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See how verdicts work2-bedroom house · EX4 6DH
Sold STCListed 496 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Nestled on Pennsylvania Road in Exeter, this delightful second-floor retirement apartment offers a perfect blend of comfort and convenience.
Spanning an impressive 721 square feet, the flat features two generously sized double bedrooms, making it ideal for those seeking a peaceful retreat.
The large lounge/dining room provides a welcoming space for relaxation and socialising, while the spacious bath/shower room and well-equipped kitchen cater to all your daily needs.
Kingsgate, is a highly sought retirement development for its prime position. Residents can enjoy easy access to a range of communal facilities, enhancing the sense of community and support.
The flat is conveniently situated within walking distance of Exeter's vibrant city centre, ensuring that shops, cafes, and amenities are just a short stroll away.
Additionally, a regular bus service is available just one hundred yards from the property, providing excellent transport links for those wishing to explore further afield.
For added peace of mind, the development features a dedicated 'live-in' Development Manager available Monday to Friday from 9am to 5pm, ensuring that assistance is always at hand.
This property is particularly suited for individuals or couples, with the flexibility that only one resident needs to be aged 60 or above.
This well-appointed apartment is perfect for those seeking secure independent living in a friendly environment.
Early viewings are highly recommended to fully appreciate the charm and convenience this property has to offer.
Reception Hall - 3.07m x 2.89m (10'0" x 9'5") - Irregular shaped room, average measurements only.
Lounge/Dining Room - 6.49m x 4.73m (21'3" x 15'6" ) - Irregular shaped room, maximum measurements only.
Kitchen - 3.11m x 2.39m (10'2" x 7'10") - Bedroom 1 - 3.66m x 3.64m (12'0" x 11'11") - Bedroom 2 - 3.61m x 3.07m (11'10" x 10'0") - Bath/Shower Room - 2.37m x 1.84m (7'9" x 6'0") - Lease Information - 99Yrs From 1989 - The original term of the lease started from 1st August 1989.
As of 2025 there are 63 years still remaining. Service Charge - £4,262.40 P.A.
- Service charge £355.20 PCM Information On Kingsgate - See Online - Outside, there are two main residence blocks, south block & north block which were built in 1989 with a total of 43 flats.
The residents have full access to residents' & visitors parking on a first come, first served basis.
There are well maintained communal grounds which include a 'sun trap' communal patio with well stocked borders providing an array of colourful shrubs and flora throughout the seasons.
Flat 226 is situated in the south block and the adjacent block (north block) hosts a variety of weekly entertainment events such as fish and chip nights, quiz nights and Saturday night film club, afternoon tea group, bingo etc.
The north block also provides a small library/reading room next to the lounge for the smaller social activities such as poetry and Holy Communion.
All residents have the use of the communal facilities which include the lifts, visitor/guest suite accommodation, a weekly hair salon and laundry room with several washing machines and tumble dryers.
N.B. Please note that as a couple, only one of you needs to be aged 60 or above. Ground Rent - £127.85 (Half Yearly) -
Value & comps
No previous sales on record.
Returns
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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.
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About Pennsylvania Road, Exeter
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