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See how verdicts work1-bedroom flat · TQ14 8FP
Sold STCReduced £10k (−6.3%) on 1 SepListed 384 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Purpose built town centre apartment constructed in 2007 with own independent access and enjoying south facing views over Teignmouth seafront and the Ness.
The modern apartment has been tastefully decorated with fitted kitchen, shower room, open plan reception area and one bedroom.
The apartment is in a select development of fifteen units with a secure communal entrance and lift and stairs rising to the upper floor.
Situated in a pedestrian area with own independent access and enjoying south facing views over Teignmouth seafront and the Ness.
The apartment is presented in good decorative order being tastefully decorated with fully fitted kitchen, shower room, open plan reception area enjoying pleasant views. One bedroom.
The apartment is in a select development of fifteen units having secure communal entrance with stairs and lift rising to the upper floor.
Secure communal entrance area External glazed door into corridor leading to lift and external stairwells to all floors. Well maintained bin store room adjacent to the lift.
Obscure glazed entrance door into... Entrance hallway Lightwell, night storage heater. Doors to...
Bedroom Part sloping ceiling, wall mounted electric panel heater, uPVC double glazed window with aspect to the rear of the apartment, further double glazed skylight window with views across the town, door to storage cupboard.
Shower room Fully tiled shower room fitted with a contemporary suite comprising corner shower enclosure with fitted electric shower, wash hand basin set into vanity unit, WC with concealed plumbing, extractor fan, Dimplex electric heater, double glazed skylight window, heated towel rail.
Utility cupboard Space an plumbing for automatic washing machine and condenser dryer, fitted extractor.
Open plan lounge/kitchen kitchen area Fully fitted with stylish range of cream gloss fronted base units with wood effect laminate work surface over incorporating contemporary one and a half bowl sink and drainer with mixer tap over, integral slimline dishwasher, fridge, electric oven and grill with induction hob, wall mounted extractor hood and light, full height larder style unit, double glazed skylight window with views across the town.
Main living area Wall mounted video entry control unit, Dimplex storage heater, south facing double glazed picture window enjoying views over the pedestrianised Triangle towards the seafront, taking in the nearby Den, promenade and seafront with the Ness headland beyond.
Material information - Subject to legal verification Leasehold: Length of Lease: 999 years from 1.1.2008 Annual Ground Rent: £200 Ground Rent Review: 1.1.2033 and every 25 years after Service Charge: £115.00 per month which includes rent (paid 1st month) Service Charge Review: Council Tax Band B -------------------------------------------------------------------------------- Leasehold restrictions: Please refer to lease agreement for full details.
However a summary is 1 property must be used as private residence and not for trade or business. It must not be used as a holiday let or rented out on a term of less than 6 months.
2 you can not attach an aerial/satellite dish etc to the property 3you can not keep pets except birds in cages/fish in tanks or other small animals in cages/tanks. 4 no hard wood floor EPC Rating: C
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 Apt 15, Fountain Court, Teignmouth
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