2-bedroom flat · EX6 8TZ
Sold STCListed 205 days
Opportunity summary
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About
APPROACH Covered entrance walkway leading to front door for Apartment 5. Outside light. ENTRANCE HALLWAY Spacious T shape hallway with high coved ceiling. Two radiators. Range of storage cupboards.
Entry phone. Double doors to built-in cupboard complete with shelving. Doors to living/dining room, bedrooms and bathroom.
LIVING/DINING ROOM 19' 3" x 11' 1" (5.87m x 3.38m) (max) Bright and spacious double aspect room with tall arch top sash window to front aspect with outllook over the communal gardens and further arch top window to rear.
High coved ceiling and picture rail. Two radiators. Feature fireplace with ornate mantle and marble effect inset and hearth (space to house an electric fire). TV and telephone points. Arch to kitchen.
KITCHEN 10' 3" x 4' 8" (3.12m x 1.42m) Modern fitted kitchen with range of base, wall and drawer units in a colour combination of white and cream finish.
Roll-edge worktop with tiled surround and inset stainless steel sink. Integral electric double oven and gas hob with extractor hood over.
Further integral appliances feature; fridge, freezer, dishwasher and washer/dryer. Recess spotlights. Wall mounted gas combi boiler.
Large arched sash window to front with lovely outlook over the communal gardens.
BEDROOM 1 12' 0" x 10' 2" (3.66m x 3.1m) (max) Spacious master bedroom with high coved ceiling and tall arch window to the rear. Radiator. TV and telephone points. Door to en-suite.
EN-SUITE 5' 7" x 5' 5" (1.7m x 1.65m) White suite comprising; low level w.c., pedestal hand wash basin with mirror and feature lighting, and glass sliding door to tiled shower enclosure with electric shower.
Quality wood effect flooring. Extractor fan. Radiator. Shaver point.
BEDROOM 2 10' 5" x 8' 0" (3.18m x 2.44m) Further good sized double bedroom with high coved ceiling and tall arch top window to rear aspect. Radiator.
BATHROOM 7' 9" x 4' 0" (2.36m x 1.22m) White suite comprising; low level w.c., pedestal hand wash basin and bath with tiled surround, with mixer tap and large fitted showerhead and further handset.
Quality wood effect flooring. Radiator. Extractor fan. Shaver point.
OUTSIDE COMMUNAL FACILITIES Residents have the use of wonderful communal grounds surrounding the development including large pond with seating areas, fitness room, drying room and bike store.
PARKING Allocated parking space and ample visitors parking located at the front of the development.
AGENTS NOTES: To the best of the Vendors knowledge they have advised the following: Tenure: Leasehold - 999 years from year 2000 with 974 years remaining. Gound Rent: Annual £294.60.
Service Charge: £1050.00 per half year (including building insurance, exterior cleaning of the windows (every 3 months), maintenance of all gardens - including private gardens, cleaning of communal areas, free fitness room, dryer room and bike store, maintenance repair and painting on the exterior of the property).
Council Tax Band : C Council: Teignbridge District Council Parking: One allocted parking space and additional visitors parking Garden: Use of the communal gardens Electricity: Mains Gas: Mains Heating: Gas central heating Water: Mains Sewerage: Mains Broadband: Standard - Highest available download speed is 19 Mbps and the Highest available upload speed is 1 Mbps, plus faster speeds available at additional cost.
Mobile Coverage: Various mobile networks available at this property.
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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