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See how verdicts work1-bedroom flat · EX8 3NG
For saleListed 47 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A bright and well presented 1 bedroom penthouse apartment with beautiful views out to sea and across to the Haldon Hill with a glass fronted balcony, occasional bedroom, charming sitting room and off road parking less than 2 miles to the seafont.
Situation This well-presented second floor maisonette forms one of three individual units created from a substantial detached property, situated off the Exeter Road, less than 2 miles from the town centre.
Exmouth offers a wide range of shops, including a Marks & Spencer Foodhall, along with a modern sports centre, indoor swimming pool, and a railway station with direct connections to Exeter.
The seafront boasts around two miles of sandy beach, offering opportunities for sailing, paddleboarding, kite surfing and coastal walks along the South West Coast Path.
The cathedral city of Exeter is an easy commute to the west and offers a comprehensive range of shopping, dining, cultural and educational facilities.
Exeter provides mainline rail links on both the Paddington and Waterloo lines, access to the M5 at Junction 30, and Exeter International Airport for both domestic and international travel.
Accommodation Communal entrance door leading to a ground floor lobby, with stairs rising to a first floor landing.
Own front door leading to a a study or occasional bedroom with a sloping ceiling, uPVC double glazed dormer window and a built-in cupboard, stairs rise to a landing on the second floor with doors to the sitting room and bedroom.
The sitting room is a an attractive and particularly light and airy reception room, with an open-plan arrangement leading through to the kitchen.
A Large uPVC double glazed window enjoying spectacular, far-reaching views over the Exe Estuary and South Devon coastline towards Berry Head.
From the kitchen a uPVC double glazed doorway providing access to a stunning glass-walled balcony making the most of the amazing views over the town and out to sea.
The kitchen is fitted with part-tiled walls, work surfaces incorporating a one and a half bowl sink unit, and a range of base and eye-level units.
Inset four-ring gas hob with built-in electric oven and filter hood, washing machine and freestanding under-counter fridge and freezer.
A door leads to an inner lobby where there is a Worcester gas-fired boiler serving the domestic hot water and central heating system and a door to a shower room fitted with a fitted with a glazed corner shower cubicle with both overhead and hand-held shower units, pedestal wash hand basin and WC with push-button flush.
Attractive part-wall tiling, radiator, mirrored cabinet and double glazed window.
Bedroom 1 is accessed from the landing and has a double glazed window, built-in mirror-fronted double wardrobes and radiator.
Services Current council tax band: B Tenure: Lease hold Utilities: Mains electric, drainage and water. Heating: Gas central heating Standard, ultrafast and superfast broadband available.
EE, 02, Three and Vodafone mobile networks available (Ofcom) Directions On entering Exmouth on the A376, the property is located on the right hand side down a private lane off the A376 Exeter to Exmouth Road opposite Featherbed Lane.
Agents Note The vendor has advised the agent that the property was successfully underpinned following the discovery of subsidence in 1981 and there has been no further movement.
No holiday lets are allowed under the lease. Normal residential lets are permitted. Pets are permitted with the permission of the freeholder.
Leasehold The property is held on a 200 year lease from 18th August 1977 with 154 years remaining.
We understand the maintenance is 20% contribution towards maintenance costs on an 'as and when basis' and a ground rent of £50 per annum.
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
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FAQ
About Flat 3, 247 Exeter Road, Exeter Road, Exmouth
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