2-bedroom flat · TQ6 9JR
Sold STCListed 225 daysAuction 19 Mar · ended
Opportunity summary
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About
BY AUCTION: Unless Sold Previously A ground floor apartment in a residential area on the outskirts of the town close to schools, the leisure centre, supermarkets, the medical centre and a bus route.
The apartment has 2 bedrooms a garden and a garage in a separate block nearby, and requires complete renovation throughout. A new 999 year lease will be granted on completion.
The property must be a main residence.
METHOD OF SALE The property will be offered for sale by auction on 19th March 2026 at Harbour House, Kingsbridge TQ7 1JD at 3pm prompt subject to a reserve price, unless previously sold.
DEPOSIT A 10% deposit based on the sale price will be payable at the fall of the hammer with completion 28 days after exchange or sooner by agreement and in addition a 1% buyer’s premium will be payable to the vendors sole agent by means of a bacs payment at the time and venue of the auction.
Proxy Bids Those not able to attend the auction but intend to use a proxy must complete a proxy form and have with them at the time of the auction a cheque made payable to the vendors solicitor for 10% of the guide price.
SPECIAL CONDITIONS OF SALE Copies of the Special Conditions of Sale can be obtained from either the vendor’s sole agents, Marchand Petit, 1-3 Hauley Road, Dartmouth, TQ6 9AA, or from the vendors solicitors, Adam Crawford, Pennington Manches Cooper, Matrix House, Basing View, Basingstoke, Hampshire RG21 4DZ, , Adam.
BUYERS PREMIUM A Buyer’s Premium of 1% plus VAT of the hammer price will be payable to the sole agents and auctioneers in addition to the purchase price and deposit payable to the vendor’s sole agent at the auction.
In the event the property is sold prior to auction or after the auction the Buyer’s Premium remains payable to the vendors sole agent in accordance with the contract.
MONEY LAUNDERING REGULATIONS All interested buyers attending the auction and intending to bid should register for anti-money laundering purposes providing proof of identity and address in order that we can comply with Money Laundering Regulations.
COMPLETION To be agreed AUCTION CONDITIONS Our standard auction conditions can be viewed on our website under Marchand Petit's Standard Auction Conditions.
VIEWINGS Strictly by appointment with the vendors sole agents, Marchand Petit, Dartmouth, .
To view associated documents please follow the link Tenure 999 year lease from completion Service Charge £92.49 p.a. £150 p.a.
insurance contribution to Live West Services Mains electricity, water and drainage. Electric night storage heaters.
Viewing Strictly by appointment with the Sole Agents, Marchand Petit, Dartmouth.
Telephone: Fixtures & Fittings All items in the written text of these sales particulars are included in the sale.
Other items are expressly excluded, regardless of inclusion in any photograph.
Purchasers must satisfy themselves that any equipment included in the sale of the property is in satisfactory working order.
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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 Victory Road, Dartmouth
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