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See how verdicts work1-bedroom flat · EX4 6DH
For saleReduced £13k (−27.1%) on 3 OctListed 201 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Purpose built third floor one bedroom retirement flat, for over 60's, with resident management staff and emergency care alarm system close to City Centre.
Accommodation comprises; Entrance Hall, Living Room, Kitchen, Double Bedroom and Shower Room.
The whole site is accessible for wheelchair users and the in house facilities include; Lift, Lounge, Laundry, Garden, Hairdressing Salon, Library and an area dedicated to guests. No onward chain.
Entrance Hall With doors to the lounge, bedroom, bathroom. Large storage cupboard with hot water tank and shelving. Access to loft void above.
Telephone intercom system and electric night storage heater. Lounge 16' 0'' x 10' 3'' (4.885m x 3.119m) Front aspect uPVC double glazed window.
Feature fire place with wooden mantle, cove ceiling, telephone point, television point, electric night storage heater. Double doors through to the kitchen.
Kitchen 7' 11'' x 7' 10'' (2.411m x 2.383m) Fitted range of eye and base level units with stainless steel sink with single drainer, roll edge work surfaces, part tiled walls, integrated oven and hob with extractor fan above.
Plumbing for washing machine, further appliance space. Bedroom 12' 4'' x 9' 11'' (3.758m x 3.031m) Front aspect uPVC double glazed window.
Built in double wardrobe with hanging space and shelving, cove ceiling, television point, telephone point, wall mounted heater.
Shower Room Fully enclosed shower cubicle, low level WC, wash hand basin, tiled walls, shaving point, heated towel rail, wall mounted heater, extractor fan.
Tenure It is a condition of purchase that residents be over the age of 60 in order to qualify to purchase. Tenure - Leasehold (104 years remaining).
Management Charges for 2023 - £3,490.58 to include buildings insurance and all water charges. Ground Rent - £100 paid every six months.
Council Tax Band - B, Exeter City Council Existing pets generally accepted (subject to terms of lease and Freeholders permission etc).
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.
Area
Agent & docs
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FAQ
About 310 Kingsgate House, Pennsylvania Road, Exeter
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