2-bedroom flat · EX4 3BT
Listing removedListed 76 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Available immediately. A spacious first floor apartment situated in a central position just a short distance from Exeter's high street.
The flat benefits from an allocated parking space, as well as two bedrooms, an open-plan living space, a bathroom and an enclosed balcony.
The flat is ideally situated to enjoy a number of nearby amenities, including the picturesque quayside with popular walks and cycle routes, as well as various eateries and independent shops along the water's edge.
Exeter St David's, Exeter Central and St Thomas train stations are also nearby, along with bus routes in and out of the city, offering good transport links.
Council Tax Band B Subject to Referencing and Affordability Checks A Holding Deposit of one week's rent will be requested to reserve the property.
A Tenancy Deposit of 5 weeks' rent will be required should an application be successful.
For full details of charges and fees please visit our website: Accommodation The front door opens to the entrance vestibule and hallway which provides ample space for storing coats and shoes, along with access to each of the internal rooms, and a useful built-in storage cupboard.
The open-plan living space is situated to the front of the property and enjoys a door leading out to an enclosed balcony space.
There are also windows to the front aspect allowing ample natural lighting.
The kitchen area contains a range of matching wall and base units with fitted worktops, a tiled splashback and a stainless steel sink and drainer unit with a mixer tap over.
Appliances include an oven with a gas hob and extractor hood over, plus space is available for a washing machine and a fridge. Additionally, a cupboard houses the Vaillant boiler.
The two bedrooms are both doubles and are complemented by windows to the rear aspect with a pleasant leafy outlook.
Lastly, the bathroom comprises a close-coupled WC, a pedestal wash basin with a mixer tap over and a bath with a mixer tap and Mira shower over.
Parking In a car park next to the flat is an allocated space allowing valuable off-road parking for one vehicle. The flat also benefits from use of a communal bike store.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
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FAQ
About 38 Powhay Mills, Tudor Street, Exeter
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