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See how verdicts work1-bedroom flat · EX20 1FN
For saleListed 26 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located on the first floor, this well presented retirement apartment has access out on to a pretty balcony with a North/Westerly aspect looking out over the front of the development, and a separate dressing area/office off the double bedroom.
*Energy Efficient* *Pet Friendly* Rivers Edge Court Constructed in early-2010 by award-winning retirement home specialists McCarthy and Stone, Rivers Edge Court is a ‘Retirement Living’ development providing an exceptional quality-of-lifestyle opportunity for the over 60’s and designed for independent living with the peace-of-mind provided by the day-to-day support of our excellent House Manager.
Rivers Edge Court enjoys excellent communal facilities including a homeowner’s lounge, laundry, scooter store and landscaped gardens.
All apartments are equipped with a 24-hour emergency call facility and sophisticated intercom system providing both a visual and verbal link to the main development entrance.
There is also the excellent guest suite widely used by visiting family and friends for which a small charge per night applies.
It’s so easy to make new friends and to lead a busy and fulfilled life at Rivers Edge Court; there are always plenty of regular activities to choose from including; regular coffee mornings, knitting group and organised coach trips.
Whilst there is something for everyone there is certainly no obligation to participate and home owners can, of course, remain as private or involved as they wish.
The Local Area As the development name implies it is in a tranquil Riverside setting adjacent to the River Okement with mature trees and shrubs around.
We have previously described the development as 'unique' to reflect a location that in so many way feels quite rural but in reality is only a few minutes walk from a Waitrose supermarket with Okehampton High Street, it's cafes, banks, pubs, restaurants, two further supermarkets and two independent shopping arcades just a further short flat walk away.
42 Rivers Edge Court 42 Rivers Edge Court is a well-presented first-floor apartment, ideally positioned close to the lift for added convenience.
The property offers a spacious living room with glazed doors opening onto a north-west facing balcony, enjoying views across the front of the development.
The well-equipped kitchen provides a practical and sociable space, while the generous double bedroom benefits from a separate dressing area and a range of fitted wardrobes, providing excellent storage.
The bathroom is fitted with a double-width shower, and there is also a useful walk-in utility/store cupboard.
An appealing apartment combining generous accommodation, excellent storage and a desirable balcony.
Parking Private car parking is available with a yearly permit at an annual charge of around £250 per annum (subject to availability) Social Lifestyle The Communal Lounge is at the heart of the community at Rivers Edge Court and is where the majority of social gatherings take place.
Regular activities can include; coffee mornings and afternoons, games nights, Chair Yoga, quiz and movie nights.
They're a perfect opportunity to meet your neighbours and make new friends, but there's never any obligation to join in, you can socialise as much or as little as you want.
Landscaped Gardens The communal lounge opens onto beautiful, landscaped gardens with seated areas overlooking the River Okement, offering a scenic place to relax and chat with friends, particularly in the summer months.
All communal areas are maintained by Your McCarthy Stone, so you can relax and enjoy them with new found friends.
Additional Information & Services • Superfast Fibre Broadband available • Mains water and electricity • Electric room heating • Mains drainage Service Charge What your service charge pays for: • House Manager who ensures the development runs smoothly • All maintenance of the building and grounds, including window cleaning, gardening and upkeep of the building exteriors and communal areas • 24hr emergency call system • Monitored fire alarms and door camera entry security systems • Maintaining lifts • Heating and lighting in communal areas • Contingency fund including internal and external redecoration of communal areas • Buildings insurance, water and sewerage rates The service charge does not cover external costs such as your Council Tax, electricity or TV.
Find out more about service charges please contact your Property Consultant or House Manager. Service Charge: £2,535.83 per annum (for financial year ending 28/02/2026).
Ask about our free entitlements service to find out what benefits you may be entitled to to support you with service charges and living costs. (Often offset by Government Entitlements e.g.
Attendance Allowance £3,500-£5,200pa).
Lease Lease: 125 Years from 1st June 2010 Ground rent: £425 per annum Ground rent review: 1st June 2025 Moving Made Easy Moving is a huge step, but don’t let that hold you back.
We have a range of services to help your move go smoothly, including: • free Entitlements Advice to help you find out what benefits you may be entitled to that can assist with service charges or living costs.
• Part Exchange service to help you move without the hassle of having to sell your own home. • Removal Services that can help you declutter and move you in to your new home.
• Conveyancing specialists who are experienced with sales and purchases of McCarthy Stone retirement properties. For more information speak with our Property Consultant today.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 42 Rivers Edge Court, Oaklands Drive, Okehampton
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