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See how verdicts work1-bedroom flat · EX2 6BX
Sold STCListed 123 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Underhill Estate Agents are delighted to bring to market this CHAIN FREE, one bedroom, top floor apartment with its own front door and large garden in Wonford, Exeter.
This apartment would benefit from modernising but has great potential and benefits from a very spacious private garden, a good sized living room, kitchen, bathroom and double bedroom.
Located within close proximity to Exeter R, D & E Hospital, local shops, supermarkets, and local bus routes.
Own Front Door to: Entrance Hall: Stairs to first floor landing, brand new upvc double glazed front door, coat hanging space, upvc double glazed window to front and floorboards.
First Floor Landing: Loft access and doors leading to all rooms. Two large storage cupboards and wooden floorboards.
Living Room: Spacious living room with picture rails, ceiling light point, gas fire with tiles surround, built in cupboards, upvc double glazed window to rear and wooden floorboards.
Bedroom: Double bedroom with picture rails, ceiling light point, upvc double glazed window to front and wooden floorboards.
Kitchen: A fitted kitchen with a range of cream wall, base cupboards and drawers with worktops, single bowl stainless steel sink with drainer, space for washing machine, space for cooker, double glazed window overlooking garden, walls tiled to splash prone areas, ceiling light point and wooden floorboards.
Shower Room: Wet room style bathroom with walk in electric shower, close coupled WC, wall mounted corner wash hand basin, heater towel rail, obscured glass double glazed window to the rear, aqua panelling to walls, ceiling light point and vinyl flooring.
Outside: To the rear of the property, accessed from a footpath is a spacious garden with mature trees and plants which requires clearing and landscaping.
Surrounded by walls and fencing with its own path to access.
Tenure: Leasehold Lease Length: 125 years from 29th January 1990 (89 years remaining) Freeholder : Exeter City Council Current Ground Rent: £26 per quarter (Includes Insurance) Current Service Charge: £95.33 per quarter EPC Rating: Pending Council Tax: Band A Parking: On street parking
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
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FAQ
About Wonford, Exeter
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