2-bedroom flat · EX12 2TN
Listing removedListed 246 days
Opportunity summary
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About
Immaculately presented, two-bedroom ground floor apartment situated on the outskirts of town.
81 Riverdale is a well presented two bedroom ground floor apartment which has undergone extensive recent renovations and is now being sold with no onward chain.
The property is ideally located on the outskirts of Seaton, just a short walk from the local Wetlands reserve and trail to town and on the town’s hail and stop bus route.
Since purchasing, the current vendors have completely renovated the property throughout, leaving no stones unturned.
The property has new windows throughout, been rewired with new consumer unit, has updated plumbing and new heating with gas central heating boiler.
There has also been replastering works alongside full redecoration including new kitchen and bathroom, flooring, carpets and doors. The current owners have also recently extended the lease.
Entry is gained through the communal door into the main building where 81 is sited at the end of Riverdale Close, where the ground floor communal area leads up to the private front door.
The door opens into the entrance hallway, where the gas meter is sited, alongside a large double airing cupboard.
The living room is spacious and bright, with a dual aspect facing on to Riverdale beyond.
The kitchen has been comprehensively fitted with a contemporary kitchen with a range of complimentary grey tone gloss base and wall units with rose gold handles, wooden worktops and sink.
There is a built in oven with large ceramic electric hob over, integrated tall fridge freezer, wine cooler and built in washing machine.
The property benefits from two bedrooms- bedroom 1 is a large double room with built in storage faces out on to Riverdale, whilst bedroom 2 faces the front of the building and is a smaller double room.
There is also a fully fitted modern shower room with laminate flooring, walk in shower with glass surround and waterfall shower; vanity unit with wash hand basin, WC and heated towel rail.
Outside: Outside there are communal areas which are laid to lawn with a few seating areas as well as a bin store, drying area and parking.
Tenure: This property is leasehold with a lease of 215 years which commenced 25 March 1978.
Service charges: £1042 per annum to include the maintenance and upkeep of the building and all communal areas and buildings insurance.
Ground rent: £115 per annum Council Tax: We are advised that the property is Council Tax Band B. East Devon District Council. Tel: What3words: ///downs.clasping.retraced
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 81, Riverdale Close, Devon
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