1-bedroom flat · EX13 5PL
Listing removedListed 463 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
One bedroom lower ground floor apartment with spacious entrance hallway and direct access to communal gardens.
McCarthy & Stone retirement apartment is located in the market town of Axminster for the over 55’s.
The Property One bedroom retirement apartment situated to the rear of the property, and ideally located just off the centre of Axminster.
The property offers comfortable accommodation with double glazing, 24-hour emergency careline response system, on site manager and well-maintained gardens.
There is a lift to all floors, residents lounge, laundry room and guest suite. An age occupancy restriction applies to this property.
Outside To the rear of the development is a well-maintained communal garden with mature shrub and flower borders and paved seating area that adjoins the residents' lounge.
Situation Minster Court is situated just moments away from the town centre and is ideally placed for local amenities and shopping facilities.
Axminster is a country town on the Eastern fringes of Devon, close to the border with Dorset.
It offers a selection of shops including two Supermarkets; plus schools, churches and a main line railway station on the Exeter to Waterloo line.
The beautiful Axe valley reaches the sea at Seaton (6 miles) and the famed resort of Lyme Regis is a similar distance. Exeter (M5) 24 miles, Taunton 20 miles.
Directions ///rationed.exists.strut Services All mains services connected Broadband: Ultrafast available.
Source- Mobile Network Coverage: There is mobile coverage in the area, please refer to Ofcom’s website for more details.
Local Authority East Devon District Council Tel : Council Tax Band B Material Information The property is located in flood zone 1, an area with a low probability of flooding.
Viewings are strictly by appointment. The cost of mains water, drainage, and buildings insurance is included in the Annual Service Charge.
Lease information : Term - 125 years from 1st June 2004 Annual Service Charge (2024/2025) - £2567.98 Annual Ground Rent (2024/2025) - £385
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.
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About 5, Minster Court, Axminster
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