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See how verdicts work2-bedroom property · EX1 2RP
Sold STCListed 518 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Possibly one of Exeter's best retirement flats, with French doors opening onto landscaped grounds, two double bedrooms, a good sized double shower room and spacious living accommodation, this first floor apartment is well positioned within the prestigious development of Pegasus Court.
Located in North Street, the complex offers easy access to Heavitree's local amenities, which include various supermarkets, a Post Office, cafes, pubs, take-aways and Heavitree Park.
There are also good bus links into the city.The internal accommodation briefly comprises an entrance hallway, a generous living room/diner, kitchen, two double bedrooms, a spacious Shower room room.
Externally, there is the advantage of use of the pleasant communal gardens,Exclusively available to residents aged 60 and above, the development itself benefits from residents car park, a site manager, along with a 24 hour careline system, a communal lounge, laundry room, and a guest suite available for visiting relatives.
With no onward chain, the pleasant location, this flat is a fantastic opportunity and further viewing is highly recommended.
Accommodation Upon entering Pegasus Court through the communal entrance, apartment 17 is located on the first floor which can be accessed via a set of stairs or an elevator.
A lovely spacious entrance hallway with 2 separate storage cupboards and doors leading to the Living room/Diner, at the end of this room are French doors opening to the Juliette style balcony overlooking the communal gardens.
A fitted kitchen with a range of base and eye level units also over looking the rear complex. Both of the bedrooms are of a double size, bedroom 2 is currently being used as a separate dining room.
The shower room has a walk in double sized shower and a separate cupboard for storage.
Exclusively available to residents aged 60 and over, Pegasus Court provides ample parking for residents and their guests. There is a Manager who lives onsite with a 24 hour careline system.
Also benefitting from a large communal lounge, laundry room and guest suite available for visiting relatives.
Provided with no onward chain, viewing of this delightful retirement apartment comes highly recommended.
Property Information Tenure: Leasehold (the vendor has informed us that the lease length is 125 years from 30th September 2000, and that the current maintenance charges are £1,749.92 per half year, along with a ground rent of £224.50 per half year).
Council tax band: C.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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.
Area
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FAQ
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