2-bedroom flat · DT7 3HU
Sold STCListed 553 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A light and airy two-bedroom purpose built first floor apartment, ideally located near local amenities, beautiful beaches and the town centre, providing the perfect mix of comfort and convenience.
This two-bedroom apartment with double glazing, electric radiators and new carpet throughout is accessed via communal entrance door with a flight of stairs to a new fire door into the entrance hallway with a useful storage cupboard and airing cupboard.
The spacious open plan Kitchen, Living and Dining Room offers ample space with triple aspect windows offering views across Lyme Regis and bringing plenty of light into each area.
The kitchen is fitted with a range of modern cupboard and drawer units with matching wall cupboards and trim. Roll edge laminate surfaces with inset sink and drainer.
Inset ceramic hob and integral oven. Built-in appliances include an integrated dishwasher, washing machine and fridge/freezer. One cupboard also houses the hot water cylinder.
There are two generously sized bedrooms, one with the added benefit of a modern Ensuite Bathroom with shower above the bath, WC and basin set into a modern unit.
A well-appointed, shower room completes the accommodation, with WC, wash hand basin and stylish vanity unit.
Outside The property benefits from a garage, communal drying area, undercover dustbin area, communal gardens and limited visitor parking.
Material information & Tenure The property is held on a lease (199 years from 2002) with the Freehold interest held by a management company (Lewsedon Court (Maintenance) Ltd.) and each flat owner is an equal shareholder in the company.
The current service charge is £1440 per annum as of 2024.
Local Authority: Dorset Council Council Tax Band: C Tenure: Share Of Freehold No Holiday Letting and No Pets Services We are advised all mains services are connected apart from Gas. Electric heaters.
Broadband - Standard up to 11Mbps and Superfast up to 66Mbps. Mobile phone service providers available are EE, Three, O2 and Vodafone for voice and data services inside and outside.
(Broadband and mobile phone information taken from Ofcom website Results are predictions and not a guarantee.
Actual services available may be different from results and may be affected by network outages).
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.
Area
Agent & docs
FAQ
About Silver Street, Lyme Regis, Dorset, DT7
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