1-bedroom flat · EX9 6PE
Sold STCListed 257 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The accommodation comprises: Communal entrance and stairs rising to the first floor.
Own private front door with patterned glass giving access to the: Reception hall: With stairs rising to the upper floor; feature wall arches; smoke detector.
Lounge/dining room: 14' 11" (4.55m) x 12' 11" (3.94m) overall measurement.
A most elegant room with two sash windows both overlooking the front aspect; television point; radiator; picture rail; coved ceiling; recess ceiling spotlighting.
Kitchen/breakfast room: 12' 5" (3.78m) x 11' 8" (3.56m) measurement excluding window recess which is fitted with a sash window.
A stylish kitchen fitted with a range of work top surfaces; base cupboards, integrated washing machine, fridge / freezer and dishwasher beneath work top surfaces; inset stainless steel circular sink unit with hose style mixer tap over; inset electric hob with built-in oven below; cupboard housing the gas boiler providing domestic hot water and central heating; wall mounted electric consumer unit; radiator; smoke detector; ceiling spotlighting.
From the reception hall a staircase rises to the: Second floor landing: With window to rear aspect; recess ceiling spotlighting; fitted floor to ceiling cupboards.
Bedroom: 11' 2" (3.4m) x 11' 1" (3.38m) into wall recess. Sash window to front aspect; radiator.
Bathroom/WC: 9' 6" (2.9m) x 7' 7" (2.31m) A spacious bathroom suite comprising of a bath with antique style mixer tap shower attachment; pedestal wash hand basin with fitted mirror over; WC; radiator; small access to roof space; sash window with patterned glass.
Outgoings: The property is held on a 125 year lease, dated from 24th September 2022. Maintenance and service charges are on an equal one quarter share. No holiday lets are permitted.
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 4,The Maisonette, 3 Hillcroft, Fore Street Hill, Budleigh Salterton
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