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See how verdicts work1-bedroom flat · EX8 1UA
For saleListed 36 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Hometor House was constructed by McCarthy & Stone (Developments) Ltd. The development comprises of 44 properties arranged over 3 floors each served by a lift.
The Development Manager can be contacted from various points within each property in the case of an emergency.
For periods when the Development Manager is off duty there is a 24 hour emergency Appello call system.
It is a condition of purchase that residents be over the age of 60 years, or in the event of a couple, one must be over the age of 60 years and the other over 55 years.
The accommodation comprises: Communal entrance, door security system, lift and stairs to all floors, this apartment is found on the second floor approached by a private front door to: Reception hall: Door intercom, emergency careline cord, walk-in linen cupboard – also housing electric meter and electric consumer units and water tank.
Sitting room: 5.13m x 3.2m (16'10" x 10'6") plus large double glazed tilt and turn window, including a seating area providing a bright pleasant outlook, TV point, wall lighting, archway to: Kitchen: 2.21m x 1.63m (7'3" x 5'4") Fitted with gloss finish worktops with tiled surrounds, cupboards, appliance space beneath worktops, four ring electric hob with electric oven below, wall mounted cupboards.
Bedroom: 3.51m x 2.64m (11'5" x 8'8") Double glazed tilt and turn window enjoying an open aspect, built-in wardrobe with clothes rail and shelving, TV point.
Shower room/WC: 2.01m x 1.63m (6'7" x 5'4") Large walk-in shower enclosure with electric shower, WC, wash hand basin with cupboards under, wall mounted electric heater, mirror fronted medicine cabinet.
Communal facilities: Includes gardens; residents lounge; laundry room and parking area subject to availability.
Tenure: Held on a 99 year lease from September 19815 with approximately 61 years remaining. The service charge is £3,072 per annum and the ground rent is £? Per annum
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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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 advisers before making any investment decisions.
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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
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FAQ
About Hometor House,Flat 40, Exeter Road, Exmouth
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