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See how verdicts work1-bedroom flat · PL21 9GH
Listing removedListed 183 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An immaculate purpose built second floor flat located on the far north western corner of this McCarthy and Stone built retirement building within central Ivybridge.
The flat has lift access to all floors and accommodation comprises an entrance hall, spacious living room, integrated modern kitchen, modern bathroom with easy access bath and a double bedroom.
There are communal gardens and amenities to include a laundry, residents lounge, a day manager and parking. No chain. EPC C 74.
Second floor entrance hall Entrance door, built in store cupboard, built in boiler cupboard housing hot water heater.
Living room 22' 5" (6.84 3.12m Double aspect with Upvc double glazed windows to side and rear and door with Juliet balcony. Night storage heater, feature electric fire.
Kitchen 7' 6" x 7' 0" (2.30m x 2.15m) Upvc double glazed window to side, modern integrated kitchen with quartz work surfaces having a single bowl sink with routered drainer and mixer tap.
Built in oven, microwave, induction hob, extractor, fridge and freezer. Bedroom 13' 2" x 9' 1" (4.02m x 2.78m) With built in mirror fronted wardrobes, Upvc double glazed window to rear.
Night storage heater. Bathroom/WC 7' 0" x 5' 6" (2.15m x 1.68m) With modern suite to include easy access bath with seat and shower over, low level WC and wash basin, extractor.
Exterior Grosvenor Court has the benefit of communal gardens and parking. Communal facillities Grosvenor Court is a McCarthy and Stone built development of retirement flats.
The flats have use of communal facilities to include a residents lounge, laundry, visitors guest suite, an on site day manager and the use of communal parking and gardens.
Tenure The flat is held on a 125 year lease from 2005. The service charge is in the order of £3,800 pa with an annual ground rent of £395.00. This covers building insurance and water rates.
Council tax Band A.
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
Agent & docs
FAQ
About 48 Grosvenor Court, Western Road, Ivybridge
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