2-bedroom flat · EX1 3FL
Listing removedReduced £9.9k (−4.1%) on 28 JulListed 183 days
Opportunity summary
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About
Detailed Description A well presented two bedroom coach house situated in a popular residential development with good size living accommodation, modern fitted kitchen and bathroom, courtyard garden, off road parking and a garage.
EPC B, Council Tax Band B, Freehold. Front door to.. entrance hall: Door to the garage, stairs to first floor landing.
Lounge/dining/kitchen: 5.9m x 4.7m (19'4" x 15'5") Maximum , Double glazed window to the front, base cupboards and drawers with worktop over, built in oven and hob with hood over, built in fridge freezer, sink and drainer, radiator.
Hallway: Storage cupboard, radiator, loft access. Bedroom 1: 5.9m x 3.0m (19'4" x 9'10") Maximum , Double glazed window to the front, radiator.
Bedroom 2: 3.3m x 2.9m (10'10" x 9'6") , Double glazed window to the front, radiator. Bathroom: Panelled bath with shower over, pedestal wash hand basin, close coupled WC, radiator.
Garage: 6.2m x 4.8m (20'4" x 15'9") Maximum , Space for washing machine, door to garden, light, up and over door.
Outside: There is an enclosed courtyard garden to the rear of the property with access via the garage and is laid to paved patio.
Management charge: * There is a Estate Management Charge currently set at £154.45 For the period 1st January 2026 - 31st December 2026.
Agents note: * We have been advised there is a district heating system in place where the heat is supplied from a central location.
The consumer may not be able to freely choose which energy supplier the heat is purchased from and we understand the current supplier is eon.
* The property is set above three garages, one of which is owned by the property and the other two belong to the owners of neighbouring properties.
* The current arrangement for both of the garages is a peppercorn ground rent and leases are set for 999 years from the 1st January 2018.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About 3, St Nicholas Close, Exeter
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