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See how verdicts work1-bedroom flat · EX2 4HY
For saleReduced £10k (−5.6%) on 21 JunListed 269 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A fantastic opportunity to acquire a well-located, one bedroom ground floor flat in one of Exeter’s most sought-after central districts.
Positioned on Magdalen Street, this property benefits from a prime city-centre location with excellent amenities, transport links and lifestyle attractions right on your doorstep.
The property forms part of a charming period building with attractive architectural features reflective of the character streetscape.
Inside, the accommodation has been thoughtfully arranged to offer comfortable and practical living space, making this an ideal purchase for first-time buyers, professionals, investors or those looking for a city base.
Upon entering the property, you are welcomed into a bright and inviting living area that flows seamlessly into the well-appointed kitchen.
The accommodation comprises a generous living/dining room, a double bedroom with walk in wardrobe, and a modern bathroom suite.
The layout maximises usable space, providing ease of living in a compact format. One of the major selling points of this property is its location.
Magdalen Street sits within easy walking distance of Exeter’s major retail and cultural hubs, including the High Street and Princesshay Shopping Centre, bringing an excellent array of shops, cafés, bars and restaurants within a few minutes’ stroll.
The nearby Magdalen Road area is a vibrant local village-style strip featuring independent delis, artisan food shops, cafés and bakeries, voted among the “top cool” shopping streets in the world, adding unique character and convenience to everyday life.
Commuting and connectivity are excellent, with Exeter Central railway station reachable on foot or by bike, providing regular services to Bristol, London and beyond.
Local bus services serve the city and regional routes, and the M5 motorway is easily accessible for travel further afield.
This superb city centre location also offers exceptional lifestyle benefits, with the historic Quayside and its waterside bars and eateries a pleasant walk from the door, as well as green spaces and cultural landmarks such as the Cathedral, museums and theatres.
Exeter’s thriving mix of heritage and contemporary living makes it one of the most desirable addresses in the South West.
In summary, this flat on Magdalen Street represents a rare and attractive city centre residential purchase combining outstanding location, lifestyle convenience and solid living accommodation.
Early viewing is highly recommended to appreciate the potential this property offers.
Agents Notes Service charge = £115 per month Location Situated on the highly sought-after Magdalen Street, the property enjoys a prime central Exeter location with immediate access to the city’s vibrant shops, cafés, restaurants, and excellent transport connections.
Lounge / Diner / Kitchen (7.02m x 4.93m) Open plan Lounge, Diner and Kitchen area. Modern and Spacious. Kitchen features integrated fridge freezer, built in oven and gas hobs.
Access to communal courtyard at rear of property. Bedroom (4.61m x 3.95m) Large Bedroom with Walk in wardrobe and period window.
Shower Room Modern Shower room with floor to ceiling marble effect tiles featuring a large shower, modern sink with cabinet and WC.
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.
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FAQ
About Flat 1, 63-64 Magdalen Street, Exeter
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