1-bedroom flat · EX8 2BH
For saleListed 207 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Admirals Court was constructed by McCarthy and Stone and comprises of 38 properties arranged over three floors, each served by a lift and stairs.
There are superb communal facilities which include a residents lounge, laundry room, library, a guest bedroom suite and attractive communal gardens.
The house manager can be contacted from various points within each property in case of an emergency.
For periods when the house manager is off duty there is a 24 hour emergency careline response system.
It is a condition of the purchase that residents be over 60 years of age and in the event of a couple, one must be over 60 and the other over 55.
The accommodation comprises: On the ground floor: Communal entrance with remote entry system leading to communal hallway.
Stairs and lift rising to the upper ground floor and private entrance door leading to: Entrance hallway: With remote entry system; walk-in airing cupboard with slatted shelving and water heating system; built-in meter / storage cupboard; alarm pull cord; door leading to: Lounge/dining room: 19' 10" x 10' 8" (6.05m x 3.25m) Attractive fireplace having living flame fie, double glazed door with side panel window opening onto a Juliette balcony providing an outlook over the communal gardens; television point; telephone point; Haverland electric heater; twin obscure glazed doors leading to: Kitchen: 7' 8" x 7' 2" (2.34m x 2.18m) Fitted with a range of units comprising a single drainer stainless steel sink unit set in roll edge work top surface with tiled splashback; range of base cupboard and drawer units with matching eye-level units over; integrated electric oven; inset four ring electric hob with extractor hood over; space for fridge; space for further appliance; alarm pull cord; wall mounted electric fan heater; double glazed window to the front aspect.
Bedroom: 13' 9" x 9' 2" (4.19m x 2.79m) Double glazed window to front aspect; television point; alarm pull cord; Haverland electric heater; built-in wardrobe / storage cupboard with mirror fronted by-folding doors.
Shower room/WC: Stylishly re-fitted and now comprising of an ease of access over-sized shower cubicle with shower unit, hand rail and sliding shower splash screen doors; vanity style wash hand basin with light/shave socket over; WC with push button flush; splashback walls; extractor fan; emergency pull cord; heated towel rail.
Outside: Admirals Court stands in attractive and well kept communal grounds and also benefits from a residents parking area where spaces are subject to availability.
Tenure and outgoings: The property is held on a 125 year lease from 1st October 2002. We understand that the annual service charge is currently £3,820.58 and the annual ground rent is £838.20.
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 5 Admirals Court, Rolle Road, Exmouth
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