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 work2-bedroom property · EX2 5EJ
Listing removedListed 278 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An exciting opportunity to acquire this surprisingly spacious and well modernised 2 bedroom top floor apartment with impressive view over the Anglican local parish church of St Michael & All Angels' and grounds.
Forming part of a popular retirement complex in the centre of Heavitree, this well appointed apartment enjoys one of the best positions in the development and easy access to the main entrance leading to local shops, amenities and bus stop some 200 yards away.
The property is conveniently situated close to a lift and benefits from the home comforts of uPVC double glazing and electric programmable heaters ensuring warmth and energy efficiency throughout the year.
The Maltings is a sought after retirement development in a very convenient location with well maintained communal grounds.
Perfect for those seeking independent living in a secure and friendly environment.
This particular development has the added attraction of being situated in the centre of Heavitree close to local shops, amenities, church, health centre and a bus stop providing a regular service to and from the city centre.
Life is for living….. The Maltings will help you live it to the full.
Key communal features include attractive south-west facing communal grounds and patio, lift or stairs to all floors, residents' lounge with kitchen area, laundry room, day time house manager, intercom entry system, intruder alarm and 24 hour ‘careline’ (emergency pull cords fitted in all apartments).
Internal viewings highly recommended. Private Entrance Hall - 2.65m x 2.11m (8'8" x 6'11") - An irregular shaped room, average measurements only.
Lounge/Diner - 4.46m x 3.78m (14'7" x 12'4") - An irregular shaped room, average measurements only.
Kitchen - 3.97m x 2.07m (13'0" x 6'9") - Bedroom 1 - 4.11m x 2.77m (13'5" x 9'1") - Bedroom 2 - 2.95m x 2.16m (9'8" x 7'1") - Shower Room - 2.37m x 2.06m (7'9" x 6'9") - Communal Grounds - Service Charge - £183 Pcm - The Service Charge is currently set at £183.00 per calendar month to include on site manager, buildings insurance, external maintenance, cleaning and maintenance of communal areas, gardening and window cleaning services, and a 24hr emergency call line.
Lease 125Yrs From 1987.
More Info Online - This is a leasehold property and we understand from our client that the property was granted a lease term of 125 years which commenced on the 9th September 1987. 87 years remaining.
Age Restriction And Pet Policy - More Info Online - Residents must be at least 60 years of age. In the case of a married couple, one of them must be 60 when they first occupy.
Domestic pets are not permitted.
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
FAQ
About Church Street, Heavitree, Exeter
Explore nearby
