2-bedroom flat · EX4 3QL
To rentListed 13 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious two bedroom lower ground floor flat situated within an attractive period building on Northernhay Place, enjoying its own private entrance and a private garden.
The property offers well-proportioned accommodation, with a generous open-plan living space and French doors opening directly onto the garden.
Northernhay Place is ideally positioned for enjoying Exeter city centre, with its range of high street shops, cafés, restaurants and leisure facilities all within easy reach.
Northernhay Gardens and the historic city walls are also close by, whilst Exeter Central railway station provides convenient rail links. Council Tax Band: C.
Subject to Referencing and Affordability Checks. A Holding Deposit of one week's rent will be requested to reserve the property.
A Tenancy Deposit of 5 weeks' rent will be required should an application be successful.
For full details of charges and fees please visit our website: Accommodation The accommodation is accessed via a private entrance, leading into a large hallway with built-in cupboards and access to each of the rooms.
The spacious open-plan living space provides ample room for both seating and dining, with French doors opening directly onto the garden.
An internal window to the hallway allows additional light through to the entrance area.
The kitchen is fitted with a range of matching wall and base units, worktops and an upstand, together with a stainless steel sink and drainer with a mixer tap over.
Appliances include an oven with an electric hob and extractor hood over, a fridge freezer, washing machine and dishwasher. Both bedrooms are good-sized doubles.
The principal bedroom is situated to the rear of the flat, with a window overlooking the garden and direct access out to the garden.
The second bedroom benefits from a built-in wardrobe and a sash window to the front aspect, fitted with shutters.
The bathroom comprises a close-coupled WC, pedestal wash basin with a mixer tap, and a bath with a mixer tap and shower over, as well as an extractor fan.
Outside The property benefits from its own private garden, accessed directly from the open-plan living space and principal bedroom.
The garden is laid to paving, creating a pleasant, low-maintenance space for seating and dining.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Flat 4a, Northernhay Place, Exeter
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