2-bedroom flat · EX15 1XY
For saleReduced £25k (−9.1%) on 9 SepListed 78 days
Opportunity summary
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About
*Watch the Seddons Video Tour* A two bedroom ground floor retirement flat, in a superb position, overlooking beautifully landscaped lawned gardens with private patio and within easy walking distance of the doctors surgery and town centre.
No onward chain. This modern apartment is well designed, with a stylish, contemporary finish, offering light and spacious accommodation with lovely views over the gardens.
Foxglove Place is a modern retirement complex, completed in 2023 offering excellent communal facilities, such as a stylish residents lounge, a guest suite, for visiting friends and family (a small charge per night applies), a mobility scooter store and beautiful landscaped communal gardens.
A house manager oversees the smooth running of the development and there is also a 24-hour emergency call system in the apartments.
The dual aspect living room has access out on to a small patio area and the modern kitchen offers a range of integrated appliances.
Both bedrooms are of a double size and the master bedroom has a walk in wardrobe. The modern shower room offers a level access shower and there is a good size utility/store off the entrance hall.
A security intercom system provides a verbal link to the main entrance door, plus there is an emergency call system.
Walk-in utility cupboard with washer/dryer, 'Vent Axia’ heat exchange unit and a separate cupboard houses the Gledhill water cylinder supplying hot water.
Service Charge: £5,678.03 per annum (up to financial year end 31/08/2026). Services: Mains electricity, water & drainage. Council Tax: Band B - Mid Devon District Council. Tenure: Leasehold.
Lease Information - 999 Years from the 1st January 2023 Ground rent: None payable Please check these figures with your solicitor in the first instance to ensure they are correct.
Foxglove Place is ideally placed for easy access to the town centre and doctor's surgery, with quick access to Exeter via Junction 28 of the M5.
Cullompton offers local shops, including 'Veyseys', an award-winning butcher's, Tesco, Aldi and Home Bargains supermarkets, take-aways and popular cafes including, 'The Bakehouse', 'The Lime Tree' and 'Nosh'.
Other amenities include two primary schools, Cullompton Community College for secondary education, a contemporary health centre, a library and community centre, a doctor's surgery, a veterinary practice, churches, sports clubs, pubs, and recreation facilities.
Locally, there is a popular walk through the river meadows, adjoining the River Culm, and other routes along the town’s leat and surrounding country lanes.
Cullompton is ideally placed for commuting, with quick access to Exeter via J28 of the M5 or the B3181 main road through Broadclyst and Pinhoe.
There are regular bus services through the town and rail links at Tiverton Parkway and Honiton stations, to London Paddington (in 2 hours) and London Waterloo, respectively.
The 'Falcon' coach service also stops in the town, providing economic travel between Plymouth and Bristol, with stops in between, including Bristol Airport. Exeter c.14 miles Taunton c.
23 miles Tiverton c. 7 miles Tiverton Parkway Station c. 6 miles Honiton c. 11 miles Please see the floor plan for the dimensions.
The internal photos have been taken with a wide-angle lens to show more of the rooms.
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.
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FAQ
About Flat 6, Foxglove Place, 1, Willand Road, Cullompton
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