Studio flat · EX4 4JN
To rentListed 241 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A studio flat situated in a highly central location close to Exeter's high street.
The flat is situated on the fourth floor and benefits from it's own private balcony, as well as use of the well-tended communal gardens.
The internal accommodation briefly consists of an entrance area with access to the shower room and to the open-plan living space.
The ideal central location enjoys many amenities nearby, including the numerous eateries and independent shops along Queen Street, as well as further shops and entertainment facilities in the city centre.
There is also Central Train Station just a short distance from the flat, as well as Bury Meadow Park and Northernhay Gardens.
Council Tax Band A No Pets/Smokers Minimum 6 Month Let Subject to Referencing and Affordability Checks A Holding Deposit of one week's rent will be requested to reserve the property.
A Tenancy Deposit of 5 weeks' rent will be required should an application be successful.
For full details of charges and fees please visit our website: Accommodation The front door opens to the entrance area which provides access to the open-plan living space and to the shower room, along with doors to two cupboards allowing ample built-in storage.
The open-plan living space enjoys double doors opening directly out to the private balcony which enjoys views across the communal gardens to the rear.
The kitchen area contains a range of matching wall and base units with fitted worktops, a tiled splashback and a stainless steel sink and drainer unit with a mixer tap over.
Appliances include an integrated oven with an electric hob and extractor hood over, along with a washer/dryer and a tall fridge freezer.
The shower room comprises a corner pedestal wash basin with a mixer tap over, a close-coupled WC and a shower cubicle. Additionally, there is a heated towel rail and an extractor fan.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Flat 71, Marcus House, New North Road, Exeter
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