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See how verdicts work1-bedroom house · EX2 5PW
For saleReduced £9.5k (−7.3%) on 25 OctListed 675 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well presented 1 bedroom first floor apartment within one of Exeter’s most popular McCarthy and Stone retirement developments conveniently situated close to Heavitree shopping centre, bus stop and Heavitree Pleasure Park, arguably the most popular park in Exeter and now with vibrant café/community hub venue.
This impressive retirement complex has the attraction of a resident House Manager for added security and peace of mind, mobility scooter store, residents' car park and an excellent range of communal facilities & social events.
Private Entrance Hall - Lounge/Diner - 7.07m x 3.23m maximum (23'2" x 10'7" maximum) - Reducing at dining area to 2.06m (6'9").
Kitchen - 2.32m x 2.15m (7'7" x 7'0" ) - Irregular shape, average measurements only.
Bedroom - 5.15m x 2.81m maximum (16'10" x 9'2" maximum) - Reducing at far end of the room to 1.58m (5'2") Shower Room - 2.09m x 1.69m (6'10" x 5'6") - Communal Grounds - Meyer Court also comes with some very attractive communal gardens including a delightful paved seating area with pergola.
On a warm day, this picturesque setting affords a lovely place to sit with friends and have a good chat over a cup of tea!
There are several level lawn areas and various well stocked flower beds and borders. Information On Meyer Court - The resident house manager works at Meyer Court between 9-5pm Monday to Friday.
The Careline system is available to cover the building out of hours. Life is for living…. Meyer Court in Heavitree will help you live it to the full.
Key communal features include a lovely reception hall, lift to all floors, residents lounge with kitchen area, small library, laundry room, guest bedroom suite, resident house manager, camera entry system, intruder alarm and 24 hour ‘careline’ (emergency pull cords fitted in all apartments).
Meyer Court is conveniently situated within just a few minutes easy walking distance of Heavitree’s comprehensive shopping centre and Pleasure Park.
Heavitree Pleasure Park boasts a newly built café/community hub venue and offers a range of recreational activities including a bowls club, tennis courts, BMX dirt jumps, children's play area and a half size basket ball court.
Lease Information - 125 lease years from 2007 - 2132. 114 years remaining. Service Charge £3,050. P.A.
- Full annual Service Charge set at £3,050 from 1st Feb 2024 (£1,525 paid half yearly, March and September). Annual Service Charge Review Period every March. Ground Rent - £395 P.A.
- Full annual Ground Rent set at £395.00 from 1st Feb 2024 (£197.50 paid half yearly, March and September).
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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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 Meyer Court, Butts Road, Exeter
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