1-bedroom house · EX4 4DP
For saleListed 126 days
Opportunity summary
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About
SUMMARY A spacious one bedroom retirement apartment for the over 55s, ideally situated within Montpellier Court, just a short walk from Exeter city centre.
Benefitting from a Juliette balcony with attractive views, residents' parking, communal gardens, and an active residents' community.
DESCRIPTION Situated within the popular Montpellier Court retirement development, this spacious one bedroom apartment offers comfortable and independent living for the over 55s, conveniently located within walking distance of Exeter city centre and its wide range of amenities.
The apartment comprises a generous double bedroom complete with fitted wardrobes, a well-presented bathroom, and a spacious lounge/dining room providing plenty of room for both relaxing and entertaining.
A Juliette balcony enjoys an elevated outlook across parts of Exeter and towards the distant countryside, allowing an abundance of natural light into the living space.
The kitchen is positioned directly off the lounge and offers a practical layout with ample storage and worktop space.
A large storage cupboard accessed from the hallway provides valuable additional storage.
Montpellier Court offers an excellent range of communal facilities designed to enhance residents' lifestyles, including a laundry room and a welcoming communal lounge.
Residents regularly enjoy organised social activities, games evenings, and takeaway nights, creating a friendly and supportive community atmosphere.
Further benefits include access to a communal residents' car park, providing convenient parking for homeowners and visitors.
There is also a delightful communal garden area tucked away within the development, offering a peaceful space to sit out, relax, and enjoy the surroundings. Entrance Hall Storage/airing cupboard.
Living Room Double glazed rear aspect window, Juliette balcony, wall mounted radiator.
Kitchen Double glazed rear aspect window, wall and base units, work surfaces, sink unit, over, hob and extractor over, under counter fridge and freezer.
Bedroom 1 Double glazed rear aspect window, fitted wardrobe, wall mounted radiator. Bathroom Bath with shower over, low level toilet, wash hand basin, extractor fan.
Parking Allocated parking space + visitor parking. Agents Note There is a restriction regarding running a business from the property.
We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.
1.
MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
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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