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See how verdicts work1-bedroom flat · EX8 5SE
Listing removedReduced £5k (−3.2%) on 25 AugListed 88 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The accommodation comprises: storm porch: With tiled flooring; access to storage cupboard; private front door leading to: Entrance hallway: Electric consumer unit; stairs rising to first floor.
Lounge: 5.49m x 4.5m (18'0" x 14'9") narrowing to 8'8 maximum overall measurement including stairwell recess.
Two double glazed windows to front aspect; further double glazed window to side elevation; night storage heater. Inner hallway: Coats cupboard; airing cupboard housing water cylinder.
Kitchen: 3.05m x 1.42m (10'0" x 4'8") Double glazed window to rear aspect; fitted with a range of wood effect work tops with tiled surrounds with cupboards, drawer units, plumbing for automatic washing machine and further appliance space beneath work tops; inset single drainer sink unit; built in electric hob; built in oven and filter extractor hood over; wall mounted cupboards.
Bedroom: 3.05m x 2.62m (10'0" x 8'7") Double glazed window to rear aspect; electric wall heater; built in wardrobe.
Bathroom/WC: Bath with shower unit over; Mira shower unit; shower curtain and rail; pedestal wash hand basin; WC; tiling to splash prone areas; wall mount Dimplex heater.
Outside: To the front of the property is a parking space for one car. Tenure: The property is Leasehold. We understand the property is held on a 999 year lease from 1995.
The vendor insures the property. Any external maintenance is split on a 50/50 basis with the ground floor flat.
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
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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 45, Byron Way, Exmouth
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