2-bedroom property · EX1 2JP
For saleReduced £2k (−2.1%) on 10 FebListed 869 days
Opportunity summary
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About
Underhill Estate Agents are delighted to bring to market this well maintained CHAIN FREE, 2 bedroom, 1st floor apartment in Cleveland Court, Exeter.
This well presented property benefits from an open plan living room/ kitchen with integrated appliances, master bedroom with fitted wardrobe, single bedroom and a wet room style bathroom with walk in shower.
Located in the heart of Exeter city centre in a tucked away and quiet position, this apartment is just a few minutes walk from Exeter Sidwell Street.
Living Room Spacious living room with UPVC double glazed window, night storage heater, TV point and carpeted flooring.
Kitchen Fitted kitchen with a range of wood effect wall and base units, fan oven, roll top worktops, electric hob, single bowl stainless steel sink with mixer tap.
Space for free standing washing machine, free standing fridge freezer, coving, UPVC double glazed window and wood-effect vinyl flooring.
Bedroom Two Bright and airy bedroom with coving, TV point, night storage heater and carpeted flooring.
Bedroom One Bright and spacious double bedroom with coving, UPVC double glazed window, electric heater, carpeted flooring and built in sliding wardrobe.
Bathroom Fitted bathroom with walk in wet room style shower, closed couple WC, pedestal sink, coving, UPVC double glazed window, white towel rail, walls tiled floor to ceiling and vinyl flooring.
Tenure: Share of Freehold EPC Rating: D Council Tax: Band A Lease Info: 145 years remaining (153 from 2017) Annual Service Charge: £220 per month Annual Ground Rent: £100 per year Please note: Some property images may have been virtually staged using AI technology to illustrate potential interior design ideas.
Value & comps
No previous sales on record.
Returns
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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.
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FAQ
About Grosvenor Place, Exeter
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