1-bedroom flat · EX8 1BT
For saleListed 144 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A one bed ground floor flat, tucked away in a quiet location only a `stones throw` from Exmouth beach. Inside there is a spacious lounge, kitchen and bathroom with shower/bath.
Outside there is low maintenance, level garden with plenty of space for garden furniture. Access to front door via quiet courtyard at the back of 17 Morton Crescent.
The property is offered with no onward chain. This property would make an ideal home or investment property.
Please note there is a small parking space outside the property which has been rented by the owner for a nominal yearly sum from the management company; there is potential for this to be rented again by the new owner; this would have to be double checked with management at the time (the flat owner is a director also of said management company).
Key features * A Spacious One Double Bedroom Ground Floor Apartment * Own Private Enclosed Garden * Parking Space for Small Car a possibility via arrangement with Building Management * Spacious Bay Fronted Lounge/Dining Room Looking onto Garden * Fitted Kitchen * White Suite Bathroom * uPVC Double Glazing & Gas Central Heating * Ideal Location Close to Town and Seafront * Very Long Lease, * Share of Freehold and Property Company * No Onward Chain ACCOMMODATION COMPRISING: Front door leads to:- HALLWAY with access to:- KITCHEN: 2.95m x 1.47m; UPVC Double glazed window facing side of property, practical kitchen with a range of wall and base units, stainless steel sink, electric oven, tiled splash back, space for washing machine, tumble dryer, and a fridge/ freezer.
Built in Larder with plenty of space. LOUNGE/DINING ROOM: 4.95m Into Bay x 3.96m; UPVC Double glazed bay window to facing front garden, Space for small dining table and chairs.
Gas fireplace centre feature, radiator. BATHROOM: comprising wc, wash hand basin with mirror above, panel bath with shower attached to bath tap over, Tilled walls, extractor, and vinyl flooring.
Window to side aspect of building. DOUBLE BEDROOM: 3.02m x 2.95m; UPVC Double glazed window to side aspect, radiator, carpeted floor. Built in storage.
OUTSIDE; Low maintenance enclosed garden laid majority to paving slabs with room for garden furniture, small established flower borders.
PARKING: Parking space outside the property can be possibly be rented from the Property management company upon becoming a new director in said company.
AGENTS NOTES AND POINTS OF INTEREST: TENURE: Leasehold of 999 Years from 2016; Share of Freehold (Note there are 5 property units in the building as a whole) MAINTENANCE/SERVICE CHARGES: 10% of building costs arranged as and when with the other property owners in 17 Morton Crescent.
BUILDING INSURANCE: Approximately £120 Per Annum CHAIN: No SERVICES: All mains connected COUNCIL TAX BAND: A WATER METER: Yes what3words /// flattery.grinning.brush Notice Please note we have not tested any apparatus, fixtures, fittings, or services.
Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
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 Morton Crescent Mews, Exmouth, EX8
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