3-bedroom flat · EX4 7BU
Listing removedListed 219 days
Opportunity summary
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About
Description This is a spacious first floor three-bedroom apartment within this purpose-built student development, with an allocated parking space.
A Tenancy is in place for the 2026/2027 academic year, let to students providing a rental income of £2,079 per calendar month making it an ideal investment opportunity.
The accommodation also provides a semi open plan living room and kitchen, large shower room, benefitting from gas central heating and Upvc double glazed windows.
There is an allocated off-road parking space.
The property is situated in a popular residential location for students having ease of access to both of Exeter University’s campuses as well as Exeter City Centre and a general store nearby.
THE ACCOMMODATION, WITH APPROXIMATE MEASUREMENTS, COMPRISES THE FOLLOWING Ground Floor: Secure main entrance door to Communal Hallway: Stairs rising to first floor.
Private Entrance Door Hallway: Door entry phone, wall mounted control panel for central heating.
Living Room: 4.60m (15'1") x 2.24m (7'4") Radiator, aspect to the rear and semi open plan to Kitchen: 2.62m (8'7") x 2.29m (7'6") Radiator, stainless steel single drainer sink unit with hot and cold mixer tap, four ring halogen hob, both set in work surfaces with cupboards, drawer, appliance space below, plumbing for washing machine, built in electric over, wall mounted cupboards units and boiler supplying domestic hot water and central heating, cooker hood.
Bedroom One: 3.33m (10'11") x 2.26m (7'5") Radiator, aspect to the front. Bedroom Two: 3.28m (10'9") x 2.31m (7'7") Radiator, aspect to the front.
Bedroom Three: 3.02m (9'11") x 2.90m (9'6") Radiator, aspect to the front with an additional corner window.
Shower Room/Wc: 2.62m (8'7") x 2.54m (8'4") Radiator, large shower tray with wall mounted mains mixer shower and screen door, close coupled w/c, wash hand basin with cupboard below, vanity surface with shelving below, extractor fan.
Parking: Allocated parking space.
Agents Notes: Council Tax: Exeter City Council – Band B EPC Rating B (82) Length of Lease: Original lease was 999 years from 10thof January 2005 – 978 years remaining.
Annual Ground Rent: N/a (Has a share of the freehold title) Ground Rent Review: N/a Annual Service Charge: Buildings Insurance contribution only Service Charge Review: N/a For further information regarding this property please contact Andy Wilkinson who has personally inspected this property.
VIEWING BY APPOINTMENT WITH CARDENS RESIDENTIAL SUBJECT TO A MINIMUM Of 24 HOURS NOTICE REQUIRED.
Value & comps
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Returns
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Archie refurb estimate: a Pro feature
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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.
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