1-bedroom flat · EX12 2PB
Listing removedListed 237 days
Opportunity summary
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About
One bedroom ground floor retirement apartment for the over 55's situated in the heart of Seaton's town centre, close to the town's amenities and shops.
11 Haven Court is a one bedroom retirement apartment situated in a well maintained development for over 55's in the centre of Seaton.
Built to a high standard by McCarthy & Stone, the apartments are a stone's throw away from the town's amenities and beach and include substantial communal areas including resident's lounge and kitchen area, laundry room, refuse room, lifts and landscaped gardens.
This property is situated on the ground floor however, there are stairs or a lift available to all other floors if required.
On entering number 11 there is an entrance hall leading off to all rooms, with an airing cupboard housing the water tank and a separate storage cupboard housing the consumer unit and electric meter.
There is a good sized living room/diner with wall mounted, modern log effect electric fire which leads directly to the kitchen.
French doors open to the communal outside space providing an additional entrance point and a chance to sit outside and enjoy the views overlooking the town and distant cliffs and countryside.
The kitchen is fully fitted with a range of matching base and wall units, laminate worktops and sink, alognside integrated undercounter fridge and freezer, fitted oven and hob.
There is a double bedroom, with fitted wardrobes with mirrored concertina dsoors, which enjoys similar views.
The bathroom is fully tiled and fitted with a bath with shower over, vanity unit with wash hand basin and WC.
The property benefits from a Care-line system linking call points throughout the apartment to the house manager as well as camera entry system and security alarms.
There is double glazing and electric heating throughout. Tenure: We are advised the property is Leasehold with a 125 year lease which commenced 01.07.2002.
Ground Rent: Approximately £804.86 per annum- can be payable in installments Service charges: £307.57 per month) to include the maintenance and upkeep of the building and all communal areas, use of communal facilities including laundry room and refuse, emergency alarm system, buildings insurance and staffing costs/house manager.
Parking: There is communal parking based on a first come basis. Council Tax: We are advised that this property is in Council Tax Band B. East Devon District Council. Tel:
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.
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About 11, Haven Court, Seaton
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