Please note there is an absent freeholder for this property.
Please check any implications this may have with your lender and solicitor.
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
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FAQ
About 5A,, Powderham Terrace, Devon
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