2-bedroom flat · EX2 7TN
Listing removedReduced £10k (−5.6%) on 25 AugListed 97 days
Opportunity summary
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About
This very well presented 2-bedroomed top floor apartment represents excellent value. Situated in a very popular location being conveniently located for amenities and major road routes.
The flat offers bright & spacious accommodation with 3 sets of French doors and a large covered balcony. Perfect for first time buyers or ideal investment opportunity. No chain.
Communal entrance with security intercom system, staircase to second floor with private front door opening into ...
Entrance Hall L shaped hallway with large built-in cloaks/storage cupboard with clothes hanging rail, further large built-in partly shelved airing cupboard, radiator, telephone point, wall mounted security intercom linked to communal front door.
Doors into all rooms. Living Room 4.93m min, 6.48m max x 4.42m - (second measurement includes the kitchen area).
Very good sized bright and spacious dual aspect room having uPVC double glazed French double doors opening to Juliet balcony at the front, further double doors opening onto a large feature covered corner balcony.
Wall mounted contemporary remote controlled Living Flame electric fire, two radiators, TV point.
Kitchen Area (3.1m x 2.06m (10' 2" x 6' 9")) Very well appointed with a modern range of light wood effect fronted units comprising roll edged granite effect work surface area, inset stainless steel single drainer sink unit with mixer tap, tiled splashback area to work surfaces, range of base cupboards and drawers, further matching eye level shelved storage cupboards, built-in electric oven and four-ring gas hob in stainless steel finish, fitted extractor hood and light over, plumbing and space for washing machine, further appliance space, modern wall mounted gas boiler replaced in 2023.
UPVC double glazed windows enjoying a pleasant open aspect to the side.
Bedroom One (3.73m x 3.07m (12' 3" x 10' 1")) UPVC double glazed French double doors to Juliet balcony, enjoying a pleasant open aspect. Radiator.
Bedroom Two (3.73m x 2.13m (12' 3" x 7' 0")) UPVC double glazed windows to side, radiator.
Bathroom (2.67m x 1.57m (8' 9" x 5' 2")) Fitted with white suite comprising panelled bath with fully tiled surround and fitted shower over, light wood effect vanity work surface with inset wash hand basin and double cupboard under, low level WC.
Radiator, extractor fan. Outside Allocated off street car parking space.
Material Information Tenure: Leasehold 155 year lease from 1st May 2006 (134+ years remaining) Service Charge: £105 per month to include buildings insurance Ground Rent: £133 per 6 months Tax Band: B - Exeter City Council Utilities: All mains services Parking: Allocated private parking space
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
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FAQ
About 84, Russell Walk, Exeter
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