2-bedroom flat · EX2 4HL
For saleReduced £10k (−5.6%) on 10 OctListed 274 days
Opportunity summary
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About
Detailed Description A rare opportunity to acquire this two bedroom Grade II listed ground floor flat situated in the desirable area of St Leonard's and within close proximity to Exeter City Centre, Exeter Historic Quayside and the popular Magdalen Road shops and eateries.
The property benefits from good size living accommodation, communal garden and allocated parking. EPC F, Council Tax Band B, Leasehold. Communal front door to..: Communal hallway. Own front door to..
entrance vestibule: Electric radiator, door to.. Hallway: Electric radiator, door to..
Lounge: 4.6m x 3.7m (15'1" x 12'2") , Double glazed window to the side, glazed double door to the rear garden terrace, electric radiator.
Kitchen: 3.3m x 2.2m (10'10" x 7'3") , Base cupboards and drawers with worktop over, one and a half bowl sink and drainer with mixer tap, built in oven and hob with extractor over, space for fridge freezer, built in washing machine, hot water cylinder within a utility cupboard, wall mounted cupboards, double glazed window to the side.
Bedroom 1: 5.0m x 3.2m (16'5" x 10'6") , Double glazed window and door to the rear, electric radiator, built in storage cupboard.
Bedroom 2: 2.2m x 2.2m (7'3" x 7'3") , Double glazed windows to the rear, electric radiator. Wet room: Close coupled WC, wash hand basin, wall mounted electric shower.
Outside: The property benefits from a communal garden and allocated parking space.
Lease information: Lease length: 999 years from 1 April 2008 Service charges: £110.00 pcm Ground rent: 1 peppercorn (if demanded) agents note: The property is a Grade II listed building and is within a conservation area.
Fraser & Wheeler Estate Agents endeavour to provide accurate, reliable, and up-to-date information in all marketing materials and communications.
However, the details supplied are for guidance only and do not form part of any contract. No warranty is given as to the completeness or accuracy of the information provided.
Prospective purchasers are strongly advised to conduct their own investigations, inspections, surveys, and all usual due-diligence enquiries prior to proceeding with any purchase.
Buyers should also raise any queries or concerns with their legal representative and obtain independent legal advice before exchanging contracts.
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 2 Ernsborough Court, Fairpark Road, Exeter
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