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See how verdicts work2-bedroom flat · EX4 6DH
For saleReduced £10k (−8.7%) on 3 OctListed 69 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated within the highly regarded retirement development of Kingsgate on Pennsylvania Road, this well-presented and thoughtfully updated two-bedroom leasehold apartment offers spacious, comfortable living in a secure and welcoming community setting.
Having benefited from a range of recent improvements, including a modern kitchen, contemporary bathroom, new storage heaters and a new water tank, the property is perfectly suited for those seeking a move-in-ready home with excellent amenities nearby.
The accommodation is well planned throughout and is centred around a generous lounge, providing an inviting space to relax.
The room offers ample space for both living and dining furniture, creating a versatile and practical living environment.
Adjoining the living accommodation is the newly fitted modern kitchen, which has been tastefully updated with contemporary units and work surfaces, offering both style and functionality.
Designed with ease of use in mind, the kitchen provides excellent storage and preparation space, making day-to-day living both convenient and enjoyable.
The apartment boasts two well-proportioned bedrooms, with the principal bedroom benefiting from useful built-in storage, helping to maximise floor space while providing practical wardrobe and storage solutions.
The second bedroom offers flexibility and could be used as a guest room, hobby room, study, or additional living space depending on individual requirements.
The accommodation is completed by a newly modernised bathroom, finished to a high standard with contemporary fixtures and fittings, creating a fresh and comfortable space.
A particular feature of the property is the abundance of storage available throughout, an increasingly rare and highly desirable benefit for apartment living.
Further enhancing the property's appeal are the recently installed new storage heaters and new water tank, providing improved efficiency and peace of mind for the next owner.
Externally, residents can enjoy access to the well-maintained communal gardens, offering outdoor areas to sit, relax and socialise with neighbours.
The development also benefits from resident off-street parking, ensuring convenient parking for homeowners and visitors alike.
Kingsgate is a popular retirement development, ideally positioned on Pennsylvania Road and offering excellent access to local amenities, transport links and the wider city.
Combining modern upgrades, generous accommodation and a sought-after retirement setting, this superb apartment presents an excellent opportunity for those looking to downsize without compromising on comfort, storage or convenience.
Please note that an aml fee is chargeable to the buyer once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks.
Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.
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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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
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FAQ
About 216, Kingsgate, Exeter
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