1-bedroom flat · PL21 9NX
For saleListed 123 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well presented and exclusively for the Over 55s, 1 double bedroom apartment, benefiting from use of excellent facilities including a library, outdoor tennis court, croquet lawn and 12 acres of landscaped & maintained gardens.
Situation - Flete House is located in a beautiful area, on the outskirts of Modbury which boasts excellent local amenities.
Kingsbridge has a varied range of shops, services and facilities, whilst the Ocean City of Plymouth offers a comprehensive range of shopping and leisure facilities along with a direct rail service to London Paddington and Brittany Ferry services to both France & Spain.
The stunning beaches of the South Hams and South East Cornwall are all within easy reach along with stunning coastal paths to explore.
Description - An attractive one-bedroom apartment, surrounded by landscaped gardens, well maintained grounds and delightful far reaching countryside views.
This wonderful retirement apartment offers a luxurious and comfortable lifestyle.
The apartment is entered via the hallway, which provides access to the lounge/diner, shaker style fitted kitchen, one double bedrooms and bathroom.
Outside - Allocated & visitors parking, outdoor tennis court, croquet lawn and 12 acres of landscaped & maintained gardens.
Services - Oil Fired Central Heating, Mains Water & Drainage, Mains Electric. The cost of all services are included within the service charge. 77 years remaining on the lease.
The service charge is £1,670.09 per month (£20,041.08 annually). Based on the latest data to Ofcom Standard broadband and mobile coverage from Vodafone, EE, Three & O2 are available at the property.
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
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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
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FAQ
About Flete House, Ivybridge
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