1-bedroom flat · EX4 7DF
Listing removedReduced £25k (−12.5%) on 21 JunListed 192 days
Opportunity summary
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About
Description Situated in a highly convenient Whipton location, this ground floor apartment offers practicality and modern living with excellent accessibility.
Perfectly suited to first time buyers or investors, the property is presented in lovely condition throughout with all the benefits of a low maintenance home.
Entering the apartment, you are greeted by a spacious and welcoming hallway.
The bright and airy open plan kitchen, living area, designed to maximise both comfort and functionality boasts stylish, modern units and ample work surfaces, seamlessly flowing into the living space which is ideal for both relaxing and dining with double doors out to the patio area creating indoor/outdoor living.
Large windows ensure the room is filled with natural light. The double bedroom is generously proportioned and includes a walk-in wardrobe, offering excellent storage.
The modern bathroom is fitted with contemporary fixtures, which is partly tiled with panel enclosed bath with shower over, low level WC and pedestal wash hand basin.
The apartment enjoys a private, enclosed patio area, perfect for outdoor dining, in addition, the property benefits from allocated parking for one vehicle.
Situation Situated approximately two miles east of Exeter city centre, the property benefits from a convenient and well-connected location.
A range of local shops can be found in nearby Whipton, while regular bus services provide easy access into the city centre.
The historic cathedral city of Exeter offers an excellent selection of retail and leisure facilities, alongside a variety of well-regarded schools, a growing sixth form college, and the renowned University of Exeter.
For those commuting or travelling further afield, St David’s railway station provides direct services to London Paddington, and Exeter International Airport offers a wide range of both domestic and international flights.
Directions From Exeter City centre proceed in an easterly direction via Western Way onto Blackboy Road and Pinhoe Road.
Pass under Polsloe Bridge and take the first turning left at the traffic lights into Beacon Lane.
Just before the tunnel take a left in to Chaucer Grove carry on round and the development can be found right at the end. Services: The vendor has advised the following: No gas to the property.
Mains electricity (serving the central heating and hot water), mains water and drainage. Solar Panels are fitted to the roof of the property but do not generate an income and heat the water only.
Telephone landline currently not in contract. Broadband (Cable) Estimated Standard speed 8 Mbps, Superfast speed 80 Mbps and Ultrafast speed 1800 Mbps.
Mobile signal: Several networks currently showing as available at the property including 02, EE, Three & Vodafone. Agents Note: The vendor advises that they own a share of the Freehold.
The property has the benefit of a 999 year Lease from 26 August 2021. The property is currently managed by Torc Exeter Ltd (Co No 13505726) covering the communal areas.
We are advised that the current estimated Management Service Charges (2025/26) are £586 pa paid £48.83 monthly with no ground rent, to include buildings insurance, external building maintenance and garden maintenance.
Agents Note: Please note that some of the images used have been digitally staged.
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 Apartment 1,, The Old Railway Club, Chaucer Grove
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