2-bedroom flat · EX5 2JD
For saleReduced £10k (−5.3%) on 21 JunListed 176 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A very spacious 2 bedroom ground floor apartment set in a stunning rural location.
This 1200 Square foot apartment has a large kitchen breakfast room, lounge, master bedroom with en-suite, family bathroom, and access to landscaped communal gardens This two-bedroom ground floor apartment offers generous living accommodation and excellent potential for modernisation throughout.
The property features a particularly spacious kitchen fitted with an oven, hob and extractor fan.
There is ample room for storage and food preparation, along with sufficient space to accommodate a breakfast table and chairs, making it a practical and sociable area.
The kitchen is finished with laminate wood-effect flooring.
The living room is well-proportioned and benefits from a feature fireplace and two large windows, allowing plenty of natural light to fill the room. There are two good-sized bedrooms, both carpeted.
The principal bedroom enjoys the benefit of an en-suite shower room, while the second bedroom is also a generous size and well suited for guests, family members or home working.
The family bathroom comprises a shower, toilet and wash hand basin, and includes a useful storage cupboard. Both bathrooms are finished with tiled flooring.
Externally, the apartment benefits from an allocated parking space and large communal grounds situated to the front of the building.
Farringdon House is set within a pleasant rural location, offering a peaceful setting while still providing a well-laid-out and spacious home, ideal for those looking to modernise and add value.
Lease length - 999 years from 1 January 1999
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 3, Farringdon House, Exeter
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