2-bedroom flat · EX10 8JS
Listing removedListed 64 daysAuction 24 Jun · ended
Opportunity summary
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About
Summary. For sale by modern method of auction (T&Cs apply) Ashley occupies an elevated position on the popular Salcombe Hill Road, just 200m from the picturesque Byes riverside walk.
This well-proportioned two-bedroom ground floor apartment benefits from a large front garden, and parking area at the rear.
The spacious reception hall leads through to a comfortable sitting/dining room, enjoying an attractive outlook over the front garden.
Bedroom one is a generous double bedroom with the benefit of an en-suite shower room, complete with walk-in shower, WC and wash hand basin.
Bedroom two also provides good accommodation and features a useful walk-in wardrobe, with access to a further shower room comprising shower, WC and wash hand basin.
There is a kitchen/dining room, with a rear lobby providing access to the parking area.
The front of the property is complemented by extensive private grounds, with a variety of mature trees providing an attractive setting, screening and a good degree of privacy.
Overall, Ashley offers spacious ground floor accommodation together with excellent outside space, parking and a particularly desirable position close to the Byes and Salcombe Hill.
Auctioneers Comments. This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period").
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken.
Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.
Council Tax Band D Freehold with first floor flat leasehold held on a long lease as follows.
Lease Start Date 22/07/1997 Lease End Date 24/06/2996 Lease Term 999 years from 24 June 1997 Lease Term Remaining 970 years 50 percent share of maintenance costs and buildings insurance. Location.
Located on the sought after eastern side of the highly regarded coastal resort of Sidmouth, the property occupies an slightly elevated position, within just 1/2 mile walking distance to the town centre and its range of individual shops, amenities and other facilities.
Of equal distance is Sidmouth's Regency esplanade forming part of the Jurassic coastline with its picturesque views and walkway leading to the award winning and beautiful Connaught Gardens.
Within 200 metres the 'Byes' National Trust riverside walk can be accessed offering a pedestrian and cycle pathway through delightful parkland and meadow to the town centre or, alternatively, out to Sidford.
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller.
POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases. QSI260128/2
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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 Salcombe Hill Road, Sidmouth, Devon, EX10
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