2-bedroom flat · EX4 3RD
Sold STCListed 390 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious, two bedroom, second floor apartment offered to the market with no onward chain.
Located within the popular development of Richmond Court, the development is centrally situated and offers excellent access to the High Street, University Campus and St Davids & Central Train Stations.
The well presented accommodation comprises entrance hall, open plan living/dining room with modern fitted kitchen, two bedrooms, an ensuite shower room to the principle bedroom and a bathroom.
Outside the property enjoys the use of an allocated parking space. Naomi J Ryan Estate Agents are delighted to bring this property to the market for sale and highly recommend internal viewing.
Leasehold Information - Length of Lease: 150 Years from 2005 Annual Service Charge: £2735.24 Annual Ground Rent: £130 (included in Service Charge) Service Charge Review Period (Year/Month): Annually on 1st January Ground Rent Review Period: The Ground rent is subject to review every 25 years from the commencement of the date of the lease.
Material Information - Construction notes: Brick Heating: Gas Central Heating Utilities: Connected to Mains Gas, Water & Electric Broadband and Mobile Coverage: For an indication of specific speeds and supply or coverage in the area, we recommend checking with Ofcom by visiting their web site.
360 Virtual Tour - A 360 degree Virtual Tour is available to view on our web site. Referral Fee Disclosure - We recommend sellers and/or potential buyers use the services of The Mortgage Quarter.
Should you decide to use the services of The Mortgage Quarter you should know that we would expect to receive a referral fee of £200 from them for recommending you to them.
You are not under any obligation to use the services and can seek alternative providers of these services. Further information is available on our web site.
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 advisors 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
Agent & docs
FAQ
About Richmond Court, Exeter
Explore nearby
