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See how verdicts work1-bedroom flat · EX8 2NN
For saleReduced £5k (−6.3%) on 8 SepListed 882 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A one bedroom retirement apartment on the second floor Pegasus Court is a development of retirement apartments constructed by Pegasus Retirement Homes Ltd The facilities at Pegasus Court include a Development Manager who sees to the day-to-day running of the development and can also be contacted in the event of an emergency.
For periods when the Development Manager is off-duty each property is linked to a 24 hour emergency call system.
Each property benefits from accommodation that includes an Entrance Hall, Lounge, Kitchen, one or two bedrooms and bathroom.
It is a condition of purchase that residents be over 60 years of age and in the event of a couple one must be over 60 and the other over 55.
Please speak to our property consultant if you require any information regarding Event Fees that may apply to this property. Accomodation Front door leads to entrance hall with doors to all rooms.
Inner Hall Storage cupboard housing hot water cylinder with twin immersion heaters and slatted shelving. Second storage/coats cupboard with hanging rail and shelf. Two ceiling light fittings.
Slimline electric panel heater. Pull cord. Living Room With Views Of Rear Garden Panel heater. TV aerial point, telephone point. Ceiling light point.
Door to: Kitchen With Window Fully fitted with a range of wall and base units with work tops housing fully integrated appliances including, built in high level oven with built-in ceramic hob with extractor above.
Integrated microwave, fridge and freezer. Single drainer, stainless steel and mixer tap. Bedroom With Window Storage heater. TV point.
Bathroom Suite comprising low level W.C, vanity wash hand basin and bath with shower fitting. Light/shaver point. Emergency pull cord. Fully tiled. Extractor fan. Heated towel rail. Separate shower.
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
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FAQ
About 29, Pegasus Court (Exmouth), Exmouth
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