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See how verdicts workStudio flat · EX4 4JN
For saleReduced £10k (−9.1%) on 21 JunListed 200 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well presented studio apartment with views ideal for a first time buyer or investment opportunity in the heart of the City on New North Road, Exeter.
This 3rd floor studio apartment consists of an open plan living - kitchen area with a fully fitted kitchen and appliances included.
Living room/bedroom, shower room/toilet and a private south west facing balcony with French doors.
Situated in the City Centre and ideally placed for local shops, restaurants and pubs as well as Exeter Central Station, Exeter College and Exeter University.
No onward Chain Martin & Co are delighted to bring to the market this ideal first time buyer or investment opportunity in the heart of the City on New North Road, Exeter.
This 3rd floor studio apartment consists of an open plan living - kitchen area, living room/bedroom, shower room and private south west facing balcony.
Situated in the City Centre and ideally placed for local shops, restaurants and pubs as well as Exeter Central Station, Exeter College and Exeter University.
No onward Chain Entrance Hall Accessed via solid wood front door. With doors to shower room, storage cupboard and further built in wardrobe. Telephone intercom point. Telephone point.
Access through to open plan kitchen, lounge and bedroom. Kitchen/Lounge/Bedroom 16' 11'' x 13' 10'' (5.162m x 4.213m) Side aspect uPVC double glazed window.
UPVC double glazed door leads to the balcony. Seating area. Television point. Two electric wall mounted heaters.
Kitchen with range of eye and base level units with stainless steel sink with mixer tap and single drainer. Roll edge work surfaces. Part tiled walls. Integrated oven and hob with extractor fan above.
Plumbing for washing machine. Further appliance space. Metal balcony with views.
Shower Room Three piece suite benefiting from a fully enclosed shower cubicle, low level WC, wash hand basin, extractor fan.
Lease Information Annual Ground Rent Approximate - £238.92 Annual Service Charge Approximate - £ 1,484.04 Lease Length: 125 years from 01.01.2005 Council Tax: Band A anti money laundering Agents are required by law to conduct anti-money laundering checks on all those buying a property.
We outsource the initial checks to a partner supplier Landmark who will contact you once you have had an offer accepted on a property you wish to buy. The cost of these checks is £25 + VAT per person.
This is a non-refundable fee. These charges cover the cost of obtaining relevant data, any manual checks and monitoring which might be required.
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.
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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 61 Marcus House, New North Road, Exeter
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