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See how verdicts work2-bedroom flat · EX4 1HD
Listing removedListed 81 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A rare opportunity to acquire a beautifully presented first floor flat in a highly sought after St Thomas location.
The spacious two bedroom home enjoys the unusual benefit of both front and rear balconies, private parking and a separate garden area with shed.
Having been lovingly maintained and improved by the current owners, the property combines character, comfort and practicality, making it an ideal home for first-time buyers, downsizers or investors.
The property benefits from a share of freehold, with no ground rent and low service charges.
The property The flat is approached via its own entrance at the rear of the building and offers well-proportioned accommodation throughout.
At the heart of the home is a generous sitting room, a bright and welcoming space with ample room for both relaxation and entertaining.
Large windows draw in plenty of natural light, and overlook the front balcony.
The modern kitchen includes contemporary units, excellent storage and attractive work surfaces, with integrated electric oven and hob.
Both bedrooms are comfortable doubles, and benefit from fitted wardrobes. The master bedroom has direct access onto the front balcony.
The second bedroom is also a good size and would serve equally well as a dining room, home office or hobby room.
Completing the accommodation is a beautifully appointed bathroom featuring a freestanding roll-top bath together with a separate shower enclosure.
One of the property's standout features is its outdoor space.
Few apartments offer two separate balconies, allowing both morning and afternoon sunshine and providing delightful areas for al fresco dining, container gardening or simply enjoying the outlook.
In addition, there is a private garden area, separate from the building, which includes a useful shed. Private residents parking adds further practicality to this already impressive home.
The location Francis Close occupies a sought-after position in the heart of St Thomas, one of Exeter's most popular residential districts.
Cowick Street offers an excellent range of everyday amenities including independent shops, cafés, supermarkets, healthcare facilities and regular bus services, all within easy walking distance.
St Thomas railway station and Exeter's historic Quayside are nearby, whilst the city centre is easily accessible on foot, by bicycle or public transport.
The property is also well placed for access to the A30, M5 and Exeter's major employment centres, making it an excellent choice for commuters and those seeking a convenient city lifestyle.
Services Local Authority: Exeter City Council Tax Band: B Tenure: Share of Freehold Heating: Gas central heating Services: Mains water and mains drainage Energy Efficiency Rating: C Flooding: This is deemed to be low risk for rivers & seas and low for surface water.
Internet: We understand that standard, superfast and ultrafast broadband can be found in this locality providing a download speed up to 1800Mbps.
Mobile Phone signal - Several networks are currently displayed as available at the property with O2 and Three showing as strongest.
Lease information Lease start date: 11/11/2004 Lease term: 199 years Lease term remaining: 134 years Ground rent: N/A Service charge: £75pm agent's notes To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers once any sale is agreed, and check proof of funding.
We use the services of a third party, Hipla, a Law Society Licensed company. We will require the full name, mobile phone number and current address of all buyers.
There is a nominal charge of £24 including VAT for this, (per person), payable direct to Robert Williams Estate Agents. Details will be provided upon request.
Please note, we are unable to issue a memorandum of sale until all the required mandatory checks are complete.
It is a mandatory requirement for a Sales or Lettings Agent to be part of a redress scheme, we have membership with The Property Ombudsman (a government approved redress scheme).
It is a mandatory requirement for a Lettings Agent to be part of a Client Money Protection scheme, we have membership with Propertymark (a government approved client money protection provider).
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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.
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FAQ
About 1, Francis Close, Exeter
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