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See how verdicts work2-bedroom flat · EX4 4HG
For saleListed 103 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*Suitable for Cash buyers/Investors* - A spacious two bedroom apartment situated within the popular Julius House development, conveniently located close to Exeter city centre.
Offered to the market with no onward chain, the property presents an excellent opportunity for a purchaser to update and personalise the accommodation to their own taste.
Further benefits include a south-facing private balcony, an allocated parking space and access to well-maintained communal gardens. The apartment is served by a lift providing access to all floors.
The internal accommodation briefly comprises an entrance hallway, a spacious living room opening onto the balcony, a kitchen, two double bedrooms, an en suite shower room and a separate bathroom.
The property occupies a convenient position within easy reach of Exeter city centre, offering an excellent range of shops, restaurants, cafés and leisure facilities.
Exeter's historic Quayside is also nearby, together with regular bus services and excellent transport links, making the property well suited to a variety of purchasers.
Accommodation The front door opens into an entrance hallway, providing access to the principal accommodation. Two built-in storage cupboards offer excellent practical storage.
The living room is a spacious reception room benefitting from French doors opening onto the south-facing private balcony, providing a pleasant space for seating and enjoying a sunny aspect.
An opening leads through to the kitchen, creating an open-plan feel.
The kitchen requires updating and is currently fitted with a range of wall and base units with fitted worktops and a 1.5 bowl sink and drainer with a mixer tap over.
Space is provided for a range of appliances. There are two well-proportioned double bedrooms, both enjoying windows to the rear aspect.
The principal bedroom further benefits from an en suite shower room, comprising a shower cubicle, a wash basin set on a countertop with a mixer tap over and vanity unit below, together with a hidden cistern WC.
The main bathroom is fitted with a bath incorporating a mixer tap, a wall-mounted wash basin with a mixer tap over and vanity unit below, and a close-coupled WC.
Outside The apartment benefits from a south-facing private balcony accessed directly from the living room, providing an attractive outdoor seating area and enjoying a sunny aspect throughout much of the day.
The development also enjoys well-maintained communal gardens for residents to use, together with an allocated parking space.
Property Information Tenure: Leasehold (we are awaiting the current maintenance charges and ground rent. The lease length is 125 years from 1 January 2005) Council Tax Band: C.
Please note – all services/appliances have not and will not be tested. Please note – all services/appliances have not and will not be tested.
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.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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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FAQ
About Flat 48, Julius House, New North Road, Exeter
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