1-bedroom flat · EX4 3ES
For saleListed 36 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description This charming city centre maisonette enjoys a wonderfully convenient yet quietly tucked-away position, just off Queen Street, making it ideally placed for everything Exeter has to offer.
The city centre, Exeter Central railway station, Exeter College and the University are all within easy reach, making this an excellent opportunity for a first-time buyer, professional or investment purchaser.
Approached via its own private entrance, the property has a welcoming feel from the outset, with stairs leading to the first floor where the accommodation opens into a particularly light and spacious sitting room.
A fireplace provides an attractive focal point and adds a lovely sense of character, while doors lead through to the well-appointed kitchen/dining room.
The second floor provides a generous double bedroom, offering a peaceful retreat away from the main living accommodation, together with a bathroom.
From this level, a door leads out to a small balcony, which is a real highlight of the property.
From here, there are panoramic views across the rooftops of Exeter, taking in the distinctive tower of St David’s Church and extending beyond.
With its central location, characterful accommodation and far-reaching city views, this is a particularly appealing maisonette offering the opportunity to enjoy Exeter city living from a tucked-away position.
Situation Northernhay Square is a quiet and very convenient location close to the city centre.
The Cathedral city of Exeter has a wide range of shopping and leisure facilities and a variety of private and state schools, and an expanding college and university.
There is a selection of theatres, cinemas and restaurants whilst St. David’s railway station offers a link to London Paddington in a little more than two hours.
Exeter Airport is about five miles away providing regular air services to the UK and international destinations.
Directions From Exeter city centre proceed along Queen Street towards Exeter central station passing the museum on your right hand side, and turn left before the pedestrian crossing onto Northernhay Street.
Northernhay Square can be found after a short distance on the right.
Services: The vendor has advised the following: Mains gas (serving the central heating boiler and hot water), mains electricity, water and drainage. Telephone landline not currently installed.
Broadband currently in contract with Virgin Media approx. Download speed 1600 Mbps and Upload speed 115 Mbps.
Mobile signal: Several networks currently showing as available at the property including 02, EE, Three & Vodafone. Agents Note: The property sits within the St David's Conservation Area.
The vendors advise that they are in the process of extending the Lease to a new term of 125 years and that this is currently in the hands of their solicitor.
Please speak to the Agents for further details.
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 8, Northernhay Square, Exeter
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