2-bedroom flat · EX2 8RS
For saleReduced £5k (−2.8%) on 24 SepListed 98 days
Opportunity summary
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About
Detailed Description A well presented two bedroom ground floor apartment situated in the popular village of Alphington and within close proximity to local shops, doctors surgery, chemist, post office and St Michaels Church.
The property has good access to main commuter links and local bus route. EPC C, Council Tax Band C, Leasehold. Communal front door to.. own front door to..
hallway: Airing cupboard, wall mounted entry phone, door to.. Lounge/diner: 5.4m x 3.7m (17'9" x 12'2") , Double glazed windows providing a dual aspect, electric fire, electric radiator.
Kitchen: 3.2m x 1.9m (10'6" x 6'3") , Base cupboards and drawers with work top over, 1 1/2 bowl sink and drainer with mixer tap, built in oven, hob with extractor over, space for fridge freezer, space for washing machine, wall mounted cupboards, electric radiator, double glazed window to the side.
Bedroom 1: 4.0m x 3.0m (13'1" x 9'10") , Double glazed window to the front and side, electric radiator, storage cupboard, door to..
En-suite: Close coupled WC, wash hand basin with storage under, shower cubicle with shower over, heated towel rail, obsucre double glazed window to the side.
Bedroom 2: 4.0m x 2.4m (13'1" x 7'10") , Double glazed window to the front, electric radiator.
Bathroom: Close coupled WC, wash hand basin with storage under, paneled bath, heated towel rail, obsucre double glazed window to the side.
Garage: 5.5m x 2.5m (18'1" x 8'2") , Up and over door to the front, obscure double glazed window to the rear.
Lease information: Years Remaining: 999 Year Lease From 1st January 2002 Service Charge: 1 April 2026 30 September 2026 - £943.62 Ground Rent: 1 April 2026 - 30 September 2026 - £35
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 62, Powlesland Road, Exeter
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