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See how verdicts work1-bedroom flat · EX8 1DA
For saleReduced £14.9k (−5.8%) on 21 JunListed 600 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The accommodation comprises: Communal entrance with door security intercom system giving access to: Communal hallway: Stairs and lift to first floor.
Private front door to the apartment giving access to: Lobby area: Laminate flooring, built-in airing cupboard housing hot water tank and electric boiler.
Door leads through to: Open-plan living accommodation: Bedroom area: 3.15m x 2.74m (10'4" x 9'0") With downlighters, wall lighting, radiator, laminate flooring and built-in wardrobe.
Kitchen area: 4.42m x 3.05m (14'6" x 10'0") A well equipped kitchen comprising of worktops with matching splashbacks with built-in oven and inset two ring ceramic hob, built-in microwave oven, stainless steel sink unit set into worktops with mixer tap, integrated fridge and freezer compartment, integrated washer dryer and dishwasher under worktops, wall mounted cupboards with concealed lighting beneath, wood laminate flooring, door entry phone.
Sitting/dining area: Exceptional living space with TV point, radiator, downlighters and wall lighting.
Double glazed double doors with matching windows overlooking and opening onto: Covered balcony: Gaining wonderful views over the marina.
Bathroom/WC: 2.16m x 1.93m (7'1" x 6'4") Fitted with modern suite comprising bath with jacuzzi spa bath with curved shower splash screen, WC with push button flush, wash hand basin with concealed system, extractor fan, pebble effect tiled floor and attractively tiled walls, fitted mirror over wash basin.
Outside: The apartment benefits from allocated parking space. Tenure: The property is Leasehold held on a 125 year lease from 2001. Maintenance Charge: Approximately £2,250 per annum.
Ground Rent: £391 per annum. Agents note: No pets are allowed without prior consent and granted by the management company.
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 Madison Wharf,17, Shelly Road, Exmouth
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