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See how verdicts work2-bedroom property · EX1 2RP
Sold STCListed 497 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well presented two bedroom second floor apartment in the popular Pegasus Court development in Heavitree offering independent retirement life.
Located within close proximity to local shops doctors surgery, this over 60's development benefits from communal lounge offering activities, laundry room and beautiful communal gardens.
EPC C, Council Tax Band C, Leasehold. NO ONWARD CHAIN COMMUNAL ENTRANCE COMMUNAL HALLWAY: Stairs and lifts to second floor. OWN FRONT DOOR TO..
ENTRANCE HALL: Electric heater, security pull chord, built in storage cupboards.
LOUNGE: 7.9m x 3.4m (25'11" x 11'2") , Double glazed doors to the juliet balcony, security pull chord, night storage heater.
KITCHEN: 2.30m x 2.0m (7'7" x 6'7") , Base cupboards and drawers with worktop over, sink and draier, built in oven and hob with extractor fan over, built in fridge and freezer, wall mounted cupboards.
BEDROOM 1: 4.9m x 2.9m (16'1" x 9'6") , Double glazed window, electric heater, loft access, security pull chord, built in wardrobe.
BEDROOM 2: 4.7m x 2.8m (15'5" x 9'2") , Double glazed window, electric heater, security pull chord.
SHOWER ROOM: Close coupled WC, wash hand basin, shower cubicle, security pull chord, airing cupboard housing hot water tank.
OUTSIDE: The apartment also benefits from lovely communal gardens filled with mature shrubs, plants and trees, with an areas laid to lawn and paved patio.
LEASE INFORMATION AGENTS NOTE: There is a restriction of 60 years of age or such other age as the Landlord may in its discretion permit. For more information please contact the office.
The house manager can be contacted from various points within the flat between the hours of 9:00am - 5:00pm, out of hours there is an emergency careline facility.
The communal facilities include residents' lounge, communal laundry, house manager, lift to all floors and delightful communal gardens. The development is accessible by wheelchair.
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
FAQ
About Pegasus Court, Heavitree, EX1
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