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See how verdicts work1-bedroom flat · EX3 0HF
Listing removedReduced £20k (−13.8%) on 21 JunListed 246 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A 1-bedroom retirement apartment situated in the popular development of grove house! Open plan living with A fitted kitchen and A spacious lounge. Lovely communal gardens in the heart of topsham.
Situation Topsham is an ancient port situated 4 miles south east of the cathedral city of Exeter on the beautiful Exe Estuary.
With easy commuting and access to the M5, Topsham is also well served by bus and rail.
The useful branch line operates between the coastal town of Exmouth 7 miles away and Exeter St David’s, connecting it to the national network. Exeter airport is some 5 miles away.
Today, Topsham is considered a special place to live and boasts excellent local amenities including a school, outside swimming pool, bowling green, tennis courts, doctor’s surgery, sailing club, extensive range of independent shops together with numerous pubs, cafes and highly regarded restaurants.
It is also popular for its boating, cycling routes, antiques centre and bird watching nature reserve. Entrance into a communal hallway with one other property.
Door leading into the apartment with stairs rising (plenty of space for a stair lift) and ample coat storage. Hallway with doors to all rooms.
Good size bedroom with a window looking out to the communal areas and two spacious cupboards. Dual aspect open plan living area with a fitted kitchen, lounge area and a space for a dining room table.
Two windows looking out to Fore Street. Accessed from the living area is a modern shower room. Secondary double glazing throughout. Grove House offers excellent communal amenities.
Outside, residents can enjoy beautifully maintained gardens with seating areas, as well as shared parking available on a first-come, first-served basis.
Inside the main building, there are convenient washing and drying facilities, a communal lounge for social gatherings, and a guest bedroom that residents can reserve for their visitors.
The maintenance/service charge is £310.00 per month and the ground rent is £60 per annum paid quarterly. Remainder of a 199-year lease from 24 June 1986. Council Tax Band B.
For further information or to arrange a viewing, please contact our office.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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.
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About Flat 15, Grove House, Topsham
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