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See how verdicts work2-bedroom flat · EX2 7SA
For saleReduced £6k (−3.2%) on 24 OctListed 18 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located in the popular Newcourt area of Exeter, just a short distance from ikea, this beautifully presented two-bedroom leasehold apartment, making it an excellent opportunity for first-time buyers to get onto the property ladder with benefit of no-chain.
The property is light, spacious and well maintained throughout, offering modern accommodation that is ready to move into.
At the heart of the home is the impressive open-plan lounge/diner, a bright and welcoming space featuring an attractive bay window that allows plenty of natural light to flood the room.
The versatile layout provides ample space for both comfortable seating and a dining area, making it ideal for everyday living as well as hosting family and friends.
The modern kitchen is fitted with a range of contemporary units and work surfaces, providing excellent storage and preparation space.
There are two well-proportioned bedrooms, both offering comfortable accommodation and flexibility for a variety of buyers.
Whether used as a guest room, home office, or nursery, the second bedroom provides valuable additional space.
The property is served by a stylish modern bathroom, finished to a good standard with a contemporary suite.
One of the standout features of this apartment is the abundance of storage space throughout, helping to keep the home organised and clutter-free.
Additional benefits include off-street parking and efficient modern living in a highly convenient location.
Newcourt is a thriving and desirable residential area, popular with professionals, couples and young families alike.
The property enjoys easy access to local shops, supermarkets, schools, parks and leisure facilities, while excellent transport links, including nearby road connections and Newcourt railway station, provide convenient access into Exeter city centre and beyond.
Combining bright and spacious accommodation, modern interiors, ample storage and a fantastic location, this attractive shared ownership apartment represents a wonderful opportunity to enjoy comfortable and affordable home ownership in one of Exeter's most sought-after locations.
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 39, Newcourt Way, Devon
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