2-bedroom flat · EX1 2LY
For saleReduced £10k (−4.5%) on 24 JunListed 160 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious and well presented two bedroom first floor flat being sold with no onward chain, situated in a highly desirable position within easy reach of the City Centre, the Royal Devon & Exeter Hospital and both St Luke’s and Streatham University campuses.
The accommodation comprises a spacious living room with views across the City, modern kitchen/diner with integrated fridge/freezer and dishwasher, a utility cupboard with space and plumbing for a washing machine, two good sized bedrooms and a bathroom fitted with a three piece suite including a shower over the bath.
Further features include gas central heating and double glazing. The property also benefits from a single garage situated to the rear. Parking spaces are available on a first come first serve basis.
Early internal viewing is highly recommended and a 360 Virtual Tour is available to view on our web site. Leasehold Information Length of Lease: 199 years from 11th January 1973.
The vendors have a share of the freehold.
Annual Service Charge: £1,320 per annum (paid quarterly) Annual Ground Rent: Nil Service Charge Review Period (Year/Month): Tbc Ground Rent Review Period (Year/Month): N/A 360 Virtual Tour A 360 degree Virtual Tour is available to view on our web site.
Viewing Arrangements Strictly by appointment with Naomi J Ryan Estate Agents. Referral Fee Disclosure We recommend sellers and/or potential buyers use the services of The Mortgage Quarter.
Should you decide to use the services of The Mortgage Quarter you should know that we would expect to receive a referral fee of £200 from them for recommending you to them.
You are not under any obligation to use the services and can seek alternative providers of these services. Further information is available on our web site.
Lettings Potential Naomi J Ryan Lettings Department have put an estimated rental value on this property of £1,100 per calendar month, providing a gross rental yield of 5.9%.
If you would like further information regarding this or any aspect of letting a property, please contact our Lettings & Property Management Department.
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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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 3 Summerlands Court, Heavitree Road, Exeter
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