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See how verdicts work1-bedroom flat · EX1 2FG
Sold STCListed 223 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
FULL DESCRIPTION A spacious and well-presented apartment located in the heart of the City Centre, offering immediate access to a wealth of amenities including shops, restaurants, and the Quay.
This property is in excellent decorative order and ready for immediate occupation, making it an ideal choice for first-time buyers or investors looking for a low-maintenance opportunity in a prime location.
Upon entering the building, residents benefit from a secure intercom system, and although the apartment is conveniently situated on the ground floor, the building also provides lift access for added ease.
The kitchen is well-equipped with a stainless steel single drainer sink unit, an electric oven with four-ring hob, generous work surfaces, cupboards and drawers, and appliance space including room for a fridge/freezer.
Tiled splashbacks, a cooker hood, and an extractor fan complete the space.
The open-plan living and dining area is impressively spacious, offering plenty of room for a comfortable sofa and dining table.
Double UPVC doors open out, filling the room with natural light and creating a bright, welcoming atmosphere. The modern fitted kitchen with integrated appliances joins with the living/dining area.
There is lots of storage for those kitchen essentials and ample worktop space.
The bedroom is a large double with a generous window that also brings in plenty of light, providing a calm and relaxing retreat.
The bathroom features a clean, white suite consisting of a low-level WC, pedestal hand wash basin, and a bath with shower over and a glass screen. A shaver point and extractor fan are also included.
This is a fantastic opportunity to acquire a stylish, centrally located apartment that's ready to move into, whether you're stepping onto the property ladder or looking to add to your investment portfolio.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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

FAQ
About Red Lion Lane, Exeter
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