2-bedroom flat · EX2 0AQ
For saleListed 61 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price: £200,000 - £210,000 A beautifully presented first-floor apartment with an allocated parking space, offered to the market with no onward chain.
Constructed by Bovis Homes as part of the popular Haldon Reach development, the property has been owned by the current vendor for just over two years and enjoys a highly convenient location with excellent transport connections, making it ideal for commuters.
Both Alphington and Exminster are within easy reach and provide a wide range of everyday amenities. Alphington offers local shops, a doctor's surgery, pharmacy, and a church.
Exminster village benefits from a well-regarded primary school, gp surgery, pharmacy, convenience store, and a variety of additional local facilities.
Exeter city centre is easily accessible by car, while the railway station at Exeter Marsh Barton further enhances the property's appeal for those commuting within the region.
The apartment itself is light, spacious, and well presented throughout.
The accommodation comprises a generously proportioned triple-aspect open-plan living/dining room, which enjoys abundant natural light and flows seamlessly into the contemporary fitted kitchen.
The kitchen is well equipped with integrated appliances, including a fridge/freezer, washing machine, and slimline dishwasher.
There are two bedrooms, along with a stylish and spacious modern shower room featuring a large walk-in shower.
The entrance hall also benefits from a useful storage cupboard, providing additional practicality.
Overall, this is an excellent opportunity to acquire a contemporary apartment in a sought-after location, ideally suited to first-time buyers, professionals, investors, or those seeking a low-maintenance home with excellent transport links.
Leasehold Information Length of Lease: 999 years from 1 January 2023 Annual Service Charge: £1,300 Service Charge Review Period: Yearly. Material Information Construction notes: Awaiting information.
Utilities: Mains gas, electricity, water, and drainage. Current broadband provider: BT.
Broadband and Mobile Coverage: For an indication of specific speeds and supply or coverage in the area, we recommend checking with Ofcom by visiting their web site.
Viewing Arrangements Strictly by appointment with Naomi J Ryan Estate Agents. Referral Fee Disclosure We recommend sellers and/or potential buyers use the services of The Mortgage Quarter.
Should you decide to use the services of The Mortgage Quarter you should know that we would expect to receive a referral fee of £200 from them for recommending you to them.
You are not under any obligation to use the services and can seek alternative providers of these services. Further information is available on our web site.
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 8, Ellacott Road, Exeter
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