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See how verdicts work2-bedroom flat · EX1 3DX
For saleListed 124 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description Shared Ownership Opportunity - 25% Share Available Are you looking for a shared ownership property?
This modern two-bedroom apartment offers the opportunity to purchase a 25% share in a well-presented home, ideally located for convenient family living and commuting.
Situated on the middle floor, the apartment features a welcoming entrance hallway providing access to all rooms.
The spacious open-plan living, dining, and kitchen area creates an ideal space for relaxing and entertaining.
There is a generous principal bedroom, a second large double bedroom, and a contemporary family bathroom.
Externally, the property benefits from an allocated parking space to the front of the apartment building.
Location Celtic Close is ideally positioned within easy reach of Pinhoe Train Station, local parks, and a variety of supermarkets.
The property also falls within the sought-after catchment area for Monkerton Primary School, making it particularly appealing to families.
Excellent transport links and convenient access to the M5 provide easy connections in and out of Exeter.
Shared Ownership Eligibility Applicants will need to meet the qualifying criteria for shared ownership.
Before arranging a viewing, please ensure you satisfy the following requirements: Gross household income of less than £80,000 per annum.
If applicable, a memorandum of sale confirming your existing property has been sold. Confirmation that you are unable to afford to purchase a suitable property on the open market.
Evidence of a sufficient deposit and funds available to cover associated purchase costs. Please contact us for further information regarding eligibility and the application process.
Rent: £376.43 Building Insurance: £12.72 Service Charge: £80.31 Sinking Fund Contribution: £3.87 Total monthly charge: £473.33.
Council Tax Band: A Tenure: Leasehold (118 years) Service Charge: £96.9 per month Shared Ownership: 25% being sold, £376.43 per month rental payments The property is held on a 125-year lease from 2019, with approximately 118 years remaining at the date of instruction.
The maintenance charge includes service charge, building insurance and the reserve fund payment. Maintenance charge includes building insurance.
Entrance Is access via communal hallway, stairs leading up to apartment, door to side aspect. Entrance Hall Radiator, two large storage cupboards, doors to family bathroom.
Bathroom Matching three piece suite, panel bath, mixer shower over, glass screen, pedestal basin, mixer tap, low level wc, radiator.
Open Plan Kitchen / Family / Dining Room A range of fitted wall and base units with roll top work surfaces, integrated electric oven, electric hob, extractor fan over, inset stainless steel sink and drainer with mixer tap over, space and plumbing for washing machine, space for free standing fridge freezer.
The living/dining area has two radiators, front double glazed window, side double glazed window. Master Bedroom Generous double bedroom, radiator, side double glazed window.
Bedroom 2 Double bedroom, radiator, front double glazed window. Outside There is allocated parking space for one vehicle.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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.
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FAQ
About 35 Celtic Close, Exeter
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