1-bedroom flat · EX8 2BH
For saleListed 470 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Admirals Court was constructed by McCarthy and Stone and comprises of 38 properties arranged over three floors, each served by a lift and stairs.
There are superb communal facilities which include a residents lounge, laundry room, library, a guest bedroom suite and attractive communal gardens.
The house manager can be contacted from various points within each property in case of an emergency.
For periods when the house manager is off duty there is a 24 hour emergency careline response system. It is a condition of the purchase that residents be over 60 years of age.
The accommodation comprises: Communal entrance with door security system giving access to communal areas with stairs and lift to all floors.
This apartment is located on the first floor and approached via own private front door with letter box and spy hole leading to the: Reception hall: Intercom system with elegancy care line cord; storage cupboard housing electric meter and electric consumer unit; coved ceiling.
Lounge/dining room: 18' 0" x 14' 7" (5.49m x 4.44m) maximum narrowing at one end to 8' 9" (2.67m).
A spacious 'L' shaped room with recently installed uPVC double glazed window and double glazed door leading to a juliette style balcony which overlooks the communal gardens to the front of the property; television point; telephone point; modern electric radiator; emergency care line cord; coved ceiling; glazed doors with patterned glass leading to the: Kitchen: 9' 0" x 5' 9" (2.74m x 1.75m) Fitted with a range of patterned work top surfaces with tiled surrounds; range of base cupboards, drawer units and appliance space beneath; inset single drainer sink unit; inset four ring electric hob with extractor hood over; built-in oven with cupboards above and below; wall units at eye-level; electric wall heater; emergency care line cord; recently installed uPVC double glazed window to front aspect.
Bedroom: 13' 6" x 8' 9" (4.11m x 2.67m) A good size bedroom with uPVC double glazed window overlooking the front aspect; built-in mirror fronted wardrobes; modern electric radiator; television point; telephone point.
Shower room/WC: Comprising of an over-sized shower cubicle with shower unit, hand rails and splashback walls; wash hand basin set in display surface with cabinet beneath, fitted mirror with light/shaver socket over; WC; chrome heated towel rail; fully tiled walls; extractor fan; electric wall heater; coved ceiling; access to airing cupboard with light connected, slatted shelving and housing the electric boiler.
Outside: Admirals Court stands in attractive and well kept communal grounds and also benefits from a residents parking area where spaces are subject to availability.
Tenure and outgoings: The property is held on a 125 year lease from 1st October 2002. We understand that the service charge is currently £3820.58 per annum (£1910.29 paid six monthly.
Ground Rent: £838.20 per annum (£460.10 paid six monthly).
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 23 Admirals Court, Rolle Road, Exmouth
Explore nearby