1-bedroom house · EX1 2JP
For saleReduced £5k (−6.7%) on 23 JulListed 459 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This smart modern retirement flat occupies a prime location within this small development.
The apartment is situated on the ground floor at the rear corner of the building and enjoys a quiet position as well as a dual aspect.
The property has a very pleasant outlook and door opening directly onto the well maintained gardens. Representing excellent value. No chain Material Information Tenure: Leasehold.
161 year lease from 17/01/2017 (153 years remaining) Each owner has a share of the freehold Service Charge £720 per quarter to include Buildings insurance Ground Rent: £50 per annum Ground Floor Retirement Apartment (Age 60+) Council Tax Band: A - Exeter City Council Situated in the Belmont Conservation Area Utilities: Mains Electricity, Drainage & Water.
No Mains Gas Flood Risk: Very Low Risk (Rivers & Seas) & Low Risk (Surface Water) & Medium Risk (2040-2060) Parking: Limited Residents Parking Area
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
Agent & docs
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FAQ
About 15, Cleveland Court, Exeter
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