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See how verdicts work1-bedroom flat · EX4 6JL
Sold STCListed 118 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious first floor apartment occupying a highly convenient position providing good access to local amenities, St James railway station, university and Exeter city centre.
Presented in superb decorative order throughout. Reception hall. Light and spacious lounge/dining room. Modern kitchen. Good size double bedroom. Modern shower room. Gas central heating.
uPVC double glazing. Ideal first time buy/investment purchase. New lease to be confirmed upon completion. No chain. Viewing highly recommended.
ACCOMMODATION IN DETAIL COMPRISES (All dimensions approximate) Communal front door, accessed via telephone intercom, to: COMMUNAL HALLWAY Communal stairs lead to: FIRST FLOOR Private door leads to: RECEPTION HALL Radiator.
Smoke alarm. Cloaks hanging space. Telephone intercom. Two uPVC double glazed windows to front aspect.
Glass panelled door leads to: LOUNGE/DINING ROOM 14’2” (4.32m) x 12’8” (3.86m) average measurement (irregular shaped room). A light and spacious room. Radiator.
uPVC double glazed window to front aspect. Door to: KITCHEN 14’0” (4.27m) x 6’6” (1.98m). A modern kitchen fitted with a range of matching white gloss fronted base, drawer and eye level cupboards.
Granite effect work surfaces with tiled splashback. 1½ bowl sink unit with single drainer and modern style mixer tap. Fitted oven.
Four ring Bosch induction hob with glass splashback and filter/extractor hood over. Plumbing and space for washing machine. Space for fridge and separate freezer. Radiator.
Wall mounted boiler serving central heating and hot water supply. Inset LED spotlights to ceiling. uPVC double glazed window to side aspect.
From reception hall, door to: BEDROOM 14’4” (4.37m) average measurement x 11’0” (3.35m) average measurement (irregular shaped room). Again a light and spacious double bedroom. Radiator.
Two uPVC double glazed windows to side aspect. From reception hall, door to: SHOWER ROOM 9’6” (2.90m) x 4’10” (1.47m).
A refitted modern matching white suite comprising good size tiled shower enclosure with fitted mains shower unit including separate shower attachment. Wash hand basin with modern style mixer tap.
Low level WC. Part tiled walls. Heated ladder towel rail. Inset LED spotlights to ceiling. Extractor fan. TENURE LEASEHOLD.
There is currently a short term left on the lease but on legal completion this will be extended to 999 years.
MAINTENANCE/SERVICE CHARGE The current charge is £140 per month GROUND RENT The current charge is £25 per annum MATERIAL INFORMATION Construction Type: Brick Mains: - Water, drainage, electric, gas Heating: Gas central heating Mobile: Indoors – Current data from Ofcom website: Mobile: Outdoors – Current data from Ofcom website: Broadband: Current data from Ofcom website: Flood Risk: Current data can be found on the GOV.UK website: Mining: No risk from mining Council Tax: Band B (Exeter) DIRECTIONS From Samuels Estate Agents’ Longbrook Street office continue down the road, over the mini roundabout, into Pennsylvania Road.
At the traffic light/crossroad junction turn right into Union Road proceed along taking the 3rd right into Springfield Road. The property in question will be found on the left hand side.
VIEWING Strictly by appointment with the Vendors Agents.
AGENTS NOTE The information given in these particulars is intended to help you decide whether you wish to view this property and to avoid wasting your time in viewing unsuitable properties.
We have tried to make sure that these particulars are accurate, but to a large extent we have to rely on what the seller tells us about the property.
We do not check every single piece of information ourselves as the cost of doing so would be prohibitive and we do not wish to unnecessarily add to the cost of moving house.
Once you find the property you want to buy, you will need to carry out more checks into the property than it is practical or reasonable for an estate agent to do when preparing sales particulars.
For example, we have not carried out any kind of survey of the property to look for structural defects and would advise any homebuyer to obtain a surveyor’s report before exchanging contracts.
If you do not have your own surveyor, we would be pleased to recommend one.
We have not checked whether any equipment in the property (such as central heating) is in working order and would advise homebuyers to check this.
You should also instruct a solicitor to check all legal matters relating to the property (e.g.
title, planning permission, etc.) as these are specialist matters in which estate agents are not qualified. Your solicitor will also agree with the seller what items (e.g.
carpets, curtains, etc.) will be included in the sale.
Please be aware that all measurements within these particulars are recorded with a sonic tape, and whilst every effort has been taken to ensure their accuracy potential purchasers are recommended to satisfy themselves before entering a contract to purchase.
AGENTS NOTE MONEY LAUNDERING POLICY Samuels Estate Agents are committed to ensuring that it has adequate controls to counter money laundering activities and terrorist financing activities, in line with the Money Laundering Regulations 2007.
Any prospective purchaser will be required to show proof of funds and identification. We ask for your cooperation on this matter in order that there will be no delay in the transaction.
EPC RATING: C (71)
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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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 1B Springfield Road, St James, Exeter, EX4
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