2-bedroom flat · TA21 8LT
For saleListed 263 days
Opportunity summary
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About
33 Bishops Court is a two bedroom second floor retirement apartment situated in the centre of the town of Wellington within easy walking distance of all amenities.
The property is offered to the market with NO ONWARD CHAIN. The development benefits from a communal garden, resident’s lounge, laundry room, guest suite and resident’s parking.
The accommodation briefly comprises an entrance hall with two large built in storage cupboards, spacious sitting/dining room and a kitchen accessed via double doors and fully fitted with a range of modern wall and base units with an integrated oven and hob and space for a fridge/freezer.
There are two bedrooms alongside a modern shower room fitted with a white three piece suite with walk in shower.
Outside of the development there are communal gardens which are well maintained with various areas to sit out and relax in the warmer months. Some areas of the garden are accessed via steps.
There is a secure entrance system for residents with an automatic front door key fob and normal key operated side doors.
By the front door there are charging ports for mobility aids which is agreed/arranged by the Manager.
There is a residents sitting room which is nicely furnished with an adjoining kitchenette where regular coffee mornings and activities are held.
The guest suite is available for family and friends and will need to be pre-booked, and there is a nominal charge for the use of this.
The laundry room has a selection of washing machines and tumble dryers which can be found on the lower ground level of the development.
LEASE INFORMATION AND CHARGES The tenure of the property is Leasehold with a 125 year lease, commencing on 1st January 1992.
The annual maintenance charge for Bishops Court is £4980 per annum and the ground rent is £474 per annum. Purchasers/occupants are to be of an age of 55 years or over.
We understand that pets are not permitted.
At the point of re-selling the property, a contribution is payable to the ongoing sinking fund equating to 1% to First Port of the sale price and 1% to Estates and Management of either the original purchase price or the sale price (whichever is the lowest figure).
(Correct at January 2026).
LOCATION Bishops Court is situated a pleasant stroll from Wellington town centre which offers an excellent selection of shopping and recreational facilities to include a Sports Centre with swimming pool.
Wellington benefits from a good range of both independently run shops and larger national stores such as the well renowned Waitrose.
DIRECTIONS From our town centre office proceed in the Exeter direction. On approaching the main town centre traffic lights turn right into North Street and continue along.
The entrance to Bishops Court can be found on the left hand side.
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
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