1-bedroom flat · EX14 1NU
For saleReduced £10k (−7.4%) on 29 SepListed 81 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A 2nd floor 1 bedroom retirement appointment which has recently been refurbished.
No chain This larger-style one-bedroom apartment has recently refurbished accommodation comprising a hallway, double bedroom with fitted mirrored wardrobes, shower room, attractive fitted kitchen, and a bright, spacious lounge.
Ideally positioned at the front of the development, the apartment enjoys far-reaching views.
Heating is supplied by hot water radiators powered by a communal air source heat pump, with the cost included in the service charge.
The property also benefits from car parking, communal gardens, and a 125-year lease commencing 1 May 2014.
Complex features include a lodge manager, owners’ lounge/kitchen, guest suite, communal laundry, lift access to all floors, 24-hour emergency Careline system, video door entry linked to the owner’s TV, and a Wellbeing Suite offering hairdressing and beauty treatments for residents, with charges applying.
Holyshute Lodge is a beautiful development of 41-one-and-two-bedroom retirement apartments located in the historic market town of Honiton.
The development, which was built by Churchill Retirement Living, is well located on the edge of the town centre, ideally placed for the High Street which is home to a number of independent and specialist shops.
The town is also host to a street market every Tuesday and Saturday with stalls offering fresh produce, flowers, plants, clothing, jewellery, bric-a-brac, crafts and antiques.
Getting out and about in Honiton couldn't be easier. The town is well served by public transport and is on the main Exeter to London rail line.
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
FAQ
About Apartment 41, Holyshute Lodge,, Langford Road, Devon
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