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See how verdicts work1-bedroom flat · EX12 2WF
For saleReduced £5k (−3.6%) on 31 JulListed 280 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A first floor, one bedroom retirement apartment with lift and stair access, close to the town centre.
Set in lovely grounds with additional communal facilities including a lounge offering a range of organised activities, laundry room and guest suite.
The Property: The communal hallway leads to a private front door into the entrance hall of number 43, which gives access to all rooms and a large airing cupboard with slatted shelves and a Pulsacoil water heater.
There is a good-sized living/dining room which has two windows looking towards Jubilee Mews.
A door opens to the kitchen which is fully fitted with matching base and wall units, with laminate worktops with sink, built-in oven, electric hob and under unit fridge and freezer.
The double bedroom has a window looking over the rear of the development and has built-in mirror fronted wardrobes.
There is also a fully fitted shower room with tiled walls, sink set above a vanity unit, WC and large walk-in shower. This property benefits from uPVC double glazing and electric heating.
About Jubilee Lodge: Jubilee Lodge was constructed by Churchill Retirement Homes and was completed in 2002.
All the apartments within the development are connected to an emergency care line which is staffed 24 hours per day, every day of the year.
In addition, there is a Lodge Manager who is on duty during the hours of 9am - 5pm Monday to Friday.
There is a communal laundry room and a furnished communal lounge offering a range of organised activities. A guest suite is available at a very reasonable rate.
Outside/Communal Facilities: There is a Residents' car parking area which is operated on a first come, first served basis. Communal gardens laid to lawn with a selection of mature trees.
Large patio area with seating and views over to Axe Cliff and the surrounding countryside. Tenure: Leasehold: 125 years, commenced April 2002. Service Charges: Maintenance Charge: Approx.
£2690 per annum. This covers buildings insurance, water, window cleaning, upkeep, laundry room usage and maintenance of all communal areas together with the services of the House Manager.
Ground Rent: £562.46 per annum What3Words: ///targeted.fruits.everyone Council Tax: We are advised that this property is in Council Tax Band B. East Devon District Council.
Services: We are advised that all mains services are connected.
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
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FAQ
About 43 Jubilee Lodge,, The Underfleet, Seaton
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