1-bedroom flat · PL19 0RH
For saleListed 90 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A one bedroom first floor retirement apartment for the over 55's occupying an enviable quiet corner position that overlooks the communal gardens.
The property is accessed via a communal front entrance with automatic opening keyless doors and entry-phone system leading to a hallway with access to a large residents lounge with kitchen, laundry room and lift service to all floors.
The apartment is well presented throughout has benefitted from a stylish new kitchen and contemporary bathroom in recent years, with a bright and spacious lounge/dining room with space for table and chairs, feature fireplace and double aspect views over the gardens and surrounding wooded area.
There is a large double bedroom fitted with floor to ceiling wardrobe cupboards with mirror panelled doors and a handy storage cupboard in the hallway and entry-phone system.
ACCOMMODATION Reference made to any fixture, fittings, appliances, or any of the building services does not imply that they are in working order or have been tested by us.
Purchasers should establish the suitability and working condition of these items and services themselves.
SERVICES Mains water, electric, drainage OUTGOINGS We understand this property is in band 'B' with West Devon Council.
Management Charge of £2849 per annum towards: lift maintenance, gardening, window cleaning and buildings insurance. £168 per annum ground rent.
TENURE Leasehold 99 years from 1989 (62 years remaining) EPC Rating: C
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 Parkwood Road, Parkwood Court Parkwood Road, PL19
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