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See how verdicts work1-bedroom property · EX4 1AB
For saleReduced £15k (−10%) on 25 OctListed 444 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious one bedroom second floor retirement apartment with views over the park and within close proximity to local amenities including St Thomas Railway Station and shopping parade.
Communal facilities include a garden, lift, lounge, laundry room, guest suite and a resident manager. NO ONWARD CHAIN. EPC B, Council Tax Band B, Leasehold.
SITUATION AND DESCRIPTION: The development was constructed by McCarthy & Stone and is set in an popular position being a short walk from Exeter's famous Quayside, city centre, river walks and cycle paths.
Locally there are a variety of shops and cafes.
The resident manager can be contacted from various points within each property in the case of emergency with a 24 hour Emergency Careline System and a lift to all floors.
Communal facilities include Residents' lounge, Communal Laundry, Guest Suite, House Manager, Lift to all floors and Communal Gardens COMMUNAL ENTRANCE HALL: Stairs and lift to second floor.
FRONT DOOR TO.. HALLWAY: Storage cupboard, security pull chord, door to..
LOUNGE/DINER: 6.6m x 3.3m (21'8" x 10'10") , Double glazed door to the Juliet balcony with views over the park, electric storage heater, security pull cord, door to..
KITCHEN: 2.3m x 1.9m (7'7" x 6'3") Irregular shaped room , Base cupboards and drawers with worktop over, sink and drainer, built in oven and hob with extractor over, space for low level fridge, wall mounted cupboards, double glazed window, security pull cord.
BEDROOM: 3.6m x 2.8m (11'10" x 9'2") Plus wardrobe depth , Double glazed window, built in wardrobe, electric storage heater, security pull cord.
SHOWER ROOM: Close coupled WC, wash hand basin, shower cubicle with wall mounted electric shower, security pull cord.
LEASE INFORMATION: 125 Year Lease from 1st July 2001 Service Charge: for the period 1st September 2025 - 31st August 2026 - £3,695.84 per annum.
Ground Rent: for the period: 1st September 2025 - 31st August 2026 - £782.20 per annum.
AGENTS NOTE: There is a restriction of 55 years of age or such other age as the Landlord may in its discretion permit. We have also been informed that there is no gas supply to the building.
Sellers of the property are also liable to pay a fee to McCarthy Stoneupon completion of the sale. For more information please contact the office.
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 Cowick Street, St.Thomas, EX4
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