3-bedroom flat · EX4 6LX
Let agreedListed 19 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Student rental property at £165.00 per person per week: Very central, three double bedroom furnished apartment with spacious lounge, recently fitted kitchen with appliances and fitted bathroom/shower.
The property is within close walking distance of the city centre and university main campus.
Entrance Wooden front door to: Entrance hallway 11' 1'' x 7' 10'' (3.40m x 2.40m) Large bay window to side elevation. Curtain track and curtains over. Ceiling light. Light switch.
Great area for bike storage/surfboards, etc. Coat hooks. First floor Stairs to first floor landing: Radiator. Ceiling light. Power point. Light switch. Central heating programmer.
Door to: Kitchen 11' 2'' x 7' 3'' (3.42m x 2.23m) Double glazed window to rear elevation. Ceiling light. Wood effect flooring. Radiator. Free standing gas cooker. Dishwasher. Washer/drier.
Fridge and separate freezer. Extractor fan over cooker. Stainless steel sink and drainer with chrome mixer taps. Formica roll edged work surfaces. Tiled splashback. Good range of wall and base units.
Combi central heating boiler. Power points. Bedroom One 11' 3'' x 12' 9'' (3.43m x 3.89m) Double glazed window to side elevation. Roller blind over. Sash window to front elevation.
Curtain track and curtains over. Large built-in wardrobe with hanging rail and cupboard over. Radiator. Ceiling light. Power points. Light switch.
Bathroom 7' 8'' x 6' 1'' (2.36m x 1.88m) Sash window to front elevation. Enclosed ceiling light. Large chrome heated towel rail. Pedestal wash hand basin with mirror, shelf and shaver socket above.
Low level WC. Bath. All in white with chrome furniture. Bath area fully tiled with power shower over and curtain track and curtain. Vinyl flooring. Light pull cord.
Living Room 15' 4'' x 13' 6'' (4.69m x 4.12m) Double glazed windows to front and side elevation. Curtain track and curtains over. Ceiling light.
Electric fire and marble surround and wooden mantle over. TV point. Various power points. Radiator. Light switch. Second floor Stairs to second floor landing: Sky light. Smoke detector.
Light and switch. Door to: Bedroom Two 11' 3'' x 8' 6'' (3.45m x 2.60m) Sash window to front elevation. Curtain track and curtains over. Ceiling light. Storage cupboard in eaves. Light switch.
Radiator. Power points. Bedroom Three 7' 7'' x 14' 0'' (2.32m x 4.27m) Sash window to front elevation. Curtain track and curtains over. Ceiling light. Radiator. Power points. Light switch.
Outside To the front is resident's parking, where two permits can be obtained from Exeter City Council
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
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FAQ
About 1B, Herschell Road, Exeter
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