2-bedroom flat · EX4 1AB
For saleReduced £10k (−4%) on 21 JunListed 625 days
Opportunity summary
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About
Detailed Description A beautifully presented, light and spacious two bedroom first floor apartment situated in the popular development of Carousel Court within close proximity to local shops, cafes, supermarkets, local bus route and St Thomas train station.
The property benefits from good size living accommodation, views over the local park, communal facilities include lounge, laundry and gardens. No onward chain. EPC C, Council Tax Band C, Leasehold.
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 front door and entrance hallway stairs and lift to first floor landing own front door to..
entrance hallway: Electric heater, three storage cupboards, wall mounted security entry phone, doors to..
Lounge/diner: 5.4m x 4.9m (17'9" x 16'1") , Double glazed doors to the Juliet balconies, double glazed windows to the front and the side, electric heater, doors to the kitchen, security pull chord.
Kitchen: 3.4m x 1.8m (11'2" x 5'11") , Base cupboards and drawers with worktop over, sink and drainer, built in oven and hob with extractor over, wall mounted cupboards, space for fridge, double glazed window to the front of the block, security pull chord.
Bedroom 1: 4.7m x 4.4m (15'5" x 14'5") Maximum , Double glazed windows to side, electric heater, built in mirror fronted wardrobes, security pull chord.
Bedroom 2: 3.5m x 3.0m (11'6" x 9'10") , Double glazed window to side, electric heater, security pull chord.
Shower room: Close coupled WC, wash hand basin, walk in shower with wall mounted shower over, electric heater, security pull chord.
Lease information: Lease Length: 125 years from 1 July 2001 Ground Rent: Annual rent currently set at £916.29 Next due 1st September 2025.
Service Charge: For the period 1st September 2024 - 28th February 2025 £2,662.52 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 Stone upon completion of the sale.
For more information please contact the office. Important information: This property is being sold without an occupier or previous owner available to provide the usual property information.
As such, we are unable to offer first-hand details regarding its condition, any alterations, boundaries, neighbour relations, or other matters that would typically be answered by an owner-occupier.
Consequently, our knowledge of the property is more limited than in a standard owner-occupied sale, and some material information may not be known.
While we will take all reasonable steps to supply accurate information, prospective buyers are strongly advised to carry out all standard checks, inspections, and searches.
Buyers should also inform their Solicitor of this situation and obtain appropriate legal advice.
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.
Area
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FAQ
About 17 Carousel Court, Cowick Street, Exeter
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