2-bedroom flat · EX36 4FL
Sold STCReduced £40k (−18.2%) on 2 JulListed 451 days
Opportunity summary
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About
Situated within a sought after exclusive development close to the town amenities, a well proportioned two bedroomed flat for the over 60s with car parking available. Offered with no onward chain.
Constructed in 2016 by award-winning retirement homes specialist McCarthy & Stone and benefiting from the remainder of a 10 year warranty, this well appointed and energy efficient two bedroom second floor town flat creates an ideal home within a safe and secure environment.
Designed exclusively for the over 60’s this retirement development of 33 homes benefits from landscaped communal gardens, option of private parking, a homeowners lounge and even a guest suite for friends and family to stay.
The flat also provides a secure door entry system, 24hr emergency call system together with an on site house manager. 26 Squire court has a unique device which makes the flat door open with ease.
The accommodation briefly comprises a welcoming entrance hallway with a shower room to the right.
The spacious living room has a double glazed door leading out to the balcony, which provides a lovely private seating area.
A well appointed kitchen contains a range of contemporary base cupboard and drawer units with work surface over and further matching wall cupboards.
There is an inset stainless steel sink and integrated four ring electric hob, waist level oven and built-in fridge and freezer.
Bedroom 1 is a large double bedroom with ample natural light, with a shower/wet room to accompany and a desirable walk in wardrobe.
Bedroom 2 is a spacious double bedroom that comes, with a fitted wardrobe. Across the hallway from bedroom 2 is walk in storage, with a washing machine/dryer and built in shelves.
For layout and approximate room measurement please see the enclosed floorplan. Services & outgoings We understand that all mains services are connected to the property, under floor heating.
North Devon Council: Tax Band C. The property is leasehold on a 999 year lease from 1st January 2016. Annual ground rent £ 495.
An annual service charge is payable to include:- Cleaning of communal windows Water rates for communal areas and apartments.
Electricity, heating, lighting and power to communal areas 24-hour emergency call system Upkeep of gardens and grounds Repairs and maintenance to the interior and exterior communal areas Contingency fund including internal and external redecoration of communal areas Buildings insurance The service charge does not cover utility/external costs such as council tax, electricity or TV licence but does include the cost of the house manager, water rates, the 24-hr emergency call system, heating and maintenance of all communal areas, exterior property maintenance and gardening.
For further information on the current service charge please contact the Agents.
Additional information Broadband: Fibre to the cabinet broadband is available-highest available download speed 76 Mbps, highest available upload speed 15 Mbps. (Openreach).
Mobile Coverage: Available via EE, O2, three and vodafone. For an indication of specific speeds and supply or coverage in the area we recommend contacting your own provider.
Flooding: The property is in an area at a very low risk from River/Sea and Surface Water flooding (defined as the chance of flooding each year as less than 0.1%).
Construction Type: Standard Squire Court occupies a convenient location just a short distance from the local shops, schools, community woodland, churches and other amenities.
Barnstaple and Tiverton are both easily accessible via the A361 North Devon link and offer a wider range of facilities, together with further schooling and entertainments.
Exeter is within 40 minutes travelling distance, whilst Junction 27 of the M5 motorway and Tiverton Parkway Station are both approximately 30 minutes distant providing fast access to the rest of the country.
International airports are available at Exeter and Bristol.
The market town of South Molton is located just to the south of Exmoor and is surrounded by delightful countryside offering a wide range of recreational pursuits including miles of walks, riding and cycling both on the moor itself and in the neighbouring environment.
Fishing can be enjoyed on the rivers Taw, Torridge and Mole and the dramatic North Devon coastline is within 40 minutes travelling distance with a variety of locations ranging from quiet bays and coves such as Lee Bay and Woody Bay to the renowned surfing beaches of Woolacombe, Croyde and Saunton Sands.
Golf courses may be found at Tiverton and Barnstaple, together with Links courses at Saunton Sands and Westward Ho!
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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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FAQ
About Apartment 26, Squire Court,, Raleigh Mead, Devon
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