3-bedroom house · EX2 6GD
For saleReduced £5k (−1.4%) on 9 OctListed 141 days
Opportunity summary
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About
Description An excellent opportunity to purchase a well-presented modern home, built by Linden Homes in 2014, positioned in a quiet cul-de-sac.
Benefiting from gas central heating and double glazing, the accommodation is 1062 sq ft and includes an entrance hall with stairs rising to the first floor, and a ground floor WC fitted with a pedestal wash hand basin.
The light and spacious sitting/dining room features double glazed doors that open onto the lawned rear garden.
The kitchen is fitted with a good range of matching units and an integrated fridge/freezer, an electric oven and a four-ring gas hob with extractor above, space for a washing machine and dishwasher.
A double-glazed window overlooks the front. Upstairs, the landing has a cupboard containing the gas boiler.
There are three good-sized bedrooms in total, including a principal bedroom with en suite shower room.
The family bathroom is fitted with a modern white suite comprising a bath with shower and screen, wash hand basin, and WC.
Outside, the north westerly facing rear garden is mainly laid to lawn with a paved patio area adjoining the sitting room and a useful timber shed with an adjoining bin store.
There is two allocated parking spaces to the front of the property.
Situation Millstream occupies a great position, part of a sought-after development which is accessible to delightful walks and cycle paths along the River Exe with a regular bus service from nearby Topsham Road into the city centre.
The Cathedral city of Exeter has a wide range of retail and leisure facilities, a university and sixth form college.
Isca Academy, the Royal Devon & Exeter Hospital and Nuffield Hospital are also nearby.
Directions From Exeter city centre proceed along Topsham Road (A3015), through the traffic lights at Barrack Road and at the next set of traffic lights turn right into City Glade.
Follow the road around passing Gate Reach where the sign to Millstream will lead you to the property.
Services: The vendor has advised the following: Mains gas (serving the central heating boiler and hot water), mains electricity, water and drainage. Telephone landline currently in contract with Sky.
Broadband (FTTP) approx. Download speed 1800Mbps. Mobile signal: Several networks currently showing as available at the property including 02, EE, Three & Vodafone.
Agents Note: The Vendor has advised that First Port are the contracted Management Company for the City Glade development and management of the SUDs – Surface Underwater Drainage system – installed by the original developer.
The property is subject to a charge of £41.62 twice annually
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.
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FAQ
About 2, Millstream, Exeter
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