2-bedroom flat · EX13 5NQ
Listing removedListed 80 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A newly converted two-bedroom second floor apartment offering spacious accommodation with contemporary finishes throughout.
Situated in the heart of Axminster, the property features a separate modern fitted kitchen, spacious living room and quality fixtures throughout. EPC: C (77) No Smoking.
The modern kitchen is fitted with a built-in undercounter oven, induction hob with extractor above, stainless steel sink and drainer, and space for freestanding appliances.
Both bedrooms are generous doubles with front aspect windows, while the separate living room benefits from front and rear aspect windows, creating a bright and welcoming space.
The family bathroom is fitted with a modern white suite comprising a bath with shower facility, vanity wash hand basin and WC, with a cupboard housing the hot water tank.
Wood-effect Karndean-style flooring runs throughout the property, complemented by underfloor heating.
Approximate Dimensions: Living Area 4.23m x 4.04m Kitchen 4.66m x 2.15m Bedroom One 6.48m x 3.33m (Approx.) Bedroom Two 5.69m x 3.23m (Approx.) Bathroom 2.18m x 2.13m Heating type: Underfloor (Air Source Heat Pump) Parking: No Parking with the property, East Devon Council car park permits available nearby.
Services Mains Electricity, Water & Waste. Council authority East Devon Council Council Tax Band: To be confirmed.
Energy performance: C (77) rent £950.00 pcm holding deposit £219.23 (equals 1 weeks rent). The holding deposit can be used towards the Rent in Advance.
Note - The holding deposit is non – refundable, should you as a prospective tenant pull out of a tenancy prior to its commencement once referencing has been carried out, or give false or misleading information once referencing has been submitted.
Total fees £950.00 Rent in Advance £1096.15 Property Deposit of 5 weeks rent, to become the deposit held by the Deposit Protection Service for the term of the tenancy. Viewing Strictly by Appointment.
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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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 4, Merchants House, Victoria Place, Axminster
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