2-bedroom flat · EX2 7QW
For saleReduced £5k (−2.9%) on 7 OctListed 63 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in a convenient location, this well-proportioned leasehold two-bedroom flat offers bright and spacious accommodation throughout, making it an ideal purchase for first-time buyers, investors, or those looking to downsize.
Upon entering the property, you are welcomed into a central hallway providing access to all principal rooms.
The generous lounge offers an excellent living space, with patio doors leading directly onto a private balcony, creating the perfect spot to enjoy a morning coffee or unwind at the end of the day.
The separate kitchen is well-appointed with a range of wall and base units, providing ample storage and workspace for everyday cooking.
The property benefits from two good-sized bedrooms, both offering comfortable accommodation.
The master bedroom enjoys the added advantage of direct access to a second private balcony, allowing plenty of natural light to flood the room and providing an attractive outdoor retreat.
The second bedroom is versatile and could be used as a guest room, home office, or child's bedroom. A family bathroom completes the accommodation.
Externally, the property benefits from off-street parking, offering convenience and peace of mind for residents and visitors alike.
The balconies provide valuable outdoor space, while the flat's practical layout and well-balanced accommodation make it an appealing home for a variety of buyers.
Early viewing is highly recommended to appreciate the space, natural light and excellent features this property has to offer.
*Some images have been edited with ai to remove clutter to better show off the size and space of the property.
Please note that an aml fee is chargeable to the buyer once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks.
Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.
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
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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
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FAQ
About 11, Heraldry Walk, Devon
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