3-bedroom flat · EX10 8NH
Listing removedReduced £50k (−11.1%) on 21 JunListed 335 days
Opportunity summary
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About
Nestled within the prestigious Coburg Terrace, a striking row of Grade II* Listed converted Georgian villas dating back to circa 1820, this exceptionally spacious maisonette occupies the upper two floors (first and second) of Number 2.
Situated in a conservation area on the fringes of the town centre, the property offers an enviable position close to the sea.
Accommodation Upon entering the communal hall, a private staircase ascends to the residence, which benefits from gas central heating throughout.
The heart of the home is the magnificent sitting/dining room.
Bathed in natural light from its south-easterly aspect, this room boasts high ceilings, elegant coving and a ceiling rose, and opens via glazed doors onto a delightful balcony offering superb views over the adjacent tennis courts and bowling lawns.
The adjacent kitchen/breakfast room is well-appointed with a comprehensive range of fitted units, including integrated appliances such as a dishwasher, washing machine, oven, grill, and gas hob.
Bedrooms And Bathrooms The bedroom accommodation is thoughtfully arranged.
The main bedroom, located on the half landing to the rear, is a generous double featuring an arch-topped door and built-in wardrobes.
A second double bedroom also features integrated storage, serviced by the main bathroom which includes a shower over the bath.
The second floor offers further potential, housing a third double bedroom with built-in wardrobes and an en-suite bathroom.
Also on this level is a useful loft room, presenting an ideal opportunity to be converted into a dedicated home study or office.
Outside The property enjoys the beautiful, immediate proximity of Blackmore Gardens, situated just beyond the bowling lawns.
Practicality is assured with a single garage and dedicated parking space located to the right-hand end of the block on Heydons Lane, accessed from the rear of Coburg Terrace.
Material Information Grade II* Listed Tenure: Leasehold with 154 years remaining. Also includes share of freehold.
Terms of lease – All forms of letting are permitted along with pets permitted as well.
Maintenance - It is understood that the property is responsible for a 60% share of external decoration, roof maintenance and buildings insurance.
Mains services connected: Electric, gas, water and drainage. Council Tax Band E with East Devon District Parking: Garage with parking available to the front and rear.
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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FAQ
About Flat 2B, 2, Coburg Terrace, Devon
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