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See how verdicts work1-bedroom flat · EX32 8AZ
Listing removedReduced £10k (−10%) on 20 MayListed 274 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Conveniently located within walking distance of Barnstaple’s town centre and local amenities, this one-bedroom top floor flat is purpose-built for those aged 55 and over.
Tastefully decorated throughout by the current vendor, the property also benefits from access to a community room and laundry room.
Internally, the flat comprises an entrance hall with a useful storage cupboard, a living/dining room, and a fitted kitchen which enjoys an open outlook to the rear with a range of wall and base units, work surfaces, a sink/drainer and space for appliances.
The double bedroom also enjoys an open outlook while the shower room is fitted with a shower, low-level WC, and hand basin.
Externally, the property benefits from communal parking for residents and visitors alike.
AGENTS NOTE: CASH BUYERS ONLY From our office proceed on the inner relief road in the direction of Braunton and Ilfracombe.
Before the traffic lights take the turning on the right-hand side signed Alexandra Court. Continue through the archway where number 42 will be found on the left hand side.
Entrance Hall Lounge 5.26m x 3.25m Shower Room Bedroom 2.97m x 2.87m Kitchen 2.97m x 2.4m Tenure Leasehold – 98 Year lease which commenced in May 1986 Service Charge Vendor advises £195.00 per calendar month Services Mains electricity, water and drainage.
Electric heating Viewing Strictly by appointment with the sole selling agent Council Tax A - North Devon District Council
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 Alexandra Court, Alexandra Road, Barnstaple, Devon, EX32
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