1-bedroom flat · EX8 2HA
Sold STCListed 217 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
From the car park, steps lead up to the front door, into the communal hallway with further steps up to the apartment on the top floor.
An entrance door leads into the hallway with two useful storage cupboards, one housing the electric meter & fuse board.
There is also an airing cupboard as well as doors to the bedroom, living room and an opening into the kitchen.
The kitchen has a great range of base and wall mounted units including cupboards, drawers and large pan drawers, space for under counter fridge, space for free standing electric cooker with extractor hood over, inset sink with drainer, mixer tap and tiled splashback.
A large opening to the living room provides plenty of light and access.
The living room has a large, rear facing, re-fitted double glazed window enjoying great sea views, new wall mounted electric heater, door to the hallway and a double glazed door that leads onto the balcony.
The balcony has a useful storage cupboard, glass & metal balustrade, enjoys the sea view and views over the communal garden and could be used all year round as is covered.
The bedroom is a generous double with new wall mounted electric heater, large rear facing, re-fitted double glazed window overlooking the balcony, communal garden and sea views beyond.
The bathroom has a white suite comprising, panel enclosed bath with shower attachment, tiled splashback, inset wash hand basin, WC, extractor and wall mounted towel storage shelving unit.
Externally, to the rear of the property, is the communal garden with large lawn area flanked by mature, well kept borders. There are a couple of seating areas and outside security lighting.
To the front you have the numbers, allocated parking space, visitor parking and bin store to one corner. Tenure: Share of Freehold. Lease length 951 years. Service charge £949pa. Ground rent £25pa.
Council Tax band B
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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
Agent & docs
FAQ
About Flat 8, Ardenny Court, 24 Douglas Avenue, Exmouth
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