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See how verdicts work2-bedroom flat · PL21 9GH
Listing removedListed 537 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An immaculate 2 bedroom purpose built second floor retirement flat, set in arguably the best position on the whole development with south and westerly aspect.
Grosvenor Court was constructed in 2005 by McCarthy And Stone and has lifts to all floors and communal facilities to include a residents lounge, laundry, gardens and parking to name but a few.
Accommodation comprises an entrance hall, lounge/diner, kitchen, the 2 bedrooms and shower room/WC. The flat is Upvc double glazed with electric heating. No chain. EPC C 72.
An immaculate 2 bedroom purpose built second floor retirement flat, set in arguably the best position on the whole development with south and westerly aspect.
Grosvenor Court was constructed in 2005 by McCarthy And Stone and has lifts to all floors and communal facilities to include a residents lounge, laundry, gardens and parking to name but a few.
Accommodation comprises an entrance hall, lounge/diner, kitchen, the 2 bedrooms and shower room/WC. The flat is Upvc double glazed with electric heating. No chain. EPC C 72.
Second Floor Entrance Hall A separate and self contained entrance off the communal landing, airing cupboard housing hot water cylinder, 2 store cupboards.
Kitchen/Diner - 4.52m x 4.3m (14'9" x 14'1") Double aspect with Upvc double glazed windows to side and rear, door with Juliet balcony, night storage heater.
Kitchen - 2.74m x 1.75m (8'11" x 5'8") Upvc double glazed window to side, range of base units, wall cupboards and work surfaces, electric oven, hob and extractor, single drainer sink unit.
Bedroom 1 - 4.18m x 2.86m (13'8" x 9'4") Upvc double glazed window to rear, night storage heater. Bedroom 2 - 4.22m x 2.59m (13'10" x 8'5") Upvc double glazed window to rear, electric panel heater.
Shower Room/WC With shower cubicle, low level WC and wash basin, extractor. Exterior The flats enjoy the use of communal gardens and parking.
Communal Facilities The residents of Grosvenor Court enjoy the use of a communal wash room, residents lounge, refuse storage, a guest suite. There is a day manager on site. Council Tax Band B.
Tenure The flat is held on a 125 year from 2005. There is a service charge payable of approx. £4,500 pa and a Ground Rent of approx. £400 pa.
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
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FAQ
About 44, Grosvenor Court, Ivybridge
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