1-bedroom flat · EX2 4BX
For saleReduced £5k (−3.1%) on 28 JunListed 203 days
Opportunity summary
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About
A one bedroom apartment situated within Melbourne Court which is conveniently located close to Exeter’s popular quayside as well as the city centre.
The property benefits from an allocated off-road parking space, is offered with no onward chain, and represents an ideal first-time purchase or investment opportunity.
The property is ideally positioned to enjoy easy access to the historic quayside, with its scenic walks, cafes and waterside attractions, while also being within close proximity of Exeter’s vibrant city centre and excellent transport links.
Accommodation The front door opens into an entrance vestibule which leads through into the hallway.
The hallway provides access to the lounge diner, shower room and bedroom, and also benefits from two built-in cupboards offering useful storage space, with one housing the hot water tank.
The living accommodation comprises a bright and well-proportioned lounge diner, enjoying a pleasant outlook to the front aspect with views extending out toward Dartmoor in the distance.
An archway leads through to the kitchen, which is fitted with a range of wall and base units, work surfaces and a stainless steel sink and drainer with a mixer tap over.
Appliances include an oven with an electric hob and extractor hood over, plus a freestanding washing machine and a fridge. A window faces the front aspect allowing for natural light.
The double bedroom is a comfortable room featuring a built-in wardrobe, providing practical storage, along with a window to the front aspect with an attractive outlook.
Lastly, the shower room comprises a shower cubicle, a pedestal wash basin and a close-coupled WC. Parking The property benefits from a valuable allocated off-road parking space.
Property Information Tenure: Leasehold (We have been informed by the vendors that the current service charge is £1,479 every 6 months (January and July), and the lease length is 999 years, from 25/3/1989).
Council tax band: A.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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
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FAQ
About Flat 9 Melbourne Court, Melbourne Street, Exeter
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