1-bedroom flat · EX2 8TP
Listing removedListed 115 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in the highly sought-after area of Alphington, this well-presented one bedroom ground floor apartment offers comfortable, low-maintenance living with the added benefit of a generous private garden.
The property features a bright and spacious sitting/dining room, alongside a modern fitted kitchen complete with an integrated oven and hob, with space for a fridge/freezer and plumbing for a washing machine.
The double bedroom benefits from fitted wardrobes, providing excellent built-in storage, while the contemporary shower room is finished to a good standard.
A standout feature of the property is the large, fully enclosed private rear garden, offering an ideal space for relaxing or entertaining.
The garden also includes a greenhouse, useful storage shed and convenient side access, perfect for bicycles and outdoor equipment.
Further benefits include modern electric heating, double glazing throughout, and an allocated off-road parking space.
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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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 Corn Mill Crescent, Exeter, Devon, EX2
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