2-bedroom flat · PL21 9GH
Listing removedListed 485 days
Opportunity summary
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About
An opportunity to acquire a beautifully presented first floor apartment in the retirement complex of Grosvenor Court.
Positioned close to the town centre, this spacious apartment offers well proportioned accommodation to include; entrance hall, lounge/diner, fitted kitchen, two double bedrooms, and modern shower room.
All residents have the benefit of a communal lounge, laundry room, communal grounds and parking.
EPC C 79 Entrance Hallway Doors to the lounge/diner, bedrooms, shower room and two storage cupboards, door to airing cupboard housing the hot water cylinder.
Lounge/Diner - 8.07m x 3.28m (26'5" x 10'9") Double glazed window to the front elevation, storage heater, wall mounted electric fireplace, glazed double doors leading to the kitchen.
Kitchen - 2.31m x 2.27m (7'6" x 7'5") Fitted with a matching range of base and eye level units with worktop space over, stainless steel sink unit with single drainer, built in eye level electric oven, four ring electric hob with extractor hood, space for under-counter fridge and freezer, double glazed window to the front elevation.
Bedroom 1 - 4.11m x 2.84m (13'5" x 9'3") Double glazed window to the front elevation, storage heater, mirror fronted built in wardrobes offering ample hanging space and shelving.
Bedroom 2 - 5.3m x 2.82m (17'4" x 9'3") Double glazed window to the front elevation, wall mounted heater.
Shower Room Fitted with a modern three piece suite to include walk-in double shoer enclosure with glass screen, wash hand basin with storage underneath, WC with hidden cistern, heated towel rail, extractor fan.
Property Information The apartment enjoys the use of the communal gardens and there is on site parking available.
There are two lifts within the complex and all residents have access to the communal lounge and laundry room. Water rates are included in the management charge.
All apartments are equipped throughout with access to the "Care Line" system.
Tenure: Leasehold Length of Lease: 125 Years from 2005 Ground Rent: £460 per annum Service Charge: £5000 per annum (Approximately) Council Tax Band: Band C Mains Water & Included In The Service Charge Mains Electric
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Western Road, Ivybridge
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