2-bedroom flat · EX1 3JL
Sold STCReduced £10k (−6.7%) on 20 MayListed 343 days
Opportunity summary
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About
SUMMARY GUIDE PRICE £140,000-£150,000 A 2 bedroom SECOND FLOOR APARTMENT in a cul-de-sac, located in the Whipton area of Exeter close to local schools, shops, amenities and transport links.
The property is ready to move into and has a balcony area and a lawned garden at the rear. NO CHAIN!
DESCRIPTION GUIDE PRICE £140,000-£150,000 A 2 bedroom SECOND FLOOR APARTMENT in a cul-de-sac, located in the Whipton area of Exeter close to local schools, shops, amenities and transport links.
The property is ready to move into also has a lockable storage room, balcony area ideal for enjoying morning breakfast and a lawned garden at the rear with further brick built storage. NO CHAIN!
The accommodation comprises:- Communal entrance hallway, entrance hallway, lounge/diner, kitchen, 2 bedrooms, separate WC and bathroom.
Agents Note There is an easement on the title, please enquire with the branch, Communal Entrance Hall Storage cupboard. Stairs to second floor.
Entrance Hall Double glazed side aspect door, storage cupboard with shelves, laminate floor, wall mounted radiator.
Living/ Dining Room 10' 6" x 11' 4" max ( 3.20m x 3.45m max ) Double glazed front aspect window, double glazed door to balcony area with wrought iron railings, laminate floor, wall mounted radiator.
Kitchen 9' 9" x 7' 5" ( 2.97m x 2.26m ) Double glazed rear aspect window, wall and base units, work surfaces, electric oven, gas hob, tiling, stainless steel sink unit, space for fridge freezer, boiler, plumbing for washing machine, extractor fan, storage area with shelving, wall mounted radiator.
Bathroom Double glazed obscured rear aspect window, bath with electric shower over, wash hand basin, tiling, wall mounted radiator.
Separate Wc Double glazed obscured rear aspect window, tiled floor, wall mounted radiator. Bedroom 1 11' 6" x 11' 5" ( 3.51m x 3.48m ) Double glazed front aspect window, wall mounted radiator.
Bedroom 2 10' 9" max x 10' 5" max ( 3.28m max x 3.17m max ) Double glazed rear aspect window, wall mounted radiator. Outside Lawned garden at rear, brick built store.
We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.
1.
MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
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.
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