1-bedroom flat · EX1 2FH
For saleListed 183 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A stylish purpose built second floor apartment occupying a highly convenient position within walking distance to Exeter city centre. Presented in good decorative order throughout. Double bedroom.
Reception hall. Modern bathroom. Lounge/dining room open plan to kitchen. Gas central heating. Double glazing. No chain. Ideal first time buy/investment purchase. Viewing highly recommended.
Accommodation in detail comprises (All dimensions approximate) Communal front door, access via telephone intercom to: Communal hallway Stairs or lift lead to: Second floor communal landing Private door leads to: Reception hall Radiator.
Telephone intercom. Telephone point. Electric consumer unit. Smoke alarm. Thermostat control panel. Cloak hanging space.
Utility cupboard with plumbing and space for washing machine and fitted shelving. Door to: Lounge/dining room 16’10” (5.13m) x 11’2” (3.40m) maximum reducing to 8’6” (2.59m). Two radiators.
Television aerial point. Two wall light points. Telephone point. Wall mounted boiler serving central heating and hot water supply.
UPVC double glazed double opening doors, with Juliet balcony, to front aspect. Open plan to: Kitchen 8’4” (2.54m) x 5’10” (1.78m). Fitted with a range of matching base, drawer and eye level cupboards.
Marble effect roll edge work surfaces with matching splashback. Single drainer sink unit with mixer tap. Electric cooker. Space for fridge.
From reception hall, door to: Bedroom 18’8” (5.69m) max x 8’8” (2.64m) max. Two radiators. UPVC double glazed window to front aspect.
From reception hall, door to: Bathroom 7’6” (2.29m) x 7’4” (2.24m) maximum.
A modern matching white suite comprising panelled bath with mixer tap, fitted electric shower unit, folding glass shower screen and tiled splashback. Low level WC.
Wash hand basin with tiled splashback. Fitted mirror. Shaver point. Radiator. Inset LED spotlights to ceiling. Extractor fan. Tenure leasehold.
A lease term of 125 years was granted was granted in 2006 maintenance/service charge We have been advised the current annual charge is £1,600 ground rent We have been advised that there is no Ground rent payable material information Construction Type: Concrete breezeblock 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 Samuels Estate Agents’ Longbrook Street office continue down the road taking the right hand turning into York Road and continue to the traffic light junction with Sidwell Street and proceed straight ahead.
Take the 1st left into Red Lion Lane where the property in question will be found on the right hand side. 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: C (79)
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.
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FAQ
About 11 Gilbert House, Red Lion Lane, Exeter
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