2-bedroom flat · EX8 2FQ
For saleListed 38 days
Opportunity summary
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About
Summary Immaculately presented top floor apartment situated within the sought-after Plumb Park development offering a spacious open plan lounge/kitchen/diner, two double bedrooms, lovely open views, allocated parking and approximately 9 years remaining on the NHBC.This is a shared ownership purchase of 55%.
Description A fantastic opportunity to acquire this beautifully presented top floor apartment located within the highly desirable Plumb Park development in Exmouth.
This is a shared ownership purchase of 55%.
Presented in immaculate condition throughout, this spacious apartment offers modern, light-filled accommodation ideally suited to first-time buyers, professionals, downsizers or investors alike.
The property benefits from approximately 9 years remaining on the NHBC warranty, providing valuable peace of mind for purchasers.
The heart of the home is the impressive open plan lounge/kitchen/dining area, creating a wonderful social space for both everyday living and entertaining.
The room enjoys plenty of natural light together with attractive open views, enhancing the sense of space and comfort throughout.
There are two generous double bedrooms, both well-proportioned and beautifully presented, along with a contemporary bathroom finished to a high standard.
Externally, residents benefit from attractive communal gardens, providing pleasant outdoor space to enjoy.
The property also benefits from an allocated parking space together with additional visitor parking for family and guests.
Conveniently positioned close to a range of local amenities, transport links and nearby facilities, this exceptional apartment combines modern living with a desirable location and is offered in true move-in-ready condition.
Agents Notes This property is currently under shared ownership in conjunction with LiveWest Housing Association who have criteria for any purchase, the advertised price is for the sellers 55% share.
£249.37 per month is paid to the Housing Association as rent for the retained share. Service Charge is £000 Ground Rent is £000.
Please contact with LiveWest Housing Association for guidance on purchase requirements.
In addition, Livewest Housing Association have advised that they would be prepared to staircase a transaction to 100% Freehold ownership.
This would mean that any potential purchaser would buy the vendor’s 55% share and the remaining 45% share from LiveWest Housing Association providing a Freehold purchase on completion.
Your conveyancer will advise with regard to the timescales involved and you should satisfy yourself in regard to lending affordability. There are approximately 9 years remaining on the NHBC warranty.
Please note that an aml fee is chargeable to the buyer once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks.
Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead. There is an easement on the title (communal parts) - please enquire with the Branch.
There are restrictions regarding keeping pets (permission needed), running a business and holiday home use - please enquire with the Branch.
Entrance Hall Double glazed front aspect window, door to rear, intercom system, storage area with electric boiler, loft access, wall mounted radiator.
Living/ Dining Room Double glazed windows to front, rear and side, wall mounted radiator.
Kitchen Wall and base units, work surfaces, double electric oven, electric hob with extractor over, stainless steel sink unit, plumbing for washing machine, space for fridge freezer.
Bedroom 1 Double glazed front aspect window, wall mounted radiator. Bedroom 2 Double glazed side aspect window, storage area, wall mounted radiator.
Bathroom Bath with shower attachment, low level toilet, wash hand basin, tiling, spotlights, extractor fan, wall mounted radiator. Communal Garden Communal lawned gardens with seating area.
Parking Allocated parking space + visitor parking. 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
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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 16a, Park Drive, Exmouth
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