1-bedroom flat · EX4 4GB
For saleReduced £2.5k (−1.9%) on 15 JulListed 125 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An opportunity to acquire a spacious purpose built first floor student studio apartment occupying a highly convenient position providing great access to St Davids mainline railway station, university campus and Exeter city centre.
Large open plan studio room with modern fitted kitchen including appliances. Modern shower room. Gas central heating. Double glazing. Let for 2025/2026 and pre-let for 2026/2027 providing good income.
Affordable investment opportunity. Communal paved garden with covered bike store.
* The studio is currently let at £210 per week (48 week agreement) and pre-let at the same level for the 2026/27 academic year.
There appears to be scope to increase the weekly rent for future years * accommodation in detail comprises (All dimensions approximate) Communal front door, accessed via telephone intercom, to: Communal hallway Stairs lead to: First floor Private door leads to: Entrance lobby Opening to: Studio room 19’0” (5.79m) maximum x 19’0” (5.79m) maximum.
A fabulous light and spacious open plan room incorporating kitchen area fitted with a range of matching base, drawer and eye level cupboards. Wood effect roll edge work surface with tiled splashback.
Single drainer sink unit with mixer tap. Fitted electric oven. Two ring gas hob with filter/extractor hood over.
Appliances included in the sale: Washing machine, dishwasher, fridge freezer and microwave oven. Wall mounted boiler serving central heating and hot water supply. Space for table and chairs, bed etc.
Two radiators. Telephone point. Television aerial point. Telephone intercom. Smoke alarm. Two double glazed sash windows to front aspect.
Door leads to: Shower room A modern matching white suite comprising good size tiled shower enclosure with toughened glass shower screen and mains shower unit. Low level WC.
Wash hand basin with modern style mixer tap. Part tiled walls. Heated ladder towel rail. Shaver point. Extractor fan.
Outside The property benefits from the use of the communal paved courtyard garden also with communal bike store.
Tenure leasehold Long leasehold with share of Freehold maintenance/service charge £100 per month material information Construction Type: To be confirmed Mains: - Water, drainage, electric, gas Heating: Gas central heating Mobile: Indoors – Current data from Ofcom website: Mobile: Outdoors – Current data from Ofcom website: Broadband: Current data from Ofcom website: Flood Risk: Current data can be found on the website: Mining: No risk from mining Council Tax: Band A (Exeter) viewing Strictly by appointment with the Vendors Agents.
Agents note The information given in these particulars is intended to help you decide whether you wish to view this property and to avoid wasting your time in viewing unsuitable properties.
We have tried to make sure that these particulars are accurate, but to a large extent we have to rely on what the seller tells us about the property.
We do not check every single piece of information ourselves as the cost of doing so would be prohibitive and we do not wish to unnecessarily add to the cost of moving house.
Once you find the property you want to buy, you will need to carry out more checks into the property than it is practical or reasonable for an estate agent to do when preparing sales particulars.
For example, we have not carried out any kind of survey of the property to look for structural defects and would advise any homebuyer to obtain a surveyor’s report before exchanging contracts.
If you do not have your own surveyor, we would be pleased to recommend one.
We have not Checked whether any equipment in the property (such as central heating) is in working order and would advise homebuyers to check this.
You should also instruct a solicitor to check all legal matters relating to the property (e.g.
Title, planning permission, etc.) as these are specialist matters in which estate agents are not qualified. Your solicitor will also agree with the seller what items (e.g.
Carpets, curtains, etc.) will be included in the sale.
Please be aware that all measurements within these particulars are recorded with a sonic tape, and whilst every effort has been taken to ensure their accuracy potential purchasers are recommended to satisfy themselves before entering a contract to purchase.
Agents note money laundering policy Samuels Estate Agents are committed to ensuring that it has adequate controls to counter money laundering activities and terrorist financing activities, in line with the Money Laundering Regulations 2007.
Any prospective purchaser will be required to show proof of funds and identification. We ask for your cooperation on this matter in order that there will be no delay in the transaction.
EPC rating: B (81)
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
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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.
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