1-bedroom flat · EX2 5TQ
For saleReduced £5k (−5.9%) on 23 JulListed 138 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Representing excellent value is this beautifully presented 1-bedroomed 1st floor retirement flat which directly overlooks the stunning gardens.
Mowbray Court is a peaceful & sought after development of 60 properties set in approximately 4 acres of beautifully maintained communal grounds and gardens.
Very easy access to nearby shops, doctors surgery and rd&E hospital Material Information This is a retirement property. Residents minimum age restriction of 60.
In the case of couples, one partner may be aged over 55 provided the other is 60+.
Tenure: Leasehold Lease: 125 years from 1st August 2000 (99 years remaining) Service Charge: £1177.18 every 6 months to include house manager, maintenance of the building, lift, communal areas & gardening etc.
This charge also includes buildings insurance and water rates. Ground Rent: £362.13 per 6 months Council Tax: Band B - Exeter City Council Utilities: Mains Electricity & Drainage.
No Mains Gas Parking: Communal Residents Parking Area
Value & comps
No previous sales on record.
Returns
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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 Flat 43, Mowbray Court,, Butts Road, Devon
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