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See how verdicts work1-bedroom flat · EX2 5GW
Sold STCListed 79 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A light and spacious ground floor one-bedroom apartment, ideally situated in a prime location within easy walking distance of the Exeter hospitals, city centre and the River Exe.
Beautifully presented throughout, the property features a modern kitchen and bathroom, a private garden and an allocated parking space.
Offered to the market with no onward chain, this is an ideal first home, investment purchase or downsizing opportunity. Approach Communal front door to communal entrance hallway.
Front door to No 3 and entrance hallway. Entrance hallway Spacious L-shape entrance hallway with doors leading to living/dining room, bedroom and bathroom. Quality wood effect flooring. Radiator.
Entry Phone. Door to large airing cupboard complete with radiator and shelving.
Living/dining room 19' 1" x 10' 2" (5.82m x 3.1m) (plus bay window) Wonderful light and spacious living/dining room with double glazed bay window with outlook over the garden.
Matching quality wood effect flooring. Two radiators. TV and telephone points. Double glazed french doors opening onto the garden. Opening through to the kitchen.
Kitchen 9' 1" x 7' 7" (2.77m x 2.31m) Double glazed window to rear aspect with outlook over the garden. Modern fitted Shaker Style kitchen with range of base, wall and drawer units in cream finish.
Roll-edge worktop with tiled surround and inset stainless steel sink. Integral eye-level electric double oven and gas hob with extractor hood over. Integral washer/dryer. Freestanding fridge/freezer.
Concealed worktop lighting. Matching quality wood effect flooring. Bedroom 12' 1" x 7' 8" (3.68m x 2.34m) (max) Good sized double bedroom with double glazed window to side aspect. Radiator. TV point.
Carpeted. Bathroom 7' 7" x 6' 2" (2.31m x 1.88m) Modern white suite comprising; low level w.c., pedestal hand wash basin and p'shape bath with glass screen and electric shower. Extractor fan.
Chrome ladder style radiator. Shaver point. Tile effect flooring.
Outside private garden The property benefits from its own private low maintenance garden which is laid to paving and gravelled areas and is enclosed by fencing with gate leading to the residents car park.
Parking One allocated parking space can be found to the rear of the property in the residents car park.
Agents notes To the best of the Vendors knowledge they have advised the following: Tenure: Leasehold with a share of the freehold - 999 years from November 2007 with 980 years remaining.
Service Charge: Veale Drive Management Co - £99 per month - including building insurance and £110 per year to Wyvern Park Management Company for upkeep of green space areas Council Tax Band : A Council: Exeter City Council Parking: One allocted parking space Garden: Private enclosed garden Electricity: Mains Gas: Mains Heating: Gas central heating Water: Mains Sewerage: Mains Broadband: Standard - Highest available download speed is 19 Mbps and the Highest available upload speed is 1 Mbps, plus faster speeds available at additional cost.
Mobile Coverage: Various mobile networks available at this property.
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 3, Veale Drive, Exeter
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