1-bedroom house · EX1 2JP
Listing removedReduced £7k (−8.5%) on 15 AugListed 98 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well presented ground floor flat situated within this small retirement complex located in a highly convenient position close to Belmont Park and Exeter city centre. Reception hall. Double bedroom.
Spacious shower room. Lounge/dining room open plan to kitchen. Access to communal garden from lounge/dining room. UPVC double glazing (installed 2016).
Updated electric central heating radiators (installed 2016). Beautifully kept and well maintained communal gardens and grounds. Extended leasehold. Viewing highly recommended.
Accommodation in detail comprises (All dimensions approximate) Communal front door, accessed via telephone intercom, to: Communal inner hallway Glass panelled door leading to communal courtyard.
Private obscure double glazed front door leads to: Flat 13 : Reception hall Electric radiator. Telephone intercom. Cloaks hanging space. Door to: Lounge/dining room 13’6” (4.11m) x 9’8” (2.95m).
Two electric radiators. Television aerial point. UPVC double glazed door, with matching side windows, providing access and outlook to communal garden.
Open plan to: Kitchen 9’8” (2.95m) x 7’6” (2.29m). Fitted with a range of matching base, drawer and eye level cupboards. Marble effect roll edge work surfaces with decorative tiled splashbacks.
Fitted electric oven. Four ring electric hob with filter/extractor hood over. Marble effect roll edge work surfaces with decorative tiled splashback. Fitted electric oven.
Four ring electric hob with filter/extractor hood over. Single drainer sink unit with modern style mixer tap and single drainer. Washing machine (included in sale).
Fridge and separate freezer (included in sale). UPVC double glazed window to front aspect with outlook over communal courtyard garden.
From reception hall, door to: Bedroom 12’8” (3.86m) into wardrobe space x 8’2” (2.49m). Electric radiator. Built in double wardrobe providing hanging space and shelving.
UPVC double glazed window to rear aspect with outlook over communal garden. From reception hall, door to: Shower room 8’6” (2.59m) x 8’2” (2.49m) maximum.
A spacious shower/wet room comprising low level WC. Wash hand basin. Part tield walls. Fitted electric shower unit. Extractor fan. Electric wall heater. Heated ladder towel rail.
Deep storage cupboard with fitted shelving. Obscure uPVC double glazed window to front aspect. Outside The property benefits from the well kept and maintained communal gardens and grounds.
Guest suite. Communal lounge. Tenure Leasehold. A lease term of 161 was granted in 2018..
Maintenance/service charge We have been advised that the current charge is £240 per month Ground rent We have been advised that the current charge is £50 per annum Material information Construction Type: Brick and cavity wall Mains: - Water, drainage, electric, gas Heating: Electric heating Mobile: Indoors – Current data from Ofcom website: Mobile: Outdoors – Current data from Ofcom website: Broadband: Current data from Ofcom website: Flood Risk: Current data can be found on the website: Mining: No risk from mining Council Tax: Band A (Exeter) Directions From Sidwell Street roundabout take the turning into Western Way and just after the zebra crossing turn left into Belmont Road and continue down taking the 2nd left into Grosvenor Place and proceed along taking the next right into Cleveland Court.
Viewing Strictly by appointment with the Vendors Agents.
Agents note The information given in these particulars is intended to help you decide whether you wish to view this property and to avoid wasting your time in viewing unsuitable properties.
We have tried to make sure that these particulars are accurate, but to a large extent we have to rely on what the seller tells us about the property.
We do not check every single piece of information ourselves as the cost of doing so would be prohibitive and we do not wish to unnecessarily add to the cost of moving house.
Once you find the property you want to buy, you will need to carry out more checks into the property than it is practical or reasonable for an estate agent to do when preparing sales particulars.
For example, we have not carried out any kind of survey of the property to look for structural defects and would advise any homebuyer to obtain a surveyor’s report before exchanging contracts.
If you do not have your own surveyor, we would be pleased to recommend one.
We have not checked whether any equipment in the property (such as central heating) is in working order and would advise homebuyers to check this.
You should also instruct a solicitor to check all legal matters relating to the property (e.g.
Title, planning permission, etc.) as these are specialist matters in which estate agents are not qualified. Your solicitor will also agree with the seller what items (e.g.
Carpets, curtains, etc.) will be included in the sale.
Please be aware that all measurements within these particulars are recorded with a sonic tape, and whilst every effort has been taken to ensure their accuracy potential purchasers are recommended to satisfy themselves before entering a contract to purchase.
Agents note money laundering policy Samuels Estate Agents are committed to ensuring that it has adequate controls to counter money laundering activities and terrorist financing activities, in line with the Money Laundering Regulations 2007.
Any prospective purchaser will be required to show proof of funds and identification. We ask for your cooperation on this matter in order that there will be no delay in the transaction.
EPC rating: D (29)
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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FAQ
About Cleveland Court, Grosvenor Place, Exeter
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