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See how verdicts workStudio flat · EX4 4JN
Listing removedReduced £10k (−9.1%) on 30 JunListed 1141 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well-appointed first-floor studio apartment occupying a highly convenient central position within easy walking distance of the vibrant Princesshay Shopping Centre, Exeter High Street, and the Southernhay Business District.
The flat is accessible by both stairs and a lift to the first floor.
Offering well-presented accommodation throughout, the property comprises an entrance hallway with two built-in storage cupboards, open plan kitchen/living/bedroom space, the kitchen area fitted built a built-in oven and hob, and the bedroom area with a comprehensive range of fitted wardrobes, maximising the available storage space.
A door gives access to the balcony which provides a pleasant outside seating area. A modern shower room completes the accommodation.
Internal viewing is highly recommended of this superb studio apartment.
Leasehold Information Length of Lease: 125 years from 1 January 2005 Annual Service Charge: £1,740.76 Annual Ground Rent: £238.92 Service Charge Review Period: December Ground Rent Review Period: December Lettings Potential Naomi J Ryan Lettings Department have put an estimated rental value on this property of £750 per calendar month, providing a gross rental yield of 7.9%.
If you would like further information regarding this or any aspect of letting a property, please contact our Lettings & Property Management Department.
Viewing Arrangements Strictly by appointment with Naomi J Ryan Estate Agents. Referral Fee Disclosure We recommend sellers and/or potential buyers use the services of The Mortgage Quarter.
Should you decide to use the services of The Mortgage Quarter you should know that we would expect to receive a referral fee of £200 from them for recommending you to them.
You are not under any obligation to use the services and can seek alternative providers of these services. Further information is available on our web site.
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 25, Marcus House, Exeter
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