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See how verdicts work2-bedroom flat · EX23 8RA
Sold STCReduced £5k (−2.3%) on 21 JunListed 761 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated within a short distance of the popular coastal town this 2 bedroom first floor apartments benefits from underfloor heating throughout with fantastic views across the River Neet and surrounding countryside.
Offering versatile accommodation, an allocated off road parking space and balcony. The residence would be well suited as an investment property whilst equally appealing as a comfortable home.
EPC rating B. Council Tax Band A.
Bude itself is a popular coastal town providing an extensive shopping area for its local inhabitants and with its surrounding hinterland attracting a wide influx of holiday makers throughout the summer season generating further trade.
The premises are ideal for a wide range of retail purposes whilst boasting considered potential for alteration to other uses subject to any necessary local authority consents.
Bude itself supports a comprehensive range of shopping, schooling and recreational facilities with its 18 hole Links Golf Course and fully equipped leisure centre.
The bustling town of Holsworthy lies some 10 miles inland whilst the port and market town of Bideford is some 28 miles in a north easterly direction providing a convenient access to the A39 North Devon Link road which connects in turn to Barnstaple, Tiverton and the M5 motorway.
Directions From Bude town centre proceed along The Strand and The Octagon will be found on the left hand side just before the mini-roundabout.
Communal Entrance Hall Communal hall and stairwell to first floor. Kitchen/Dining Area.
5.82m (Max) x 3.12m ( Max) - A light open plan room comprising a modern kitchen with a range of matching base and wall mounted cupboard and work surfaces over incorporating a single sink drainer unit and integrated Neff dishwasher.
Built in cooker with 4 ring electric Neff hob and Neff extractor hood over. Built in fridge-freezer. Space and plumbing for washing machine. Windows to Rear elevation.
Living Area (10' 11" x 5' 5") Windows overlooking Bude Rugby, Wetland Reserve, river Neet. Doors leading to the balcony, with seating space perfect for alfresco dining.
Bedroom 1 (10' 10" x 8' 6") Window to rear and side elevation. Built in cupboard. Door to ensuite shower room.
Ensuite (4' 8" x 5' 4") Modern ensuite includes enclosed shower cubicle with mains fed shower over, low flush WC, wall mounted hand wash basin and a wall mounted towel rail. Extractor fan.
Bedroom 2 (11' 2" x 7' 10") Window to side elevation.
Bathroom (5' 6" x 4' 8") Comprising a panel bath with mains fed shower over and shower screen, concealed cistern WC and wall mounted hand wash basin. Chrome heated towel rail. Extractor fan.
Outside Allocated off road parking space can be found in the car port, with the apartment number clearly displayed.
Tenure The property has the remainder of a 125 year lease granted in March 2006 and has a 10th share of the freehold.
Service and maintenance charge is set by the owners committee with the management company at approximately £117.00 per calendar month. EPC Rating B. Council Tax Band A.
Value & comps
No previous sales on record.
Returns
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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.
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FAQ
About 8 The Octagon,, Strand, Cornwall
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