1-bedroom flat · EX8 2EP
For saleListed 174 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A double glazed door leads into a generous hallway ideal for coats and shoes. The bedroom is a good size double with twin double glazed windows, built-in wardrobes and a panel radiator.
The bathroom has a modern feel to it with its fully tiled bath & shower over, pedestal wash hand basin, WC, inset spotlighting, heated towel rail and extractor fan.
The lounge/diner has a side facing, frosted double glazed window, panel radiator and a folding door into the kitchen with twin windows to the rear walnut effect units with cupboards and drawers, inset gas hob with extractor over and oven under, circular sink with drainer, tiled floor, space for free standing fridge/freezer and washing machine to one corner, tiled splashback and inset spotlighting.
Outside there is a large parking area with an allocated space for the apartment, visitor parking and very well maintained communal gardens. Leasehold information: Lease length is 88yrs. Ground £60pa.
Service charge £1,100pa
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 Flat 2, The Heathers, 3 Stevenstone Road, Exmouth
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