1-bedroom flat · EX10 8DE
For saleReduced £20k (−10.8%) on 23 OctListed 114 days
Opportunity summary
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About
This charming first floor apartment is situated in the original section of this popular residential development and is offered for sale with no onward chain.
The property enjoys a delightful south facing aspect over the grounds from the principle rooms and benefits from a south facing terrace.
The accommodation is generously proportioned and retains many original features including high ceilings, sash windows, picture rails and panelled doors, however, the property is now ready for general modernisation and updating throughout.
The accommodation briefly comprises a private entrance hallway, a dual aspect living/dining room with French doors that open onto the south facing terrace.
The kitchen offers a good selection of base and wall mounted units and a south facing window that looks out over the communal grounds.
The bedroom is a superbly proportioned double bedroom that also enjoys a dual apsect with southerly and westerly facing windows and features a good range of fitted wardrobes.
The bathroom comprises a panelled bath with a shower attachement over, a pedestal wash basin, bidet, low level wc and a heated towel rail.
The terrace is a easy, low maintenance space that enjoys an elevated view over the beautifully kept communal grounds and beyond towards the town. The terrace is shared with one other resident.
Wooden planting boxes with trellis fencing have been positioned along the centre of the terrace to create two more private and individual spaces which benefit both apartments.
The property is accessed through two communal entrance foyers positioned at either side of the development. A secure entry system offers peace of mind and security.
The apartment is located in the original Powys building, which is a beautiful Grade II listed property.
Although there is no passenger lift in this section of the development, a chairlift has been installed in recent years to assist residents.
The property benefits from a garage, and there is plenty of residents and visitors parking available around the development.
Powys House is a highly regarded retirement development exclusively for the over 55's, and situated on the edge of Sidmouth town centre, only a short walk to the high street and Esplanade.
The development offers many excellent facilities including; Resident House Manager, Luxurious residents' Lounge, Laundry Room, 2 Guest Suites, 24 hour monitoring, and fabulous 4 acre communal grounds.
Viewing By prior appointment with Redferns services We understand all mains services are connected. Outgoings Council Tax Band D tenure Leasehold 999 year lease from 1982. Restricted to over 55's.
We understand that the current annual service charge for 2022 is £3,814.66 The current service covers the following: House Manager's salary, the maintenance, repair and re-decoration of building structures and communal area facilities, maintenance of the laundry and its equipment and the two guest suites (which are available at a nominal cost for the use of the residents' visitors), all external window cleaning, gardening, the cost of the water, gas and electricity for the communal areas (where applicable), buildings insurance plus contents insurance for the common areas, furnishing and equipment.
Mobile and broadband coverage Broadband is connected to this property, for specific checks, please use this link agents note Data protection act of 2017.
We are now required to obtain proof of id and proof of residence for any prospective purchaser before formally agreeing a sale.
Photographic identification such as passport or driving licence, proof of residence, utility bill, council tax or official Inland Revenue correspondence. Important notice 1.
Every care is taken in preparing these particulars but they do not constitute nor constitute any part of an offer or a contract.
They are prepared in good faith but they are for guidance only and intended to give a fair description of the property. 2.
Statements contained in these particulars are not to be relied on as statements or representations of fact and are made without responsibility on the part of the agents or vendor.
An intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each statement.
The vendor does not make or give and neither the agents or their employees have authority to make or give any representation or warranty in relation to the property or its use. 3.
Any reference to alterations to, or use of any part of the property is not a statement that any necessary planning, building regulations or other consent has been obtained.
These must be verified by any intending purchaser. 4. All properties are offered subject to contract and being unsold.
No responsibility can be accepted for any expenses incurred by any intending purchaser in inspecting any property which has been sold, let or withdrawn.5.
The photographs show only certain parts and aspects of the property at the time they were taken. Any areas, measurements or distances given are approximate only. 6.
Descriptions of a property are inevitably subjective but we endeavour to make our particulars accurate.
If there are any points of particular importance please contact us before viewing and we will be pleased to check or clarify information.
Redferns is a trading name of Redferns Ottery St Mary Limited Registered in England and Wales 4817078. Registered Office 1 Broad Street, Ottery St Mary, Devon EX11 1BR.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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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About Powys House,Flat 8, All Saints Road, Sidmouth
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