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See how verdicts work2-bedroom flat · EX8 2ED
For saleReduced £10k (−5%) on 21 JunListed 417 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
External steps from the front garden lead up to the front door and into the communal hallway with further steps up to the internal flat door.
A small, but adequate hallway greets you with doors to all room and coat storage.
The lounge/diner has a large, low level front facing window which allows plenty of light and sunshine, wood laminate flooring and a panel radiator.
The re-fitted kitchen now boasts a near full length worktop with inset induction hob, oven under, extractor over, brick effect tiling, space for washing machine, integral fridge, plenty of cupboard space, wood laminate flooring and a front facing window.
The main bedroom has a large rear facing window, is a generous double, built-in double wardrobe, further built-in cupboard with the boiler in, built-in shelving either side of the bed and a panel radiator.
Bedroom 2 is front facing with built-in double wardrobe, further built-in cupboard and a radiator.
Outside, to the rear of the property, you have a communal garden with large patio and brick surrounded lawn area with a pathway leading to the garages.
The garage belonging to this property has recently had a new door fitted. The property has a share of the freehold with 947 years remaining on the lease.
The annual service charge is £1500 and covers building insurance, electricity in the communal areas, annual fire checks and general building maintenance.
Council tax band B Agents note: Japanese Knotweed has been located within the front garden of this building and the adjoining building, which a pca registered company has been treating.
Copies of latest site visits are available upon request and we believe the treatment has nearly finished and waiting to be signed off.
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
Agent & docs
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FAQ
About Flat 5, Howard Court, 29 Salterton Road, Exmouth
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