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See how verdicts work1-bedroom property · EX4 1AB
For saleListed 261 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered to the market with no onward chain is this spacious, immaculately presented one bedroom ground floor retirement flat, conveniently located in the heart of St Thomas.
Description Carousel Court was built and designed specifically for the retirement lifestyle of the over 55’s.
The manager run development has a lovely communal lounge which hosts many leisure activities including coffee mornings and bingo nights, Lift access is provided to all floors, laundry room, guest facilities, communal gardens and a 24 hour emergency call system.
. The property is ideally positioned on the ground floor, enjoying views over St Thomas Pleasure Grounds. .
Upon entry, a welcoming entrance hallway provides access to a spacious living room, which benefits from direct access to the well-maintained communal gardens.
The accommodation further comprises a fitted kitchen with integrated appliances, a generously sized bedroom with built-in wardrobes, and a bathroom fitted with walk in shower.
Material Infomation Tenure: Leasehold Local Authority: Exeter City Council Council Tax Band: B Rights and Restrictions: TBC Mains: Water, drainage. electric Heating: Electric Heating
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 Cowick Street, Exeter, Devon
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