2-bedroom flat · EX8 2AB
Sold STCListed 125 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
THE ACCOMMODATION COMPRISES: Communal entrance and hallway giving access to private front door to: RECEPTION HALL: Radiator, good size understairs storage cupboard, doors giving access to all rooms.
LIVING ROOM: 4.5m x 5.71m (14'9" x 18'8") An elegant dual aspect room with double glazed bay window overlooking the front aspect with further double glazed window to side elevation, tiled fireplace with open grate and gas point, picture rail, two radiators.
KITCHEN/DINING ROOM: 4.86m x 6.99m (15'11" x 22'11") A spacious room with kitchen area fitted with a stainless steel single drainer sink unit set into worktops, cupboards and drawer units beneath, gas and electric cooker points, wall mounted cupboards, double glazed window to rear elevation and double glazed door giving access to the rear aspect, large walk-in storage cupboard, large radiator..
BEDROOM 1: 4.66m x 3.76m (15'3" x 12'4") Double glazed window to front aspect, picture rail, radiator.
BEDROOM 2: 4.96m x 3.63m (16'3" x 11'10") Double glazed bay window to rear aspect, radiator, picture rail, built-in wardrobes housing modern gas boiler for hot water and central heating.
BATHROOM/WC: 3.58m x 1.16m (11'8" x 3'9") Comprising bath, pedestal wash hand basin with fitted mirror over and light and shaver socket, WC, radiator, fully tiled walls, double glazed window with patterned glass.
OUTSIDE: The property owns the front garden which offers an array of colour with a variety of flower beds and borders, pedestrian gate and pathway gives access to the property.
To the rear of the property there is a South-West facing patio/sun terrace for the sole use of this flat. Shared pathway gives rear access.
TENURE: The property will be sold with a 999 year lease and with a 50% share of the freehold. Maintenance is on a 50/50 basis. Recent electric (EICR) with new electric consumer unit February 2025.
Gas safety and boiler service August 2024. Mortgage Assistance: We are pleased to recommend Meredith Morgan Taylor, who would be pleased to help no matter which estate agent you finally buy through.
For a free initial chat please contact us on to arrange an appointment. Your home may be repossessed if you do not keep up repayments on your mortgage.
Meredith Morgan Taylor Ltd is an appointed representative of The Openwork Partnership, a trading style of Openwork Ltd which is authorised and regulated by the Financial Conduct Authority (FCA).
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 Rolle Road, Exmouth, EX8 2AB
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