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See how verdicts work2-bedroom flat · EX1 2EY
For saleListed 66 days
Opportunity summary
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About
Introduction A very well presented and modern first floor two bedroom apartment with a leasehold interest of 976 years upto and including the 31st December 3002 benefitting from an open plan living room and kitchen/diner, upvc double glazed windows and gas central heating.
The property is situated in an excellent city centre location close to St Lukes University campus with a general store nearby.
THE ACCOMMODATION, WITH APPROXIMATE MEASUREMENTS, COMPRISES THE FOLLOWING Ground Floor: Communal entrance door to hallway and stairs to First Floor: Private entrance door to Hallway: Radiator, built in cupboard with hanging rail, wall mounted control panel for central heating, door entry phone, built in linen cupboard with slatted shelving.
Open Plan Kitchen/Living Room: 6.17m (20'3") x 3.91m (12'10") reducing to 3.02m (9'11") Two radiators, one and a half bowl stainless steel single drainer sink unit with hot and cold mixer tap and four ring gas hob set in L’shaped work surfaces with cupboards, drawers and appliance spaces below, plumbing for washing machine, built in electric oven, tiled splash backs, wall mounted cupboard units, cooker hood, wall mounted boiler supplying domestic hot water and central heating.
Bedroom One:4.34m (14'3") x 2.64m (8'8") Radiator, coved ceilings, aspect to the front. Bedroom Two: 2.84m (9'4") x 1.96m (6'5") Radiator, coved ceilings, aspect to the front.
Bathroom: 2.11m (6'11") x 1.70m (5'7") Radiator, panel bath with wall mounted mains mixer shower and screen, Pedestal wash basin with tiled splash backs, close coupled w/c, wall mounted medical cabinet, shaver point, extractor fan.
Agents Notes: EPC Rating: B (82) Council Tax: Exeter City Council Band B Lease Term: From and including the 8th October 2021 upto and including the 31st December 3002 Maintenance / Service: £1,281 per annum Service Charge Review: Annually Ground Rent: Zero Ground Rent Review: N/A The current owner has a share in the freehold title that will be transferred on completion of a sale.
It is also understood the new owner will have an option to take up a directorship in the management company. For further information regarding this property please contact Andy Wilkinson
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.
Area
Agent & docs
FAQ
About Belmont Mews, Clifton Road, Exeter
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