We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom flat · EX4 1AB
Sold STCReduced £10k (−6.9%) on 25 OctListed 470 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A ONE BEDROOM RETIREMENT APARTMENT LOCATED ON THE GROUND FLOOR Carousel Court was constructed by McCarthy & Stone (Developments) Ltd and is located in the St Thomas district.
The development comprises 39 properties arranged over 3 floors each served by 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 response 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 55 years. Please speak to our Property Consultant if you require information regarding Event Fees that may apply to this property.
ENTRANCE HALLWAY Power point, intercom, intruder alarm, cupboard housing electricity meter, emergency pull cord.
LOUNGE WITH PATIO DOOR Storage heater, emergency pull cord, light points, power points, TV and phone points. Cupboard housing water boiler. Electric fireplace and surround.
Patio door leads to small paved patio area and communal gardens. KITCHEN WITH WINDOW Part-tiled and fitted with wall and base cabinets, sink, built-in cooker and hob.
Fridge and Freezer to remain as part of the sale. Extractor fan, emergency pull cord, electric fan heater and power points.
BEDROOM WITH WINDOW Built-in wardrobe with hanging rail and shelf over. Storage heater, power points, emergency pull cord. TV and phone points.
SHOWER ROOM Tiled and fitted with suite comprising shower cubicle, low level WC, hand wash basin. Heated towel rail, emergency pull cord, electric fan 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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Carousel Court (Exeter), St Thomas
Explore nearby
