1-bedroom flat · EX2 5EJ
Sold STCReduced £20k (−20%) on 23 SepListed 124 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This well-presented one-bedroom retirement apartment, exclusively for the over 60s, offers comfortable and practical living within a well-regarded development in Heavitree.
The accommodation is thoughtfully arranged, comprising a spacious double bedroom, a modern bathroom, and a bright, welcoming lounge that provides an ideal space for relaxing, dining, and entertaining.
The property also benefits from a fitted kitchen and pleasant views, creating a light and peaceful living environment.
Residents have access to a communal lounge, perfect for socialising and enjoying a sense of community, as well as on-site laundry facilities.
Communal parking is available, providing added convenience for both residents and visitors.
Location Located in the popular Heavitree area of Exeter, the property enjoys a convenient position close to a range of local amenities, including shops, cafes, and healthcare services.
There are excellent transport links into Exeter city centre and surrounding areas, along with nearby green spaces for leisure and relaxation.
Heavitree remains a highly desirable location, known for its strong community feel and easy access to the wider city. Lease and service charge details to follow. EPC rating: C.
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
FAQ
About 12, The Maltings, Church Street, Exeter
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