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See how verdicts work1-bedroom flat · EX2 5PW
For saleListed 41 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Beautiful 1 bedroom retirement apartment with direct garden access and sunny front room. No chain.
Full description A fabulous opportunity to acquire a purpose-built ground floor retirement apartment, ideally positioned within this popular development of 50 flats built by Mcarthy and Stone.
Occupying a highly convenient location close to a range of local amenities, including a doctors' surgery, Heavitree Park and regular bus services providing easy access into Exeter city centre, this well-presented apartment is offered in good decorative order throughout and is available with no onward chain.
A particular feature of this apartment is the direct access from the lounge/dining room onto the private patio and beautifully maintained communal gardens, providing an appealing and convenient connection to the outdoor space - especially desirable for a ground floor property.
The accommodation comprises a welcoming reception hall with storage cupboard, a comfortable lounge/dining room with direct garden access, a fitted kitchen, double bedroom with built-in/internal storage, and a shower room.
Meyer Court was built by the renowned retirement housebuilder McCarthy & Stone and comprises 50 apartments arranged over two floors.
Residents benefit from the reassurance of an on-site House Manager during office hours, together with a Careline service providing assistance outside of these hours.
The development also offers a range of attractive communal facilities, including a residents' lounge, library, guest suite, laundry facilities and residents' car park, all set within well-maintained communal grounds.
Viewing is highly recommended to appreciate the excellent location, well-presented accommodation and, in particular, the rare benefit of direct access from the apartment to the patio and communal gardens.
Material info # Verified Material Information ## Costs and tenure Tenure: Leasehold Lease length: 105 years remaining (125 years from 2006) Ground rent: £395/year Service charge: £3066/year Council tax band: B EPC rating: B ## The building Mid-terrace flat, standard construction Accessibility adaptations: Level access ## Services Mains electricity Mains water Mains foul drainage Mains surface water drainage Heating: None Heating features: Night storage Broadband: FTTP (Fibre to the Premises) Mobile coverage: O2 good, Vodafone great, Three good, EE great Parking: Communal Not in a controlled parking zone No disabled parking available ## Risks and restrictions Not a listed building Not in a conservation area No tree preservation order No environmental risks recorded All information is provided without warranty.
Contains hm Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The information contained is intended to help you decide whether the property is suitable for you.
You should verify any answers which are important to you with your property lawyer or surveyor or ask for quotes from the appropriate trade experts: Builder, plumber, electrician, damp, and timber expert.
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.
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FAQ
About 10 Meyer Court, Butts Road, Exeter
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