1-bedroom flat · EX3 0HF
For saleListed 119 days
Opportunity summary
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About
Beautifully presented ground floor retirement cottage forming part of the popular Grove House Retirement Complex.
Benefiting from its own private entrance, the property was comprehensively renovated in 2021 and now offers underfloor heating, a stylish fitted kitchen, modern bathroom, new flooring throughout and bespoke handcrafted furniture.
A superb turnkey home, ideally suited to comfortable and secure retirement living.
Descritpion A beautifully presented 1 bedroom ground floor retirement cottage forming part of the highly regarded Grove House Retirement Complex.
Grove House is an elegant Georgian Grade II Listed building comprising a small collection of retirement apartments and cottages.
Benefiting from its own private front door and convenient ground floor position, this delightful home has been comprehensively renovated to an exceptional standard in 2021, creating a stylish and comfortable living environment ready for immediate occupation.
The accommodation has been thoughtfully updated throughout and features energy-efficient underfloor heating, a contemporary fitted kitchen with quality units and integrated appliances, attractive new flooring throughout, and a modern bathroom suite.
Bespoke handcrafted fitted furniture further enhances the property, providing excellent storage solutions while complementing the character and charm of the home.
Designed with ease of living in mind, Grove Cottage offers well-proportioned accommodation, combining modern comforts with the security and community benefits of retirement living.
Residents benefit from a range of communal facilities including on-site resident management staff, a laundry room, residents' lounge, guest suite available to book for visitors, and beautifully maintained communal gardens with seating areas.
Shared parking is available on a first-come, first-served basis.
The property enjoys a peaceful setting within the development whilst remaining conveniently located and just a very short level walk to nearby Topsham shops.
Location Grove House enjoys an enviable position in the heart of Topsham, one of Devon's most sought-after estuary towns.
The development is situated just a short, level walk from an excellent range of local amenities, including independent shops, cafés, restaurants, a swimming pool and bowling green.
Topsham's picturesque quayside, vibrant community atmosphere and excellent transport links further enhance its appeal, making it an ideal location for those seeking a convenient and relaxed lifestyle.
Agente notes To the best of the Vendors knowledge, they have advised the following at the time of marketing: - Tenure: This apartment is leasehold Years Left Remaining: 85 Years Service charge: £325.00 Per Calendar Month Ground rent: £60 pa Management Company: Crown Property Management Electricity: Mains Gas: No Gas at the Property Heating: Wall Heater and Underfloor Heating Water: Mains Sewerage: Mains Council Tax Band: Council: Exeter City Council Parking: Residents Parking, Not Allocated Garden: Communal Garden Broadband speed: Full Fibre Broadband Available Mobile Signal: Several networks currently showing as available at the property including EE.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Grove Cottage, 12 Grove House, Fore Street, Exeter
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