1-bedroom flat · EX8 2ET
Listing removedReduced £15k (−23.1%) on 21 JunListed 187 days
Opportunity summary
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About
1 Bedroom Retirement Apartment – Orcombe Court, Exmouth Guide Price: £50,000 Marketed by Fulfords Estate Agents Situated within the everpopular Orcombe Court, this well presented first floor one bedroom retirement apartment offers comfortable, secure living in a friendly and welcoming over 55s community, ideally positioned close to local amenities.
The apartment is light and airy throughout, with a thoughtfully arranged layout that makes the most of the available space.
The living accommodation is bright and inviting, creating a pleasant environment for both everyday living and entertaining. The property has been well maintained and is ready to move into.
Residents at Orcombe Court benefit from a strong sense of community, beautifully kept communal gardens, and communal offstreet parking, providing convenience and peace of mind.
Location Orcombe Court enjoys a highly convenient position within Exmouth.
A range of local shops, post office, launderette, supermarket, and regular bus routes are all within easy reach, making daytoday tasks straightforward and accessible.
Exmouth town centre offers a wider selection of amenities, cafés, and services, while the nearby seafront, parks, and coastal walks provide excellent opportunities for leisure and relaxation.
Excellent transport links connect Exmouth to Exeter and the surrounding villages.
Key Information Retirement apartment – buyers must be aged 55 or over Firstfloor position Communal parking and communal garden areas Council Tax Band: C Lease length: 125 years from December 1996 Ground rent: £300 per annum (next review January 2027) Annual service charge: £3,400 (next review January 2027) -Includes buildings insurance Management company: FirstPort This property represents an excellent opportunity to secure a welllocated retirement apartment within a supportive community, offered at a competitive price.
Modern Method of Sale: This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period").
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00.
These services are optional.
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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
FAQ
About Flat 24, Orcombe Court,, Littleham Road, Devon
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