2-bedroom flat · DT7 3DT
For saleListed 15 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An ex local authority two bedroom ground floor flat requiring modernization with sea glimpses and gardens, conveniently situated in a popular residential area a short walk from the town and seafront.
Situated in a popular residential location close to the primary school, local shop, bus route and within walking distance of the town and seafront.
A shared paved pathway with next door lead up a set of steps to the front door. The entrance hall includes a store cupboard housing the hot water cylinder and understairs cupboard for extra storage.
The Lounge an original fireplace that is currently not in use and the bay window looks over the front of the property with sea glimpses and views across the town.
The main bedroom is found opposite and benefits from fitted wardrobes and a similar outlook to the lounge.
The second bedroom also has fitted wardrobes and is located at the rear of the property looking over the rear garden.
The family bathroom is fitted with a white tiled suite including WC, bath with an electric shower attachment and wash hand basin.
The kitchen is fitted with a range of modern white units comprising base cupboards and drawers with matching wall cupboards. Laminate work surfaces with tiled surrounds, inset sink and drainer.
Four ring gas hob with extractor fitted above. Eye level oven. Wall mounted gas combi boiler. A door leads to the rear garden.
Outside The rear garden is enclosed by timber fencing and houses a variety of shrubs. Services All mains services are connected. Gas central-heating.
For up to date broadband and mobile availability please see: Tenure The property is Leasehold and is held on the remainder of a 125 year lease starting in 1986 with a ground rent of £10pa.
Local Authority The property is subject to section 157 of the housing act 1985.
Please note: The property can only be purchased by someone who has been living or working in the area for 3 years or more or if there is a local family connection.
However, other cases may be considered but all inquiries should be directed towards Magna Housing Association.
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
FAQ
About Summerhill Road, Lyme Regis, Dorset, DT7
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