2-bedroom flat · EX4 4HW
For saleReduced £10k (−4.8%) on 18 SepListed 355 days
Opportunity summary
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About
Summary guide price £210,000 - £220,000 A 2 bedroom with a further room that could be used as an office or gym space, first floor apartment located close to Exeter St David's train station, university and the city centre.
Outside the home also has a secure gated parking space.
Description guide price £210,000 - £220,000 - This immaculately presented first-floor apartment offers stylish and spacious living in a convenient location close to Exeter St Davis's train station, university and the city centre.
The property features two well-proportioned bedrooms and an additional versatile room, ideal for use as a home office or gym.
Benefiting from secure gated parking and being offered with no onward chain, this apartment combines modern comfort with practicality.
The accommodation comprises:- Entrance hallway, lounge/diner/ kitchen, utility area, office/gym space, shower room/WC and 2 bedrooms.
Kitchen/ Diner/ Living Room 23' 4" max x 15' 9" max ( 7.11m max x 4.80m max ) Two double glazed front aspect windows, two electric heaters, breakfast bar, base units, work surfaces, electric oven and hob, extractor fan, built-in dish washer, tiling, shelving, space for fridge freezer.
Utility Area Plumbing for washing machine, space for tumble dryer, shelving, cupboard with storage and water tank. Office/ Gym Electric heater.
Shower Room Double shower cubicle with electric shower, low level toilet, wash hand basin, tiling, extractor fan.
Bedroom 1 15' 6" max x 8' 2" max ( 4.72m max x 2.49m max ) Double glazed front aspect window, electric heater.
Bedroom 2 10' 3" x 9' 5" ( 3.12m x 2.87m ) Double glazed front aspect window, electric heater. Parking One allocated parking space.
Agents Notes: The flat has a newly created lease which is pending registration at Land Registry.
The advertised lease details have been provided by the seller as a guide only and subject to confirmation.
We recommend that you seek guidance with regards to any financial arrangements and timeframes associated with this process to ensure that it will meet your requirements.
Terms of Lease: 999 years from 01/01/2024 Ground Rent: Peppercorn Service Charges: 15% of the total service costs 1.
Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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
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FAQ
About Greenslades, Cowley Bridge Road, Exeter
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