2-bedroom terraced house · EX4 8QP
Listing removedListed 537 days
Opportunity summary
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About
Motivated seller - priced to sell - retirement opportunity - An exciting opportunity to acquire this 2 double bedroom freehold retirement property forming part of an exclusive retirement development with resident site manager and 24 hour emergency call system.
The property is conveniently located for public transport to and from the city centre by using the nearby bus service or picking up the train at Polsloe Station (Exeter - Exmouth) some 10 -15 minutes by foot.
Entrance Hall Lounge/Diner (6.58m x 2.97m (21'7" x 9'8")) Reducing at dining area to 2.38m Kitchen (2.95m x 2.46m (9'8" x 8'0")) Shower Room (Ground Floor) Bedroom 1 (3.54m x 2.90m (11'7" x 9'6")) Bedroom 2 (3.94m x 2.50m (12'11" x 8'2")) Shower Room (First Floor) (2.44m x 1.98m (8'0" x 6'5")) Rear Garden A sunny 'patio style' rear garden with gated rear access leading to residents' and visitors parking.
Parking This exclusive development comes with plenty of parking for residents' and visitors.
Communal Grounds/Parking This development comes with attractive well maintained communal grounds for all residents to enjoy.
Service Charge The property is Freehold and the Service Charge is currently £279.90 per calendar month. This includes: •Site manager - working hours are 9am -5pm •24hr alarm response service.
•Window cleaning •Grass cutting to communal areas. •Maintenance of other communal services such as fences, paths, drains, roads and paths, gutters, roofing.
•There is ample parking although no spaces are allocated.
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 8, Honeylands Drive, Exeter
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