2-bedroom flat · EX8 2DD
For saleListed 106 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The accommodation comprises: Private front door giving access to: Entrance porch: Electric meter and consumer unit, inner door to: Lounge & kitchen area: Lounge area: Chimney recess with fire surround, modern electric heater, double glazed window, TV point, telephone point.
Kitchen area: Fitted with solid wood worktops with tiled surrounds, cupboards and drawer units beneath, inset single drainer sink unit with mixer tap, electric hob with electric oven below and filter extractor hood over, wall mounted cupboards, space for upright fridge/freezer, ceiling spotlighting, folding door to: Inner hallway: Electric night storage heater.
Bedroom 1: Night storage heater, double glazed stable style door giving access to the property’s decked sun terrace. Bedroom 2: Double glazed window, electric heater, storage cupboard.
Wet room/WC: Tiled shower area with Mira shower unit, shower curtain and rail, pedestal wash hand basin, WC with push button flush, extensively tiled walls, fitted wall mirror, ceiling extractor fan, access to roof space, electric towel rail, cupboard housing water cylinder.
Outside: To the front of the property there is a lawned area of communal garden and communal drying area and an allocated parking space.
To the rear of the property access via the main bedroom is an enclosed decked sun terrace providing excellent outside seating area.
Tenure: Service Charge: £80 per month, which includes the buildings insurance. We understand the property is held on a 189 year lease from June 1983.
The property also benefits from 1/10th share of the freehold. The main roof was replaced in 2025.
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
FAQ
About The Moorings,Flat 4, Maer Lane, Exmouth
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