1-bedroom flat · EX2 8TW
Listing removedReduced £25k (−17.9%) on 21 JunListed 158 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary A spacious one bedroom first floor flat in Cornmill Crescent, Exeter, offering excellent potential for modernisation and ideal as a first home or rental investment.
Description Situated within the popular Cornmill Crescent area of Exeter, this spacious one double bedroom first floor flat offers an excellent opportunity for buyers looking to modernise and add value.
The property benefits from its own private front door, with stairs rising to the first floor hallway.
A large open plan living room provides a bright and airy space with a front aspect window allowing plenty of natural light, and leads through to the kitchen area.
To the rear of the property is a well-proportioned double bedroom, while a bathroom room completes the accommodation.
Although requiring general modernisation throughout, the property offers fantastic potential as either a first home or investment purchase.
Further benefits include an allocated parking space positioned to the rear of the property.
This property presents a great opportunity to create a comfortable and well-located home within easy reach of local amenities and transport links.
Agents Note The sale of this property is subject to receipt of Grant of Probate. Please obtain an update from the branch with regards to the potential timeframes involved.
Please be aware that the information we have about this property is limited.
If there is any point which is of particular importance to you, please contact the branch and we will endeavour to check for you, especially if you are contemplating travelling some distance to view the property.
Living Room Double glazed front aspect window, storage over stairs, electric radiator. Kitchen Double glazed rear aspect window, wall and base units, work surfaces, sink unit, space for appliances.
Bedroom Double glazed rear aspect window, two large fitted wardrobes, wall mounted radiator. Bathroom Avocado bath with electric shower over, low level toilet, wash hand basin.
Parking One allocated parking space. Lease details are currently being compiled. For further information please contact the branch.
Please note additional fees could be incurred for items such as leasehold packs. 1.
Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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.
Area
Agent & docs
FAQ
About 46, Corn Mill Crescent, Exeter
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