2-bedroom flat · EX2 5TQ
For saleReduced £10k (−6.3%) on 15 SepListed 100 days
Opportunity summary
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About
This well-appointed two-bedroom ground floor retirement flat presents an excellent opportunity for those seeking comfortable and convenient living in the popular area of Heavitree.
The property features a thoughtfully arranged layout, including a welcoming lounge that offers a versatile space for relaxing or entertaining.
The flat benefits from a shared garden, alongside a private patio area, providing outdoor space for residents to enjoy, whilst the surrounding grounds are maintained for shared use.
The accommodation is complemented by a modern shower room and two bedrooms. The flat is equipped with efficient electric heaters to ensure comfort throughout the year.
Residents benefit from communal parking within the grounds, supporting ease of access for both personal cars and visitors. The property is offered on a leasehold basis.
With a focus on practicality and modern living, this flat combines key amenities with a straightforward layout, making it suitable for a range of occupants, including professionals or those seeking to downsize.
Residents need to be aged 60 or above to be able to live at Mowbray Court. As a couple, only one of you needs to be aged 60 or over to reside at Mowbray Court, the other occupant needs to be over 55.
Ground Rent: £800p.a Service Charge: £3500p.a Mowbray Court Mowbray Court is a highly regarded retirement development, renowned for its beautifully maintained grounds and picturesque setting, surrounded by mature trees.
Widely considered one of Exeter’s most desirable retirement communities, it offers a peaceful and attractive environment for residents.
Situated in the popular and sought-after area of Heavitree, the development benefits from excellent access to a wide range of local amenities and convenient public transport links.
Exeter city centre is just over a mile away, offering an outstanding selection of shops, restaurants, leisure facilities, bus and rail connections, as well as the city's iconic Cathedral.
Local area Heavitree is a well-regarded area of Exeter, Devon, known for its blend of residential comfort and access to local amenities.
The neighbourhood offers a variety of shops, healthcare facilities, parks, and schools, supporting a vibrant yet peaceful environment.
Excellent transport connections provide convenient access to Exeter city centre and surrounding areas, making it a desirable location for those seeking balance between urban facilities and a sense of community.
EPC rating: D.
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 2, Mowbray Court, Exeter
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