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See how verdicts work3-bedroom terraced house · EX34 0EJ
Listing removedListed 249 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
2 Water Terrace is a wonderfully characterful property set within the peaceful coastal village of Combe Martin.
Currently used as a successful holiday, the property would make a great family residence or second home.
Entering via the rear of the property, a substantial car port easily capable of housing two vehicles leads down a path into the private rear garden.
Here, the space is dominated by a level lawn surrounded by mature bushes and shrubs with a patio area enclosed by a timber pergola ensuring this is the perfect area to dine alfresco or to entertain friends or family.
Moving into the property, a modern tiled conservatory makes for a lovely reception room. With an electric heater installed, this room can be used all year round.
The living room is full of character, ranging from exposing of the stone construction, timber beams and a brick feature fireplace with a gas flame effect log burning stove.
The kitchen contains a range of base and wall units with space and plumbing for a washing machine, dishwasher and fridge/freezer.
A gas 4 ring hob and electric oven has been installed alongside timer beams to create a wonderful country kitchen.
A fully tiled downstairs bathroom with WC can also be found adjacent to an airing cupboard housing the gas combination boiler and space and plumbing for a washing machine.
All white goods will remain in the property.
To the first floor, there are two double bedrooms room, both with built in storage with the third bedroom also benefitting from built in storage with views over the rear garden.
A upstairs WC with decorative tiled wash hand basin serves the whole floor. Agents Notes: The property is located within flood zone 3.
There is a flood prevention scheme which has been provided to ensure that in the unlikely event of the stream breaking its banks the property remains safe from water ingress.
Gross income and occupancy - 2023/2024 - £29201 - 40wks | 2022/2023 - £33421 - 46wks | 2021/2022 - £26715 - 34wks Applicants are advised to proceed from our offices in an easterly direction and heading out of town on the main A399 sign posted Combe Martin, follow the road for approximately 5 miles into the village of Combe Martin.
Upon entering the village proceed up the main High Street for approximately 1 mile passing the Pack O' Cards public house. Water Terrace is the next right hand turn with No.
2 located at the end of the lane on your left hand side.
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 2, Water Terrace, Combe Martin, Devon, EX34
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