2-bedroom flat · EX8 2EL
For saleReduced £20k (−6.7%) on 12 AugListed 83 days
Opportunity summary
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About
Stunning ground floor purpose built 2 bedroom apartment guide price £300,000 - £325,000 Offered with no ongoing chain and presented in very good decorative order throughout, this apartment is offered with no ongoing chain.
Situated within the sought after "Avenues" location of Exmouth an internal viewing is highly recommended. Comprising security front entrance door with remote unlocking.
Hallway with ample storage, Utility cupboard with plumbing for a washing machine, space for tumble dryer and manifold for underfloor heating.
Large open plan lounge with dining area and modern kitchen with integrated appliances and matching base and eye level cupboards.
There are French doors opening onto it's own patio area with a variety of shrubs. There are 2 double bedrooms, both with white en-suite shower rooms.
There is a further Cloakroom/WC again with a white suite. Outside there are well maintained communal gardens.
Communal bin store and a secure shared storage shed with individual lockable storage units for each flat.
Additional benefits include gas central heating, double glazing and an allocated parking space within a secure residents parking area.
There are remote controlled gates proving access out onto Elwyn Road. Lease 125 years from 24th February 2011.
Service charge Apartment 4 is liable to pay 6.6% of the annual budget, currently equating to circa £157 per month (£1892.81 per annum).
This includes the buildings insurance and upkeep of all communal areas.
Important Note to Potential Purchasers & Tenants: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller.
Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases. QEX260326/8
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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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 advisors 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 Apartment 4, Elwyn House, 2, Elwyn Road, Devon
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