2-bedroom flat · EX2 9AB
For saleReduced £10k (−6.7%) on 21 JunListed 270 days
Opportunity summary
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About
Summary guide price £140,000 - £160,000 - cash buyers - offered to market with no onward chain a delightful two double bedroom residence with a well-presented interior with a private rear garden with side access.
Description guide price £140,000 - £160,000 - cash buyers - This well-presented residence comes with a private front entrance, inside entrance hall way with two double bedrooms, with a large living room with feature fireplace, with a good sized kitchen/dining room with a family bathroom.
To the rear of the property there is a private enclosed rear garden with side access.
Located in St Thomas, this property offers a wealth of benefits which is perfect for both a first time buyer but also to investors, with a great location to local schools but also to popular local shops like marks & spencers & boots.
Also being walking distance to riverside leisure centre and only a short distance from popular Exeter locations such as quayside & exeter city centre.
Entrance Hall Double glazed obscured door to front.
Living Room Kitchen Irregular shaped kitchen with wall and base units, work surfaces, stainless steel sink unit, plumbing for washing machine, boiler, gas cooker point with extractor over, wall mounted radiator.
Dining Area Double glazed rear aspect window, tiled floor, double glazed door to rear, wall mounted radiator. Bedroom 1 Double glazed front aspect window, picture rail, wall mounted radiator.
Bedroom 2 Double glazed front aspect window, picture rail, wall mounted radiator.
Shower Room Shower cubicle with mains shower, low level toilet, wash hand basin with cupboard below, tiling, tiled floor, extractor fan, wall mounted radiator.
Rear Garden Paved area enclosed by fencing and walls. Gate to side access. Agent's Notes The term of the lease is 99 years from 4 June 1982, which means there are currently 43 years remaining.
This may impact on mortgage lending requirements, Interested parties should make further enquiries. The vendor has advised that the Freehold can be purchased for £16,000.
There is an easement on the title, please enquire with the branch for further details.
We currently hold lease details as displayed above, should you require 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
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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
Agent & docs
FAQ
About 23, Beaufort Road, Exeter
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