2-bedroom flat · EX13 5NE
Sold STCListed 790 days
Opportunity summary
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About
A modern second floor two bedroom town centre apartment with allocated parking and balcony.
This apartment comprises of a open plan lounge/kitchen/diner, bathroom and a master bedroom benefiting from a en-suite shower room. Fitted with double glazing and electric heating throughout.
The building is access via a telephone entry system, a secure gated car park and storage area. The property is subject to a over 55 age restriction.
This property comes to the market with the benefit of no onward chain.
Hallway Doors leading to the accommodation with a wall mounted telephone entry system, a airing cupboard housing the water tank, fusebox and a smoke detector overhead.
Open Plan Lounge/Kitchen (4.80m x 4.26m) A open plan lounge/kitchen with a window to the side aspect benefiting from partial rural views and French doors granting access to the balcony.
The kitchen area is fitted with a range of matching wall and base units with work tops over. Comprising a integral fridge freezer, a four ring electric hob with an oven and extractor hood.
Continuing round to a stainless steel sink and drainer.
Bedroom 1 (3.25m x 2.76m) A double bedroom with feature fitted double wardrobes, a window to the side aspect benefiting from partial rural views and a wall mounted electric radiator.
Door leads to; En-Suite (1.93m x 1.58m) This ensuite shower room is fitted with a white suite comprising a low level hand flush w.c, a pedestal hand wash basin and a cubicle shower unit with a wall mounted mains shower.
Further benefiting from a towel rail and extractor fan.
Bedroom 2 (3.10m x 2.54m) A single bedroom with a electric wall mounted radiator and a window to the rear aspect benefiting from partial rural views.
Bathroom (1.78m x 2.60m) Fitted with a white suite with tiled splashbacks throughout this bathroom comprises an low level hand flush w.c, a pedestal hand wash basin and a paneled bath unit.
Further benefiting from a towel rail and extractor fan.
Balcony (0.92m x 2.22m) Accessed from the lounge/kitchen is a glass and steel paneled north west facing balcony, benefiting from partial rural views of the surrounding countryside.
Agent's Notes Local Authority: East Devon District Council Council Tax Band: B Tenure: Leasehold Restrictions: This property is subject to a over 55 age restriction Lease Length: 125 year length lease with approximately 108 years left Maintenance Charge: £1545.48 Ground Rent: £630.34 Utilities: All utilities are mains connected.
Broadband: Superfast fibre broadband with a fttc connection is available. Standard broadband with a adsl connection is available.
More information can be found on openreach Mobile phone coverage: For more information can be found
Value & comps
No previous sales on record.
Returns
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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 16, Mellowes Court, Axminster
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