2-bedroom flat · EX8 2HU
For saleReduced £10k (−5.6%) on 27 AugListed 133 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Two-bedroom purpose built apartment in the sought after Avenues of Exmouth within easy reach of the seafront and town centre.
(cash buyers only) • Sitting Room with balcony • Kitchen • 2 Bedrooms - one with fitted wardrobes • Shower Room with separate W/C • Central Heating • Double glazing • Communal gardens • Single Garage • No Chain location Exmouth is a popular coastal town surrounded by beautiful Devon countryside and yet only twelve miles by road and rail from the Cathedral City of Exeter, with its intercity railway station, airport and access onto the M5 motorway.
Exmouth boasts over three miles of golden sands and is ideal for a range of activities including boating, sailing and water skiing.
The town also has a range of shops including an M&S Foodhall, a variety of restaurants, schools, a modern sports centre, swimming pool and various other amenities.
The accommodation comprises (all measurements are approximate): Entrance Communal entrance door with stairs leading up to the first floor. First floor Private entrance door to the apartment.
Hallway Built-in shelved storage cupboard. Double mirrored sliding door fitted wardrobe with shelving and hanging space. Hatch to roof. Built-in airing cupboard with shelving. Coved ceiling.
Downlighters. Opaque glazed doors leading off to .. Sitting room 17' 6" (5.33m) x 11' 6" (3.51m): Feature fireplace. Coved ceiling.
Double glazed sliding door and opening door out onto the balcony with views over the communal grounds and fields beyond. Two radiators. Kitchen Double glazed window to the front and the side.
Roll edge worktop surfaces with inset one and half bowl stainless steel sink with drainer and mixer tap. Cupboards and drawers under. Space for cooker and washing machine.
Matching wall mounted cupboards. Opaque door to bedroom 2. Bedroom 1 16' 4" (4.98m) x 10' 10" (3.30m): Double glazed window to the rear with views over the communal grounds. Coved ceiling. Radiator.
Two fitted double mirrored wardrobes. Bedroom 2 12' 4" (3.76m) x 9' 9" (2.97m): Double glazed window to the front. Coved ceiling. Radiator.
Shower room 5' 6" (1.68m) x 5' 1" (1.55m): Walk-in shower cubicle in full tiled surround with a built-in shower and glass screen. Pedestal wash hand basin. Walls in full tiled surround. Shaver point.
Radiator. Opaque double glazed window to the side. Extractor fan. Electric heater. WC 5' 6" (1.68m) x 2' 8" (0.81m): Low level WC. Opaque double glazed window. Radiator.
Outside balcony with views over the communal gardens which are mainly laid to lawn with mature colourful flower and shrub beds. Single garage with up and over door.
Tenure: Leasehold- 40 year Lease council tax band: C - £2,290.90 WHAT3WORDS ///hook.press.loyal maintenance: Approximately £5,158.58 per Annum - To be confirmed
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 12 The Gables, 18 Cranford Avenue, Exmouth
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