1-bedroom flat · EX12 2PB
Sold STCListed 89 days
Opportunity summary
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About
Second floor one bedroom retirement apartment situated in the heart of Seaton's town with east facing balcony.
A modern one bedroom retirement apartment situated on the second floor of Haven Court, exclusively for the over 55s.
Built to a high standard by McCarthy & Stone in 2002, the apartments are a stone's throw away from the town's amenities and beach and include substantial communal areas including resident's lounge and kitchen area, laundry room, refuse room, lift and landscaped gardens.
There is also a guest suite available.
The property benefits from electric heating, secure entry system and a care-line system with call points in the bedroom, bathroom, kitchen, living room and hallway to the house.
On entering the apartment via a private front door, there is an entrance hall leading off to all rooms, with two storage cupboards- one housing the meters for the property and a larger with slatted shelving and hot water tank.
The living room has recently fitted new carpets and a modern central feature electric fireplace with door opening on to the East facing balcony.
From here, views can be enjoyed over the nearby tramway and town centre as well as further reaching towards the surrounding countryside, estuary and Axe Cliffs.
Double doors from the living area open to the kitchen which is comprehensively fitted with a range of matching base and wall units, tiled splashback, laminate worktop and sink.
There is a built in oven, alongside separate electric hob and extractor over, under counter fridge and under counter fridge freezer.
There is a well proportioned double bedroom with fitted wardrobe with mirrored concertina doors.
The shower room is fully tiled with laminate flooring, vanity unit with wash hand basin, WC, wall heater and walk in shower. Parking: There is allocated parking subject to availability.
Tenure: We are advised the property is leasehold with a 125-year lease which commenced 01.07.2002.
Ground Rent: £804.86 per annum- can be paid in two instalments due March 1st and September 1st Maintenance and Service Charges: Monthly instalments of £205.05 (can be paid half yearly) to include the maintenance and upkeep of the building and all communal areas, use of communal facilities including laundry room and refuse, emergency alarm system, buildings insurance and staffing costs/house manager.
Council Tax: We are advised that this property is in Council Tax Band B. East Devon District Council.
What3Words: ///splints.legwork.serve Services: We are advised that mains sewage, water and electric are connected.
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
Agent & docs
FAQ
About Haven Court, Seaton, Devon, EX12
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