2-bedroom flat · EX8 2EP
Sold STCListed 60 days
Opportunity summary
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About
Beautifully Presented Two Bedroom Ground Floor Apartment with Garage & Communal Gardens Situated within the highly sought-after Pentgrove Court development for the over 50s, this beautifully presented two-bedroom ground floor apartment offers stylish, low-maintenance living in a peaceful and well-maintained setting.
Having been tastefully decorated throughout, the property is ready to move into and provides an excellent opportunity for those seeking a comfortable home close to Exmouth's amenities and coastline.
The accommodation comprises a welcoming entrance hall leading to a bright and spacious living/dining room, creating an ideal space for both relaxing and entertaining.
The modern fitted kitchen is well-appointed with a range of contemporary units, ample worktop space and includes an integrated Neff oven and hob, offering both practicality and style.
There are two well-proportioned bedrooms, including a generous principal bedroom and a versatile second bedroom that could serve equally well as a guest bedroom, hobby room or study.
The apartment is further complemented by a modern shower room finished to a high standard.
Externally, residents benefit from attractive communal gardens, providing beautifully maintained outdoor space to enjoy throughout the year.
These well-kept grounds create a pleasant environment for residents to relax and socialise. A garage provides valuable secure parking and additional storage.
Pentgrove Court enjoys a convenient location on Stevenstone Road, with local bus services nearby providing easy access to Exmouth town centre, the seafront and surrounding areas.
Exmouth offers an excellent range of independent shops, supermarkets, cafés, restaurants, healthcare facilities and leisure amenities, while the stunning beach, marina and South West Coast Path are all within easy reach.
Lease & Management Information: - Share of Freehold (1/8th share) - 999-year lease from June 2022 - Approximately 997 years remaining - Annual service charge: £1,320 - Next review date: 1st April 2027 - Managed by Stevenstone Management Company - No known service charge increases currently advised - Council Tax Band: C Restrictions: - Residents must be aged 50 years and over - Some pets may not be allowed.
- No business may be operated from the property - Boats, caravans and mobile homes are not permitted to be kept on the development A superbly presented ground floor apartment offering spacious accommodation, a garage and attractive communal gardens, all within a desirable over-50s development conveniently located for Exmouth's excellent amenities, public transport links and beautiful coastline.
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 Flat 1 Pentgrove Court, 4, Stevenstone Road, Devon
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