Homewise says ..
Guide price for a Home for Life Lifetime Lease for OVER 60s tailored to your personal circumstances and requirements. Your price may vary. OVER 60S could benefit from SAVINGS of up to 59% from the market value with a one-off payment for a Lifetime Lease on this property. £31...
Property Oracle says ..
This property is a two-bedroom apartment located in Exmouth, Devon, listed for £318,250. The apartment itself is presented well, with high-quality interior finishes visible in the provided images. The key feature that sets this listing apart is its access to extensive, well-maintained communal gardens and grounds, which include a decorative pond and mature landscaping. The location offers proximity to transportation, schools, and the coast, contributing to its overall appeal. The listing explicitly states that the property is part of a “Home for Life Lifetime Lease” scheme, typically targeting an older demographic. This type of arrangement means purchasing a lease rather than outright ownership of the property, and the price must be understood within the context of the terms, conditions, and potential restrictions associated with a leasehold arrangement. Prospective buyers would need to thoroughly investigate the specifics of this lifetime lease to make an informed decision. Additional details such as the length of the lease and any associated fees (service charges, ground rent) are crucial factors in evaluating the true value and affordability of this property. In the absence of this information, a complete assessment of the price-value relationship remains limited. While the presentation of the property itself is undeniably attractive, the financial commitments and limitations inherent in a leasehold structure must be carefully weighed against the advantages offered by the location and communal grounds.
Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 6
- Condition
- 8
- Location
- 7
- Land
- 9
- Bedrooms
- 2
- Bathrooms
- 0
- Sqft (est)
- 1,093.00
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 385,000.00 £Decreased by 11.33 %
- Est sale value
- 727,938.00 £Increased by 93.60 %
- Average area rental value
- 1,650.00 £/moIncreased by 37.04 %
- Est letting value
- 2,186.00 £/mo
- Est rental Yield
- 5.14 %Increased by 54.35 %
- Crime Rate
- 0.00 %
Agent Activity
Homewise created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Exeter Royal Academy For Deaf Education | Non-maintained Special School | Requires improvement | 0.49 KM |
| St Joseph'S Catholic Primary School, Exmouth | Academy Converter | Good | 0.74 KM |
| The Beacon Church Of England (Va) Primary School | Voluntary Aided School | Good | 1.29 KM |
| Exeter Road Community Primary School | Foundation School | Good | 1.40 KM |
| Exmouth Community College | Academy Converter | Requires improvement | 1.52 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Admirals Court | £ 119,488 | 0 | 0.00 KM |
| High View Gardens | £ 0 | 0 | 0.00 KM |
| Bicton Villas | £ 0 | 0 | 0.00 KM |
| Albion Terrace | £ 200,000 | 0 | 0.00 KM |
| South Street | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Exmouth | 5756 | EXM | 1.67 KM |
| Dawlish Warren | 3409 | DWW | 4.92 KM |
| Lympstone Village | 5761 | LYM | 4.98 KM |
| Starcross | 3413 | SCS | 5.29 KM |
| Lympstone Commando | 5762 | LYC | 6.87 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Douglas Avenue, Exmouth, Devon | £ 318,250 | BUY | 7 / 10 | 0.00 KM |
| Douglas Avenue, Exmouth, EX8 2BX | £ 450,000 | BUY | 7 / 10 | 0.00 KM |
| Douglas Avenue, Exmouth, EX8 2BX | £ 450,000 | BUY | 7 / 10 | 0.00 KM |
| Douglas Avenue, Exmouth, Devon | £ 475,000 | BUY | 6 / 10 | 0.00 KM |
| Douglas Avenue, Exmouth, Devon, EX8 | £ 325,000 | BUY | 7 / 10 | 0.03 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 5 Maer Road | £ 620,000 | 0.11 KM |
| 10a Douglas Avenue | £ 650,000 | 0.17 KM |
| 9 Maer Road | £ 565,000 | 0.19 KM |
| 26 Cyprus Gardens | £ 207,950 | 0.22 KM |
| 35 Cyprus Gardens | £ 165,000 | 0.22 KM |