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See how verdicts work1-bedroom flat · EX8 2ET
Listing removedReduced £10k (−12.5%) on 21 JunListed 494 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Orcombe Court was constructed by McCarthy & Stone (Developments) Limited and comprises of 57 apartments in 3 separate blocks connected by a single storey walk-way, each served by a lift.
The development manager can be contacted from various points within the development and also has an office. For period when the manager is off duty there is a 24 hour emergency Appello call system.
It is a condition of the purchase the residents be over the age of 55 years.
The accommodation comprises: The property is located on the first floor close to the stairs and lift; entrance is via a private front door to: Reception hall: With door intercom system; emergency careline cord; walk in airing /storage cupboard with light housing the electric consumer unit.
Lounge/dining room: 6.88m x 3.25m (22'7" x 10'8") narrowing to 6' 8" A good size room with double glazed window; night storage heater; fire surround housing living flame effect electric fire; television point; telephone point; wall lighting; glazed panelled double doors to: Kitchen: 2.31m x 2.24m (7'7" x 7'4") With patterned gloss finish work tops with cupboards and drawer units; space for fridge; further appliance units beneath; extended to provide a small breakfast bar area; tiled surrounds; four ring electric hob with extractor hood over; wall mounted cupboards incorporating one glass fronted display unit; built in oven with cupboard below and space for microwave over; emergency careline cord; double glazed window.
Bedroom: 5.69m x 2.79m (18'8" maximum x 9'2") narrowing at one end to 5' 2" A spacious bedroom with double glazed window; night storage heater; emergency careline cord; wall lighting; telephone point; television point; built in mirror fronted wardrobes.
Shower room/WC: 2.06m x 1.68m (6'9" x 5'6") Fitted with a good size shower cubicle with seat; Mira shower unit and sliding shower splash screen doors; vanity wash hand basin with fitted mirror and light over; shaver socket; WC with push button flush; heated towel rail; fully tiled walls; extractor fan.
Outside: The property is approached by a brick columned entrance giving access to a sweeping tarmac drive which leads to visitors parking to the rear of the building.
Parking for residents is available subject to availability. There are various areas of communal gardens comprising lawns and well tended flowerbeds and borders.
Tenure & outgoings: The property is held on a 125 year lease from 1996. Service charge we understand is £1571.00 paid every six months. Ground rent is £260.00 paid every six months.
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 Flat 23 Orcombe Court, Littleham Road, Devon
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