1-bedroom flat · TQ12 2DG
For saleListed 21 days
Opportunity summary
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About
This immaculate one-bedroom first floor retirement apartment presents an exceptional opportunity for those seeking comfortable, modern living within a well-maintained purpose-built development.
Designed exclusively for the over 60s, this apartment offers a welcoming and secure environment with a thoughtfully arranged layout.
The apartment is offered with no upward chain, allowing for a straightforward and stress-free purchase process.
With its modern interiors, convenient location, and excellent communal amenities, this retirement apartment combines independent living with the reassurance of a supportive setting.
Located just a level walk from the town centre and train station, the apartment benefits from a highly convenient position close to a variety of local amenities, shops, cafes, and essential services.
Residents enjoy excellent transport links, making it easy to access surrounding areas, while the friendly local community provides a welcoming atmosphere.
The development itself is managed by an on-site Development Manager, ensuring peace of mind and support for residents.
Accommodation The property features a spacious living room with ample space for both relaxation and dining, complemented by a large window that fills the room with natural light.
The modern fitted kitchen is well-equipped, including a window for ventilation and pleasant outlooks, as well as plumbing for a washing machine.
The double bedroom is generously proportioned, offering plenty of space for furniture and storage.
A contemporary wet room, finished to a high standard, includes a walk-in shower, WC, and basin for ease of access and convenience.
Within the building, a range of communal facilities are available for residents’ use. These include a comfortable residents’ lounge, ideal for socialising or relaxing and a well-kept laundry room.
The development’s communal areas are maintained to a high standard, fostering a pleasant and sociable environment for all residents.
Security features and the presence of a Development Manager further enhance the sense of safety and community.
Agent's notes Council Tax: Currently Band B Tenure: Leasehold Lease: 125 years from 25 March 1988 Service Charge: Currently approximately £235 pcm to include ground rent and buildings insurance.
Review Period: Annually. Age Restriction: Over 60s. Mains water. Mains drainage. Mains electricity. This property is subject to a grant of probate.
EPC Rating: C Disclaimer Information provided is for guidance only and is non-contractual. Although every effort is made to ensure accuracy, on occasion we rely on information from third parties.
We reserve the right to offer clients additional services. These might include financial and legal services, removals, surveying amongst others.
In some instances, we are paid for introductions to third parties.
The maximum amounts that we currently receive are £150.00 per transaction from solicitors and 30% of income generated by financial advisers.
To ensure compliance with hmrc Anti Money Laundering and Source funds regulation we use Smart Compliance.
Purchasers and those providing funds towards a purchase are required to complete these compliance process for which there is a £75.00 charge.
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 Flat 21, Lydford House Hameldown Way, Newton Abbot
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