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See how verdicts work1-bedroom flat · EX10 8UU
Listing removedReduced £20k (−22.2%) on 21 JunListed 419 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
One bedroom retirement property located on the ground floor Homemeadows House was constructed by McCarthy & Stone (Developments) Ltd and comprises 44 properties arranged over 4 floors each served by a lift.
The Development Manager can be contacted from various points within each property in the case of an emergency.
For periods when the Development Manager is off duty there is a 24 hour emergency Appello call system. Each property comprises an entrance hall, lounge, kitchen, one or two bedrooms and bathroom.
It is a condition of purchase that residents be over the age of 60 years, or in the event of a couple, one must be over the age of 60 years and the other over 55 years.
Accommodation Front door leads to the Entrance Hall Illuminated light switch. Ceiling light point. Power point. Airing cupboard housing the insulated hot water cylinder with electric immersion heater.
Door leads to the Living Room Storage heater. Emergency pull cord. Power points to include telephone and TV aerial point. Wall light points.
An archway leads to the Kitchen Tiled and fitted with stainless steel single drainer sink unit with wall and floor cupboards and worktops. Power points. Electric cooker, micro-wave, space for fridge.
Ceiling light. Bedroom Built-in wardrobe. Illuminated light switch. Power points. Storage heater. Wall light points. Emergency pull cord.
Bathroom Tiled and fitted with suite comprising bath, emergency push buttton. WC with low level flush. Wash hand basin. Electric wall heater. Extractor fan.
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 5, Homemeadows House, Sidmouth
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