1-bedroom flat · EX1 2JP
For saleReduced £10k (−12.5%) on 25 JulListed 540 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary guide price £70,000 - £80,000 A first floor retirement apartment within this sought after development close to Belmont Park, local amenities and Exeter City Centre.
There is also a residents communal lounge where you can socialise with other residents. Outside there are beautiful communal gardens.
Description guide price £70,000 - £80,000 A first floor retirement apartment within this sought after development close to Belmont Park, local amenities and Exeter City Centre.
There is also a residents communal lounge where you can socialise with other residents. Outside there are beautiful communal gardens and also residents parking area.
The property is offered with no chain. The accommodation comprises:- Communal entrance hallway, entrance hallway, lounge/diner, kitchen, bedroom and bathroom/wc. Entrance Hall Door to front.
Intercom system, emergency pull cord, night storage heater.
Living Room/ Kitchen 21' 1" x 9' 7" max ( 6.43m x 2.92m max ) Double glazed rear aspect windows, night storage heater, wall and base units, work surfaces, tiling, space for fridge freezer, plumbing for washing machine, stainless steel sink unit, electric oven and hob, emergency pull cord.
Shower Room Double glazed obscured front aspect window, shower cubicle with electric shower, low level toilet, wash hand basin with cupboard below, shelves, tiling, heated towel rail.
Bedroom 13' 5" to front of wardrobe x 7' 9" max ( 4.09m to front of wardrobe x 2.36m max ) Double glazed rear aspect window, built-in mirrored wardrobe, emergency pull cord.
Outside Lawned communal gardens with seating areas. Atrium style communal garden with fish pond and a variety of flowers and plants.
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
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Flat 27, Cleveland Court, Grosvenor Place, Exeter
Explore nearby