2-bedroom flat · EX4 8QP
For saleReduced £10k (−6.3%) on 21 JunListed 371 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A two bedroom first floor retirement apartment no onward chain Honeylands Drive is part of the Priory Green development and comprises of 37 properties two of which are flats.
The Resident Development Manager can be contacted from within each property in the case of an emergency and for periods when the Resident Development Manager is off duty there is a 24 hour emergency Appello call system with pendants.
The property benefits from fibre broadband and has an up to date electrical test and inspection certificate.
The property comprises of stairs leading to first floor landing corridor, lounge, kitchen two bedrooms and the shower room. Accommodation Access to property via shared patio. Outside light.
Entrance Hall Stairs leading to landing with doorbell, storage cupboard, airing cupboard and Apello call system. Ceiling light fittings on 2 way switching and large wall mirror.
Living/Dining Room Night storage heater, TV aerial, phone and power points, ceiling and wall light fittings, large storage locker under bay window. Double aspect views to front and rear.
Wall corner unit. Kitchen Partly tiled and fitted with wall units, base units and work tops. Single stainless steel sink unit with drainer.
Spaces for washing machine or dishwasher, electric oven and induction hob. Space for refrigerator/freezer. LED strip light.
Bedroom One With Triple Glazed Window Triple built in wardrobe hanging rail, night storage heater, TV and phone point. Ceiling light fittings. Power points.
Bedroom Two With Triple Glazed Window Ceiling light fittings. Power points. Bathroom Partly tiled fitted with suite comprising shower WC with low level flush. Wash hand basin. Shaver point.
Vanity unit and wall heater.
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
Agent & docs
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FAQ
About 18, Honeylands Drive (Exeter), Exeter
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