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See how verdicts work5-bedroom house · EX4 7AB
Sold STCReduced £20k (−7.4%) on 22 SepListed 72 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An exceptional opportunity to acquire a substantial period property situated in the highly regarded and convenient location of Mount Pleasant, Exeter.
Requiring comprehensive refurbishment throughout, this sizeable five-bedroom property offers enormous potential for renovation, enhancement and possible redevelopment, subject to the necessary planning consents.
Arranged over three floors, the accommodation provides generous and flexible living space extending to approximately five bedrooms and a variety of reception rooms.
On the ground floor, the property comprises a sitting room, dining room, breakfast room and kitchen, offering excellent scope to create a modern family home or alternative residential configuration.
The first floor accommodates three bedrooms, together with a separate WC and bathroom.
On the second floor are two further bedrooms, providing additional living accommodation and showcasing the property's substantial footprint.
Externally, the property benefits from an enclosed rear garden and a detached garage to the rear, a valuable feature in this sought-after city location.
Due to its size, layout and prominent position, the property may also offer potential for conversion into multiple flats or alternative residential uses, subject to obtaining the necessary planning permissions and building regulation approvals.
Prospective purchasers should make their own enquiries with Exeter City Council regarding any proposed change of use or redevelopment plans.
Ideally located within easy reach of Exeter city centre, St Luke's Campus, Exeter University, local amenities and transport links, the property presents an exciting opportunity for investors, developers and owner-occupiers seeking a project with significant potential.
EPC: Tbc This property is for sale by Traditional Auction The buyer and seller must Exchange immediately, and Complete 28 days thereafter.
Interested parties personal data will be shared with the Auctioneer (iamsold). The buyer pays a non-refundable deposit of 10% of the purchase price upon exchange. A Buyer Information Pack is provided.
The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00.
These services are optional. The auction can be accessed via iamsold
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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
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FAQ
About 101, Mount Pleasant Road, Exeter
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