We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts workHouse · EX2 8AS
For saleListed 134 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A lovely one bedroom first floor apartment situated in the convenient location of St Thomas and within walking distance to Exeter's Historic Quayside, local shops and public transport.
The property benefits from communal areas and guest facilities and is being offered with NO ONWARD CHAIN. EPC **, Council Tax Band A, Leasehold.
COMMUNAL ENTRANCE: Communal entrance hall, stairs and lift to all floors. OWN FRONT DOOR TO.. ENTRANCE HALL: Built in storage cupboard, doors to..
LOUNGE/DINER: 5.6m x 3.2m (18'4" x 10'6") , Double glazed window to the front of the building, electric heater, security pull chord.
KITCHEN: 2.3m x 1.7m (7'7" x 5'7") , Base cupboards and drawers with worktop over, sink and drainer, wall mounted cupboards, built in oven and hob, built in fridge.
BEDROOM: 4.6m x 2.7m (15'1" x 8'10") , Double glazed window to the front, electric heater, built in wardrobe, security pull chord.
SHOWER ROOM: WC, shower cubicle, wash hand basin, extrator fan, electric wall mounted heater. OUTSIDE: Communal gardens.
COMMUNAL AREA: Homeclyst House benefits from communal areas including: lift, lounge, laundry, communal garden.
LEASE INFORMATION: Lease length: TBC Service charge: For the period 1st March 26 - 31st August 26 £2,707.21 Ground rent: For the period 1st March 26 - 31st August 26 £246.76 AGENTS NOTE: The property has electric heaters.
We ave been made aware that water rates and buildings insurance is included with the service charge. There is an age restriction of 60 years and over.
We have been made aware the house manager is currently available 9am - 2pm Monday to Friday.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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.
Area
Agent & docs
FAQ
About Homeclyst House, Alphington Street, EX2
Explore nearby
