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See how verdicts work1-bedroom flat · EX2 6DE
Sold STCListed 171 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious one bedroom first floor apartment situated in a convenient and established residential area, the property benefits from easy access to local shops, schools, transport links and Exeter city centre.
With accommodation comprising Entrance Hall, Lounge, Kitchen, Bedroom, Bathroom and Rear Garden.
Offering huge potential for modernisation and updating throughout, making it ideal for buyers looking to create a home to their own specification or for investors seeking a value-add project.
Description A spacious one bedroom first floor apartment situated in a convenient and established residential area, the property benefits from easy access to local shops, schools, transport links and Exeter city centre.
With accommodation comprising Entrance Hall, Lounge, Kitchen, Bedroom, Bathroom and Rear Garden.
Offering huge potential for modernisation and updating throughout, making it ideal for buyers looking to create a home to their own specification or for investors seeking a value-add project.
Entrance hall Accessed by a part glazed front door, stairs to the first floor landing.
First floor landing Side aspect uPVC double glazed window, doors to the lounge, kitchen, bedroom, bathroom and access to the loft void above. Radiator.
Lounge 11' 2" x 9' 8" (3.412m x 2.955m) Front aspect uPVC double glazed window, television point, telephone point, radiator.
Kitchen 8' 2" x 7' 10" (2.500m x 2.413m) Front aspect uPVC double glazed window, fitted range of eye and base level units, stainless steel sink with a mixer tap and single drainer, rolled edge work surfaces, part tiled walls, electric cooker point, plumbing for a washing machine and further appliance space.
Bedroom 12' 0" x 10' 8" (3.669m x 3.256m) Rear aspect uPVC double glazed window, cupboard with a wall mounted boiler. Radiator.
Bathroom Side aspect uPVC double glazed frosted window, three piece white suite benefiting from a panel enclosed bath, low level WC, wash hand basin, part tiled walls, extractor fan and a radiator.
Garden Enclosed rear garden accessed via the side of the property. Lease information The lease length is 125 years left and the services charges are on an ad hoc basis split 50/50 with the flat above.
There is a peppercorn ground rent charge. Council insure whole building but do not ask for contribution from new owner.
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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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.
Area
Agent & docs
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FAQ
About 50a, Burnthouse Lane, Devon, England
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