1-bedroom flat · EX2 8AS
Listing removedReduced £15k (−21.7%) on 2 JulListed 161 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A one bedroom first floor retirement apartment ** Vendor has agreed to pay first 6 months' service charge ** Homeclyst House was constructed by McCarthy & Stone (Developments) Ltd and comprises 33 properties arranged over 4 floors each served by lift.
The visiting part-time Development Manager can be contacted from various points within each property in the case of an emergency.
For periods when the Development Manager is off duty there is a 24 hour emergency Appello call system. Each property comprises an entrance hall, lounge, kitchen, one or two bedrooms and bathroom.
It is a condition of purchase that residents be over the age of 60 years, or in the event of a couple, one must be over 60 years and the other over 55 years.
Please speak to our property consultant if you require any information regarding Event Fees that may apply to this property.
Accommodation Replaced doule glazed windows September 2025 Entrance Hall Illuminated light switch. Coved and artex ceiling.
Airing cupboard with insulated hot water tank, electric immersion heater, slatted shelves, electric meters. From the Entrance Hall a door leads to the Living Room Storage heater. Power points.
TV aerial point and double wall light points. Emergency pull cord. Kitchen Tiled and re-fitted with single drainer stainless steel sink unit, wall and floor cupboards and worktops.
Spaces for refrigerator and electric cooker. Power points, extractor fan and strip light. Coved and artex ceiling. Bedroom Built in wardrobe with hanging rail and shelf above. Storage heater.
Emergency pull cord. Wall light point. Coved and artex ceiling. Bathroom Tiled and fitted with suite comprising shower unit. WC with low level flush, vanity unit. Electric wall heater. Extractor fan.
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 15, Homeclyst House (Exeter), Exeter
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