1-bedroom flat · EX12 2PB
Listing removedReduced £6k (−5.7%) on 21 JunListed 673 days
Opportunity summary
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About
A one bedroom retirement apartment situated on the 3rd floor in Haven Court benefitting from a newly fitted shower room.
The development is for the over-55s and is centrally located for a short walk to the town centre and beach. No onward chain.
A one bedroom retirement apartment situated on the 3rd floor in Haven Court benefitting from a newly fitted shower room.
The development is for the over-55s and is centrally located for a short walk to the town centre and beach. No onward chain.
59 Haven Court is a one bedroom retirement apartment situated in a development for the over-55s built in early 2002 by McCarthy & Stone.
The Apartments were built to a very high standard including award-winning electric slimline heaters and draught resistant double-glazed windows.
The Care-line system links call points in your bedroom, bathroom, kitchen, living room and hallway to the house manager.
On entering this third floor apartment, there is an entrance hall leading off to all rooms, with two large storage cupboards.
There is a dual aspect living room/diner which leads directly to the kitchen. The kitchen is fitted with matching base and wall units and includes integrated fridge, freezer, oven and hob.
There is a double bedroom, with fitted wardrobes, and a newly fitted shower room with WC, wash hand basin and walk in shower.
The communal areas, including the residents lounge with kitchen area, laundry room, refuse room, lift and landscaped gardens, are all maintained and covered by the service charge.
There is also a guest suite available. Ground Rent: Approximately £350.00 per annum. Tenure: We are advised the property is Leasehold with a 125 year lease which commenced July 2002.
Service Charges: £196.54 per month (can pay in monthly/half-yearly instalments) 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.
It also includes water/sewage rates. Parking: There is communal parking based on a first come basis.
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 59 Haven Court,, Harbour Road, Seaton
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