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See how verdicts work2-bedroom flat · EX1 3FX
For saleReduced £10k (−5.3%) on 4 AugListed 119 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description Situated within a popular and well-established residential development on the eastern side of Exeter, this beautifully presented two-bedroom ground floor apartment offers stylish, low-maintenance living complete with its own private enclosed garden and an allocated parking space.
Ideally suited to first-time buyers, professional couples, downsizers and buy-to-let investors alike, the property enjoys excellent access to local amenities, transport links and the city centre.
The accommodation is presented in excellent decorative order throughout and comprises a welcoming entrance hall leading to a bright and spacious open plan living, kitchen and breakfast room, creating an ideal space for both everyday living and entertaining.
Double doors open directly onto the private rear garden, seamlessly connecting the indoor and outdoor spaces.
The garden has been thoughtfully designed for ease of maintenance, featuring a generous patio seating area and lawn, making it perfect for relaxing or al fresco dining.
There are two well-proportioned double bedrooms, together with a contemporary family bathroom finished to a modern standard.
Elsie Place forms part of a sought-after development approximately two miles from Exeter city centre and offers convenient access to a wide range of everyday amenities.
Nearby supermarkets include Aldi, Lidl, Sainsburys and Tesco Superstore at Digby, while the Rydon Lane Retail Park provides further shopping options including B&M, Costa Coffee and Pets at Home.
The nearby Sowton Industrial Estate also offers a variety of retailers, gyms and employment opportunities.
The property is exceptionally well connected, with Digby & Sowton and Pinhoe railway stations both within easy reach, providing regular services to Exeter St Davids, Exmouth and beyond.
Excellent road links are available via the A30, M5 (Junctions 29 and 30), A379 and A38, making commuting straightforward.
Exeter International Airport is also just a short drive away, while regular bus services connect the area with the city centre, the Royal Devon University Healthcare nhs Foundation Trust (Wonford), the Met Office and surrounding districts.
Families are well served by a selection of highly regarded schools, including St Nicholas Primary School, Pinhoe Church of England Primary School and Westclyst Community Primary School, with secondary education available at St Luke's Church of England School and St Peters High School.
The nearby University of Exeter and Exeter College further enhance the area's appeal.
For leisure and dining, residents can enjoy a variety of popular pubs, cafés and restaurants nearby, including Miller & Carter, Toby Carvery and The Pinhoe Hoard.
The picturesque Exeter Quayside, Riverside Valley Park and Ludwell Valley Park are also within easy reach, offering beautiful walks, cycling routes and outdoor recreation.
Combining contemporary accommodation, private outdoor space, allocated parking and an exceptionally convenient location close to excellent amenities and transport connections, this is a fantastic opportunity to acquire a move-in-ready home in one of Exeter's most accessible residential locations.
By law, we are required to conduct anti-money laundering checks on all potential buyers and we take this responsibility very seriously.
If your offer to purchase a property is accepted (subject to contract), you will need to satisfy the requirements set out in the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.
To comply with these obligations, we work with an independent third-party provider, Coadjute, to complete id verification, aml checks, and source of funds checks.
A non-refundable fee of £27 plus VAT (per person) applies for these checks and Coadjute will handle the payment for this service.
These anti-money laundering checks must be completed before we can send the memorandum of sale to the solicitors to confirm the sale.
As a regulated Sales Agent, we are required to be part of an approved redress scheme.
We are members of The Property Ombudsman, which is a government-approved scheme providing independent dispute resolution. From time to time, we may introduce buyers or sellers to The Mortgage Quarter.
Use of their services is entirely optional. If you choose to proceed with them, please be aware that we may receive an average referral payment of £200 for the introduction.
Stamp Duty Land Tax (sdlt) may be payable on your purchase.
We advise speaking with your solicitor or legal representative to confirm what, if any, amount is due based on the latest government guidelines.
Council Tax Band: B Tenure: Leasehold (115 years) Ground Rent: £125 per year Service Charge: £1,200 per year
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 30 Elsie Place, Exeter
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