1-bedroom flat · EX1 2FG
For saleListed 585 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Investment buyers only - ideal investment with A 7% yield. Fabulously located right in the heart of Exeter is this nicely presented ground floor one bedroom apartment.
French doors onto a south facing Juliette balcony from the living room, modern fitted kitchen and shower room. No ongoing chain.
The property would make a perfect investment property achieving a monthly rent of £825 (yield in the region of 7%) Approach Secure communal entrance door to communal entrance hallway.
Communal hallway Spacious communal hallway with front door to flat 5. Entrance hall Small entrance hallway with door to storage cupboard. Coat hanging space.
Wall mounted electric night storage heater. Doors to living room and shower room.
Open plan living/dining/kitchen and bedroom Light and spacious open plan room featuring: Living/dining area Spacious with Upvc double glazed french doors to Juliette balcony.
Wall mounted electric night storage heater. Wall lighting. Leading through to the kitchen area.....
Kitchen area Open plan kitchen area with a range of base, wall and drawer units in a cream finish with wood effect trim. Roll-edge worktop with matching upstand and inset stainless steel sink.
Integral single electric oven and hob with stainless steel splashpanel, and modern stainless steel cooker hood over. Integral washing machine. Space for freestanding fridge/freezer.
Bedroom area A half height wall divides the bedroom area from the open plan living/dining/kitchen area with space for a double bed and wardrobe.
Shower room White suite comprising; low level w.c., pedestal hand wash basin and glass folding door to large tiled shower enclosure with electric shower. Shaver point. Extractor fan.
Recess spotlighting. Wall mounted electric ladder style radiator.
Agents notes: To the best of the Vendors knowledge they have advised the following: Tenure: Leasehold - 109 Years Remaining on the lease Ground Rent - £200/Annum (paid yearly) Service Charge - £1,270 per annum (paid half yearly) Council Tax Band: A Council: Exeter City Council Parking: On street - permit parking Garden: No outside space Electricity: Mains Gas: No mains gas in the property Heating: Electric heating Water Supply: Mains Sewerage: Mains Broadband: Standard broadband available with Highest available download speed of 16 Mbps and Highest available upload speed1 Mbps, faster speeds available at cost Mobile Signal: Several networks currently showing as available at the property including EE and Vodaphone.
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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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 advisers 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.
Area
Agent & docs
FAQ
About Flat 5, Wheaton House, Red Lion Lane, Exeter
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