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See how verdicts work2-bedroom house · EX39 5FL
Listing removedListed 216 daysAuction 1 Jan · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Over 60s can secure this property with a Home For Life from Homewise Through the Home for Life Plan from Homewise, those aged 60 or over can purchase a Lifetime Lease and a share of the property value to safeguard for the future.
The cost to purchase the Lifetime Lease is always less than the full market value. Over-60s customers typically save between from 20% To 50%*.
Home for Life Plan guide price for Over-60s The Lifetime Lease price for this property is £234,500 based on an average saving of 33%.
Market Value Price: £350,000 The price you pay will vary according to your age, personal circumstances and requirements and will be adjusted to include any percentage of the property you wish to safeguard.
The plan allows customers to purchase a share of the property value (up to 50%) to safeguard for the future.
For an indication of what you could save, please use our calculator on the Homewise website.
Please call for more information or a personalised quote Please note: Homewise do not own this property and it is not exclusively for sale for the over-60s.
It is being marketed by Homewise as an example of a property that is currently for sale which could be purchased using a Home For Life Lifetime Lease.
If you are not over 60 or would like to purchase the property at the full market value of £350,000, please contact the estate agent Webbers. Property description No.
5 Kenwith Meadows is an immaculate detached 2 bedroom bungalow with open plan living.
The property has the benefit of ensuite to the master bedroom and a further shower room, fitted kitchen with integrated appliances, parking and patio area enjoying some beautiful countryside views.
Entering from the front, the main door opens into a central hallway with access to all principal rooms.
There is also a useful store room with space for a motorised buggy, together with an additional door opening back out to the front.
The heart of the home is the large open-plan lounge and dining area, which provides ample space for sizeable furniture and enjoys an abundance of natural light from the large windows.
An extension to the dining area offers further room for a larger table and chairs, with lovely views over the rear garden and surrounding countryside.
Leading off the dining area is the modern fitted kitchen, comprising a range of eye and base level units, as well as an electric hob, oven, integrated dishwasher, and fridge/freezer and washer/ dryer.
The property features two double bedrooms, positioned to the front and rear respectively.
The principal bedroom benefits from large fitted wardrobes and a modern en suite bathroom with WC, wash basin, and bath with shower over.
Completing the accommodation is a separate shower room accessed from the hallway, fitted with a close-coupled WC, wash basin, and walk-in shower.
Outside, the bungalow enjoys access to large communal gardens for residents to enjoy, along with a newly built pavilion providing a wonderful social space for the community to meet for tea and coffee.
There is also a stocked shop available for residents? Convenience. There is a designated parking space, and also numerous visitor parking spaces throughout the development.
Kenwith Meadows offers the ideal solution for being able to live independently but with the security of knowing that every facility you could possibly need in advancing years is conveniently available.
Agents note Nb. The property is leasehold with the balance of a 999-year lease which commenced on the 1st January 2023. The freeholder is Care South who provide a managed retirement community.
The service charge for the development, which includes maintenance of all the common areas, gardens, grounds and facilities as well as up to 1 ?
Hours of weekly care, is currently ?3,127.80 per annum for the annual charging period 1st July 2025 ? 30th June 2026. This can be paid in monthly instalments if required.
Purchasers must meet qualifying age (65+) and care criteria. The freeholder has first refusal on resale and a 3% fee applies on any future open market sale.
Pets are allowed but are subject to written consent. Further details and information available upon request.
The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations.
All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents.
All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed.
Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose. Suitable as a retirement home.
Value & comps
No previous sales on record.
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Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 5 Kenwith Meadows, Abbotsham Bideford Devon, Bideford
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