2-bedroom flat · EX4 6LG
For saleReduced £20k (−9.5%) on 1 OctListed 99 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on the sought-after Old Tiverton Road, within easy reach of Exeter City Centre, this spacious two-bedroom ground floor flat offers a fantastic combination of character, convenience and outdoor space.
Benefitting from a private entrance, off-street parking and an exceptionally generous garden, this well-presented home is ideally suited to first-time buyers, downsizers and investors alike.
Accessed via its own private entrance, the property provides a welcoming sense of independence often associated with a house rather than a traditional flat.
Inside, the accommodation is bright and airy throughout, with a spacious lounge enjoying plenty of natural light and offering an ideal space to relax and unwind after a busy day.
The modern kitchen has been thoughtfully designed to provide ample storage and worktop space, creating a practical and attractive setting for everyday cooking.
The property further benefits from two well-proportioned bedrooms, both offering flexible accommodation for a range of buyers, whether used as sleeping accommodation, a home office, or a guest room.
One of the standout features of this property is the impressive rear garden.
Rarely found with flats, this substantial outdoor space has been designed with low maintenance in mind and comprises attractive pebbled and AstroTurf areas, providing plenty of room for outdoor seating, children's play equipment, or simply enjoying the warmer months.
The garden offers a versatile extension of the living space and is perfect for those seeking the benefits of outdoor living without the upkeep of a traditional lawn.
Further enhancing the property's appeal is the convenience of off-street parking and a lease with approximately 980 years remaining, providing long-term peace of mind for future owners.
Located close to Exeter City Centre, the property enjoys easy access to a wide range of shops, restaurants, cafés, leisure facilities and excellent transport links, including nearby train stations and major road connections.
The area is also well served by local amenities, making it a highly desirable location for both owner-occupiers and investors.
Offering bright and well-maintained accommodation, outstanding outdoor space and a highly convenient city location, this charming two-bedroom flat represents a superb opportunity to acquire a home that is ready to move into and enjoy.
Value & comps
No previous sales on record.
Returns
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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 Flat 1, 21, Old Tiverton Road, Devon
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