1-bedroom flat · EX10 9FN
For saleListed 48 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This immaculate apartment is situated on the top floor of this popular retirement development and enjoys an excellent outlook towards the countryside that surrounds the Sid Valley and beyond.
Lockyer Lodge is a highly regarded retirement development that was constructed in 2021.
The development is located in the heart of Sidford and within comfortable walking distance to a selection of useful amenities, The Byes, and is only a few paces from the nearest bus stop.
The apartment is presented in excellent order throughout and comprises a welcoming entrance hallway with two useful storage cupboards.
The living/dining room is a pleasant reception space with an attractive electric wood effect fire with a surround and mantle, and a large window that enjoys the best of the views towards the north-east fringes of the Sid Valley and the countryside that lies beyond.
The kitchen, which adjoins the living/dining room, offers a stylish selection of base and wall mounted units with a range of integral appliances.
A window to the side enjoys a similar outlook to the window in the living/dining room. The bedroom is a comfortably sized double room that also features a window that enjoys an excellent outlook.
There is a large walk-in wardrobe to one side with a range of fitted rails and shelving.
The shower room has been fitted to a high standard, comprising a large shower cubicle, a basin with fitted storage below and vanity unit above, a low level wc with a concealed cistern, and a heated towel rail.
The grounds surrounding the development are all maintained to a high standard with ample residents' parking to the rear.
Other communal areas include the owners' lounge and coffee bar, with patio doors opening onto a paved terrace.
Additional features include a guest suite, lodge manager, and 24-hour support system for peace of mind. Viewing By prior appointment with Redferns on tenure Leasehold. 999 years 1 December 2020.
Pets require prior permission from the Freeholder. Service charge The current service annual charge is £3680.84, plus ground rent of £575 (paid in 6 monthly installments).
The service charge includes water and sewerage rates, heating and hot water, gardening, window cleaning, and all communal services.
Service charges are liable to change, you should therefore check the position before making a commitment to purchase.
Outgoings Council Tax Band C (as per Website at the date of first listing) mobile and broadband coverage Broadband is connected to this property, for specific checks, please use this link agents note Data protection act of 2017.
We are now required to obtain proof of id and proof of residence for any prospective purchaser before formally agreeing a sale.
Photographic identification such as passport or driving licence, proof of residence, utility bill, council tax or official Inland Revenue correspondence important notice 1.
Every care is taken in preparing these particulars, but they do not constitute nor constitute any part of an offer or a contract.
They are prepared in good faith, but they are for guidance only and intended to give a fair description of the property. 2.
Statements contained in these particulars are not to be relied on as statements or representations of fact and are made without responsibility on the part of the agents or vendor.
An intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each statement.
The vendor does not make or give, and neither the agents or their employees have authority to make or give any representation or warranty in relation to the property or its use. 3.
Any reference to alterations to, or use of any part of the property is not a statement that any necessary planning, building regulations or other consent has been obtained.
These must be verified by any intending purchaser. 4. All properties are offered subject to contract and being unsold.
No responsibility can be accepted for any expenses incurred by any intending purchaser in inspecting any property which has been sold, let or withdrawn.5.
The photographs show only certain parts and aspects of the property at the time they were taken. Any areas, measurements or distances given are approximate only. 6.
Descriptions of a property are inevitably subjective, but we endeavour to make our particulars accurate.
If there are any points of particular importance, please contact us before viewing, and we will be pleased to check or clarify information.
Redferns is a trading name of Redferns Ottery St Mary Limited Registered in England and Wales 4817078 Registered Office 8 Mill Street, Ottery St Mary, EX11 1AD
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 Apartment 29, Lockyer Lodge, Sidmouth
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