1-bedroom house · EX8 2GG
No longer listedListed 226 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Apartment forty-eight is a spacious one-bedroom, second floor apartment with a private balcony. The master bedroom has a walk-in wardrobe for added convenience.
The shower room features slip resistant flooring, chrome towel radiator and an illuminating mirror. This property also benefits from ample storage space including a store cupboard.
The fully fitted kitchen comes complete with integrated appliances and there is Juliette balcony leading from the lounge.
Council tax band: New build - Council Tax band to be determined Reservation deposit: £500 (to be offset against your initial payment and fully refundable should your Tenancy not proceed) Security deposit: £3,422 (equivalent to 5 weeks rent of the apartment only, excludes any parking space rent)
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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 1-59 Merchant Avenue, Exmouth, Devon, EX8 2GG
Explore nearby
