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 9TB
Listing removedReduced £15k (−3.5%) on 20 JunListed 569 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located right on the water's edge, this beautifully presented two bedroom apartmen T is being offered for sale with no onward chain The property offers some of the best sea and harbour views in Brixham, along with the added benefit of an allocated parking space and lift access.
Internally, there are two spacious double bedrooms, both currently laid out as twin rooms with built in wardrobes, the principal room having a modern en-suite.
The real feature of the apartment is the open plan lounge / dining room, this makes the most of the view with two Juliet balconies, and flows through to the fitted kitchen with integrated appliances and access to the composite decked balcony, perfect for al-fresco dining and soaking up the stunning views.
A contemporary style shower room completes the internal accommodation.
Moorings Reach itself is a very well maintained development located in the heart of Brixham, within easy walking distance of the town centre. Communal Entrance Telecom entrance door.
Lift access and stairwell. Leading to: Entrance Hall Timber entrance door. Large twin built in store cupboards. Radiator.
Lounge/ Diner (17' 2'' x 17' 0'' (5.23m x 5.18m) Reducing to: 14'3'') Open sea view towards Breakwater and across the bay.
Tilt and turn double glazed double doors with additional tilt and turn door to side, each with Juliette balconies. Radiator. Furniture to stay.
Kitchen (9' 9'' x 9' 6'' (2.97m x 2.89m)) Range of cream wall and base units with granite effect worktops and inset 1 1/2 sink with drainer.
Fitted double oven and four ring electric hob with overhead hood. Washing machine, integrated tumble dryer and integrated fridge/ freezer. White good included in sale. Wall mounted gas fired boiler.
UPVC framed double glazed doors to balcony. Bedroom 1 (10' 2'' x 8' 8'' (3.10m x 2.64m) Plus door recess:) Double room with triple width built in wardrobes and mirrored fronts. Radiator.
Currently laid out as twin room. Beds to be included in sale. En-Suite (5' 7'' x 5' 5'' (1.70m x 1.65m)) Corner shower enclosure with modern shower panelling. W.C in concealed cistern.
Basin on modern vanity unit. Bedroom 2 (9' 8'' x 9' 1'' (2.94m x 2.77m)) Built in wardrobe. Radiator. Currently laid out as twin room. Beds to be included in sale.
Bathroom (6' 6'' x 5' 6'' (1.98m x 1.68m)) Walk in shower in modern composite wood effect shower panelling. Basin on vanity with integrated W.C. Granite effect worktops and splashbacks.
LED mirrored vanity unit above basin. Heated towel rail. Outside Balcony Composite decking. Glorious open sea views across bay.
Allocated Parking There is an allocated car parking space in the forecourt. Forecourt has fenced recycling and refuse storage area. General Notes: Original 999 year lease from 1997.
Annual maintenance charge of circa £3,109.25. Pets and long term letting are allowed. Holiday letting is not permitted. Management company - Larchfield.
Council Tax Band: E Energy Performance: C Agents Notes: The property is connected to mains services and drainage. The Ofcom website indicates that broadband is available.
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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
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FAQ
About 7, Moorings Reach, Brixham
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