We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom flat · EX1 2HR
Listing removedListed 82 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An opportunity to acquire a recently refurbished and modernised ground floor flat occupying a highly convenient position providing good access to local amenities, university and Exeter city centre.
Presented in superb decorative order throughout. Private entrance. Spacious lounge/dining room. Modern fitted kitchen. Double bedroom. Modern bathroom. Gas central heating. UPVC double glazing.
Ideal first time buy/investment purchase. No chain. Viewing recommended.
Accommodation in detail comprises (All dimensions approximate) Private part obscure uPVC double glazed front door leads to: Entrance vestibule Storage cupboard housing electric meter and consumer unit.
Cloaks hanging space. Door to: Lounge/dining room 15’6” (4.72m) maximum x 14’10” (4.52m). A well proportioned room. Television aerial point. Telephone point. Radiator.
Two uPVC double glazed windows to front aspect. Door leads to: Kitchen 9’4” (2.84m) x 5’10” (1.78m).
A recently installed modern kitchen fitted with a range of matching gloss fronted base, drawer and eye level cupboards. Single drainer sink unit with modern style mixer tap.
Wood effect roll edge work surface with tiled splashback. Fitted electric oven. Four ring electric hob with filter/extractor hood over. Integrated washing machine. Integrated fridge. Radiator.
Obscure uPVC double glazed window to rear aspect.
Obscure glazed internal door leads to: Inner hallway Airing cupboard, with fitted shelving and hot water tank, housing boiler serving central heating and hot water supply.
Door to: Bedroom 12’5” (3.78m) x 7’2” (2.18m). Radiator. Obscure uPVC double glazed window to side aspect. UPVC double glazed window to front aspect.
From inner hallway, door to: Bathroom 6’0” (1.83m) x 5’0” (1.52m). A recently refitted modern matching white suite comprising panelled bath with modern style mixer tap.
Wash hand basin with modern style mixer tap. Low level WC. Radiator. Part tiled walls. Light/shaver point. Obscure uPVC double glazed window to rear aspect. Tenure leasehold.
Our client has advised us that the property in question will own a 50% share of the Freehold, shared with the first floor flat who will also own 50% share of the Freehold.
A management company is currently being set up with the solicitors who are preparing a long lease. (Timescale to be confirmed).
Maintenance/service charge We await confirmation of the charge from our client material information Construction Type: Brick Mains: - Water, drainage, electric, gas Heating: Gas central heating Mobile: Indoors – Current data from Ofcom website: Mobile: Outdoors – Current data from Ofcom website: Broadband: Current data from Ofcom website: Flood Risk: Current data can be found on the website: Mining: No risk from mining Council Tax: Band A (Exeter) directions From Sidwell Street roundabout take the turning into Blackboy Road and continue to the traffic light junction.
Proceed straight ahead into Pinhoe Road taking the first right into St Johns Road. Viewing Strictly by appointment with the Vendors Agents.
Agents note The information given in these particulars is intended to help you decide whether you wish to view this property and to avoid wasting your time in viewing unsuitable properties.
We have tried to make sure that these particulars are accurate, but to a large extent we have to rely on what the seller tells us about the property.
We do not check every single piece of information ourselves as the cost of doing so would be prohibitive and we do not wish to unnecessarily add to the cost of moving house.
Once you find the property you want to buy, you will need to carry out more checks into the property than it is practical or reasonable for an estate agent to do when preparing sales particulars.
For example, we have not carried out any kind of survey of the property to look for structural defects and would advise any homebuyer to obtain a surveyor’s report before exchanging contracts.
If you do not have your own surveyor, we would be pleased to recommend one.
We have not checked whether any equipment in the property (such as central heating) is in working order and would advise homebuyers to check this.
You should also instruct a solicitor to check all legal matters relating to the property (e.g.
Title, planning permission, etc.) as these are specialist matters in which estate agents are not qualified. Your solicitor will also agree with the seller what items (e.g.
Carpets, curtains, etc.) will be included in the sale.
Please be aware that all measurements within these particulars are recorded with a sonic tape, and whilst every effort has been taken to ensure their accuracy potential purchasers are recommended to satisfy themselves before entering a contract to purchase.
Agents note money laundering policy Samuels Estate Agents are committed to ensuring that it has adequate controls to counter money laundering activities and terrorist financing activities, in line with the Money Laundering Regulations 2007.
Any prospective purchaser will be required to show proof of funds and identification. We ask for your cooperation on this matter in order that there will be no delay in the transaction.
EPC rating: D (58)
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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
.png)
FAQ
About 50b, St Johns Road, Exeter
Explore nearby