2-bedroom flat · EX8 2EN
Sold STCReduced £10k (−2.9%) on 26 AugListed 125 days
Opportunity summary
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About
Built by Heritage Homes this spacious ground floor apartment is built to a high specification and offered for sale with no onward chain.
The accommodation briefly comprises a luxury fitted kitchen with granite work top surfaces and range of built-in appliances, Porcelanosa bathroom suite and en-suite shower room/WC with Spanish tiles and two large double bedrooms.
Other benefits include underfloor heating, double glazing, gas central heating and patio sun terrace.
Outside there is a beautifully tended communal garden to the rear of the development with communal storage shed.
The accommodation comprises: Communal entrance via front door with door video intercom giving access to the communal hallway.
Own private front door leading to: Reception hall: 5.18m x 4.27m (17'0" x 14'0") overall maximum measurement.
Tamar security alarm; wall mounted video entry system; wall mounted thermostat control to heating; telephone point; fast fibre optic internet and offering space for a desk, double glazed doors opening to: Lounge/dining room: 20' 4" x 12' 6" (6.2m x 3.81m) plus door way recess.
A most spacious dual aspect room with uPVC double glazed window to side aspect; uPVC double glazed double doors opening onto a patio sun terrace area; television/satellite/telephone and FM radio point; underfloor heating; wall mounted thermostat control; large opening leading through to the: Kitchen: 12' 6" x 7' 3" (3.81m x 2.21m) A well appointed and high specification fitted kitchen comprising of a range of granite work top surfaces with granite splashbacks; range of base cupboards, drawer units and wall units; single bowl sink unit set into work surface with mixer tap; inset five ring gas hob with matching granite splashback and stainless steel chimney style extractor hood over; integrated dishwasher, fridge/freezer and washing machine; built-in eye-level oven with microwave/oven above; ceiling spotlighting; wall mounted Worcester Bosch gas boiler serving domestic hot water and central heating (installed in 2016) housed in matching unit; airing cupboard with fitted rail and slatted shelf for airing; tiled flooring with underfloor heating; uPVC double glazed window to side aspect.
Bedroom one: 16' 7" (5.05m) x narrowing to 11' 6" (3.51m) x 12' 6" (3.81m) A most spacious main bedroom with uPVC double glazed window overlooking the communal gardens to the rear; telephone point; television point; underfloor heating; wall mounted thermostat control; built-in double wardrobes; door to: En-suite shower room/WC: High specification suite comprising double sized shower cubicle with fitted shower unit; wall mounted wash hand basin with mixer tap; WC; tiled walls and colour coordinated tiled flooring with underfloor heating; inset ceiling spotlighting; extractor fan; heated towel rail.
Bedroom two: 12' 5" x 10' 2" (3.78m x 3.1m) uPVC double glazed window to rear aspect overlooking the communal garden; built-in double wardrobe; telephone point; television point; underfloor heating; wall mounted thermostat control.
Bathroom/WC: High specification suite comprising double-ended bath set in tiled surround; WC; wall mounted wash hand basin with mixer tap; heated towel rail; fully tiled walls and matching tiled flooring with underfloor heating; shaver socket; recess ceiling spotlighting; extractor fan.
Outside: The property benefits from a secure gated entrance which in-turn leads to a parking area where the apartment has its own parking space along with a visitors parking area.
To the rear of the development there are beautifully maintained lawned communal gardens with colourful flower and shrub beds.
There is a large storage shed which is divided into 10 areas where each resident has a useful individual lockable storage space.
Tenure and outgoings: We understand the property is held on a 199 year lease from 2007.
The property also has the benefit of a one-tenth share of the freehold with associated management company called Heritage Grange Property Management Company Limited.
The annual maintenance charge is £2,450 which we understand includes the buildings insurance. Council Tax Band C.
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
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FAQ
About Heritage Grange, 77,Flat 2, Salterton Road, Exmouth
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