2-bedroom flat · EX2 4SS
Listing removedListed 43 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An executive, modern, unfurnished 2 bedroom ground floor apartment in the popular residential area of St. Leonards, a short walk to the rd&E Hospital.
Comprising fully fitted kitchen, lounge, 2 bedrooms, (one good sized double, one large single), bathroom, lawned garden, private parking space and a garage with power and light.
The property benefits from Gas central heating and double glazing throughout. Council Tax band C, EPC rating C. Available immediately.
Bedroom 1 Two UPVC double glazed doors with rear aspect and access to the garden. Radiator. Built in double wardrobe with provision for hanging and storage.
Bedroom 2 UPVC double glazed window with aspect to the rear. Radiator. Living Room / Dining Room UPVC double glazed window with aspect to the front. Coved ceiling. Television point. Telephone point.
A circular turret style room with four sets of double glazed windows overlooking the green, proving a light and spacious open plan reception area.
Kitchen Fitted with a range of modern matching wall mounted and base units in light wood finish with brushed stainless steel door furniture.
Square edge granite effect roll edge vinyl worktops with tiled surrounds. One and a half bowl single drainer stainless steel sink unit with chrome mixer tap over.
Four burner gas stainless steel hob with stainless steel splash, hood over and oven under. Concealed lighting. Glazed display unit.
Integrated appli Bathroom Fitted with a modern matching white suite comprising low level close coupled wc. Pedestal wash basin with chrome mixer tap over in tiled surround.
Panelled bath in tiled recess with fitted shower unit over and shower screen. Radiator. Ceramic tiled floor. Extractor fan. Shaver point. Obscure double glazed window.
Shaver point Garden Good size lawned garden with decking area and side access gate.
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
Agent & docs
FAQ
About 41, Gras Lawn Exeter, Devon
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