2-bedroom flat · EX2 4DD
For saleListed 21 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well-presented second-floor apartment in the sought-after St Leonards area, close to Exeter Quayside and the city centre.
Offering two double bedrooms, spacious sitting room, modern kitchen and bathroom, plus a garage and additional off-road parking.
Description A communal entrance door provides access to the building, with the apartment situated on the second floor.
Upon entering, the welcoming entrance hall provides access to all of the principal rooms and creates a practical central hub for the accommodation.
The generous sitting room is a bright and comfortable space, enjoying views over Swan Court and offering ample room for both substantial seating and dining furniture.
A feature fireplace provides a focal point to the room, adding to its homely feel.
The modern fitted kitchen is well-equipped with a good range of contemporary wall and base units, complemented by generous work surfaces and space for a range of appliances.
A window overlooking the rear provides plenty of natural light, while the practical layout makes excellent use of the available space.
There are two well-proportioned double bedrooms, both offering good levels of space and flexibility for bedroom furniture.
Completing the accommodation is a modern bathroom, fitted with a contemporary suite and walk-in shower enclosure.
The property also benefits from a garage ideal for secure parking or storage and one additional unallocated off road parking.
Location Swan Court forms part of the highly regarded Old Mill Close development in the sought-after St Leonards area of Exeter, enjoying a particularly convenient position close to the historic Exeter Quayside.
The area offers an excellent choice of cafés, restaurants, pubs and leisure facilities, while the city centre is also within easy reach.
The nearby Magdalen Road is well known for its independent shops, cafés, delicatessens and local amenities, while the Royal Devon & Exeter Hospital and County Hall are also conveniently accessible.
The surrounding Quayside provides attractive walking and cycling routes alongside the River Exe, making this an appealing location for those who enjoy being close to the water and outdoor spaces.
The property is also well positioned for access to Exeter's transport network, with regular bus services and Exeter St Thomas and Exeter Central railway stations within convenient reach.
The M5 and wider road network provide links towards the A30, A38 and surrounding areas, making Old Mill Close a well-connected location for both city living and commuting.
Agent notes To the best of the Vendors knowledge, they have advised the following: - Tenure: This apartment is leasehold Years Left Remaining: 88 Years Service charge: £1630 Ground rent: £160 Management Company: Arquero Electricity: Mains Heating: Gas Central Heating Gas: Mains Water: Mains Sewerage: Public Council Tax Band: D Council: Exeter City Council Parking: Garage and Parking Space Outside Property Garden: Communal Grounds Broadband speed: Full Fibre Broadband Available To Order Mobile Signal: Several networks currently showing as available at the property including Vodaphone & EE
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 18 Swan Court, Old Mill Close, Exeter
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