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See how verdicts work2-bedroom house · EX2 6FL
For saleListed 38 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description This bright and spacious modern mid-terrace retirement cottage is situated within the exclusive gated setting of Millbrook Village, offering a wonderful combination of independent living, comfort and an excellent range of facilities on hand.
The well-presented accommodation comprises an entrance hall leading to a modern fitted kitchen with a comprehensive range of units and integrated appliances, together with a light and airy open-plan living/dining room.
From here, doors lead through to a delightful garden room, which in turn provides access to the private patio, creating a lovely space to enjoy the garden and outdoor surroundings.
A ground floor shower room provides additional convenience, while on the first floor are two generous double bedrooms, both benefiting from fitted wardrobes and en suite facilities.
Residents of Millbrook Village enjoy access to an exceptional selection of communal amenities, designed to provide both leisure and convenience.
These include a relaxation pool, restaurant, gym and studio, library and cinema, together with a concierge and chauffeur service.
The combination of the beautifully maintained surroundings, impressive facilities and secure gated setting makes this an appealing retirement home for those looking for a sociable and well-supported lifestyle.
Situation Situated between St Leonards and Countess Wear, Millbrook Village is ideally positioned for the delightful walks and cycle paths along the River Exe with a regular bus service from nearby Topsham Road into the city centre.
The Cathedral city of Exeter has a wide range of retail and leisure facilities whilst the Nuffield and rd&E hospitals are also nearby.
Directions From Exeter, take Topsham Road and proceed through the traffic lights at the bottom of Barrack Road.
At the next set of traffic lights turn right into Millbrook Lane where the gates to Millbrook Village can be found on the left.
What3Words: ///learns.studio.retire Services: The vendor has advised the following: Mains electricity (serving the central heating and hot water), mains water and drainage.
Telephone landline currently under Contract to Sky. Broadband is currently in contract with Sky.
Estimated Standard speed 6 Mbps / Superfast speed 80 Mbps and Ultrafast speed 1000 Mbps currently under Contract with Sky.
Mobile signal: Several networks currently showing as available at the property, Including 02, EE, Three and Vodafone not currently under Contract.
Agents Note: The vendor advises that the property is Leasehold with a 125 year Lease from and including 1 October 2013.
As is standard with ‘retirement village’ properties the buyer will need to be a ‘qualifying person’. Millbrook Village Management Ltd.
Current quarterly service charge 2026/27 is £2,757.83 which includes buildings insurance, communal grounds maintenance, external window cleaner, gardener, and a weekly cleaner, and use of the Clubhouse facilities.
The current Ground Rent is £390 p.a. There is also a percentage payment which all sellers make on completion which the Agent understand contributes to a ‘sinking /working fund’ for the development.
Please ask the Agent for a copy of the Lease for further details.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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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.
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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
FAQ
About 5, Teal Way, Millbrook Village
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