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 work2-bedroom flat · EX4 8NX
For saleListed 311 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description Situated within a quiet cul-de-sac at Matthews Court, this well-presented first-floor leasehold apartment offers an excellent opportunity for first-time buyers, professional couples, downsizers and buy-to-let investors, and is being sold with no onward chain.
The property benefits from a 999-year lease from 1 January 1985 and comprises two generous double bedrooms, both with fitted wardrobes, a modern bathroom featuring a double shower cubicle, and a well-proportioned living space, with the option to be available fully furnished for immediate occupation or letting.
Unusually for an apartment, the property also enjoys a rear enclosed low-maintenance garden with patio areas, ideal for outdoor seating, along with a timber-built storage shed.
Further advantages include a garage and additional off-street parking available on a first-come, first-served basis.
Matthews Court is ideally located within the popular village of Pinhoe, making it particularly attractive to city professionals, university staff or students, and those seeking a convenient lock-up-and-leave home.
The property is within easy reach of a wide range of local amenities including nearby convenience stores, independent shops, a traditional butcher, pharmacy and cafés, with the city centre just a short distance away offering an extensive selection of retail, leisure and dining facilities.
The area is well served by highly regarded schools including Pinhoe Primary School and St James High School appealing to those planning for long-term residence.
Excellent transport links are close at hand, with regular bus services, Pinhoe train station is in easy reach along with easy access to the M5, A30 and A377, further enhancing its appeal to commuters and investors alike.
Please Note: We are supervised by hmrc for the purposes of Anti-Money Laundering (aml) regulations.
If your offer to purchase a property is accepted, you will need to satisfy the requirements set out in the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.
To comply with these obligations, we work with an independent third-party provider to complete id verification, aml checks, and source of funds checks. A charge of £45.00 applies for these checks.
Please note that a memorandum of sale cannot be issued until all required verification has been successfully completed.
As a regulated Sales Agent, we are required to be part of an approved redress scheme.
We are members of The Property Ombudsman, which is a government-approved scheme providing independent dispute resolution. From time to time, we may introduce buyers or sellers to The Mortgage Quarter.
Use of their services is entirely optional. If you choose to proceed with them, please be aware that we may receive an average referral payment of £200 for the introduction.
Stamp Duty Land Tax (sdlt) may be payable on your purchase.
We advise speaking with your solicitor or legal representative to confirm what, if any, amount is due based on the latest government guidelines.
Council Tax Band: B Tenure: Leasehold (999 years) Service Charge: £25 per month
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.
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FAQ
About 7B Matthews Court, Exeter
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