1-bedroom flat · EX20 1FN
Listing removedListed 359 days
Opportunity summary
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About
Description Rivers Edge Court is a modern purpose built complex of retirement apartments for the over 60's.
Offering a range of facilities the 59 apartment owners have access to a pleasant Home Owners Lounge, 24hr Careline System & spacious Laundry/Utility Room.
This particular apartment offers one double bedroom, fitted kitchen, a lounge/dining room and a Shower room. There are attractive communal garden areas and pleasant river views over the River Okement.
Rivers Edge Court is ideal for independent living with the comfort, security and peace of mind that retirement apartment environment offers.
Council Tax Band: B (South West Hams & West Devon Borough Council ) Tenure: Leasehold (110 years) Ground Rent: £425 per year (reviewed every 15 years) Service Charge: £2,535.84 per year Water and Building Insurance is included within Maintenance Fee.
Entrance Hall Store Room (1.8m x 1.3m) Living Room/Dining Room (6.0m x 3.1m) Kitchen (2.6m x 2.1m) Shower Room Walk in Shower Bedroom (5.3m x 2.7m) Outside Pretty Patio area leading to pathway.
Agents Note Rivers Edge Court has communal facilities including a homeowner’s lounge, laundry room, scooter store and pretty landscaped gardens.
All apartments are equipped with a 24-hour emergency call facility and intercom system. There is also a guest suite which can be used by visiting family and friends for a small charge per night.
Parking - Private car parking is available with a yearly permit at an annual charge of around £250 per annum (subject to availability)
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 19 Rivers Edge Court, Okehampton
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