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See how verdicts workStudio flat · EX4 4JN
Listing removedListed 191 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A very well presented top floor studio apartment situated in the city centre with new carpets to the entrance and new vinyl to all kitchen area and shower room.
The studio has just been redecorated throughout. Kitchen area comes with appliances. There is a balcony which enjoys sun into the evening. There is a shower room and a large storage cupboard.
The property is conveniently situated close to the railway station and is serviced by a lift. There is no parking provided with this property but permit parking is available nearby.
Marcus house Marcus house is a purpose built development constructed back in 2005. Marcus House is particularly popular given its proximity to the city centre, the railway stations and the bus depot.
Marcus House has a secure entrance with both stairs and a lift to all floors.
Reception hall From the communal hallway a door gives access to the reception area where there is a large storage cupboard as well as another cupboard housing the hot water tank.
Studio area 16' 9" x 13' 9" (5.129m x 4.205m) Spacious studio space with French doors out to the balcony which enjoys afternoon sun. There is a fitted kitchen with electric hob and fitted cooker.
Electric heaters and a free standing fridge freezer. This room has brand new carpet and vinyl and has been freshly decorated.
Shower room 5' 11" x 5' 1" (1.814m x 1.554m) 3 piece suite comprising of an enclosed shower cubicle, a pedestal wash basin and a low level w/c.
There is a heated towel rail and new vinyl has just been fitted.
Letting potential Marcus house is very popular for tenants and our Lettings Department estimate a current rental estimate to be £800 pcm which represents a gross rental yield of 8.9%.
For more information please contact our letting team. Anti money laundering checks Agents are required by law to conduct anti-money laundering checks on all those buying a property.
We outsource the initial checks to a partner supplier Landmark who will contact you once you have had an offer accepted on a property you wish to buy. The cost of these checks is £25 + VAT per person.
This is a non-refundable fee. These charges cover the cost of obtaining relevant data, any manual checks and monitoring which might be required.
Servcie charges and ground rent The Service Charge is approx: £1855.92pa and the Ground Rent is £320.94pa.
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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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 advisers 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
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FAQ
About 79, Marcus House, Exeter
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