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See how verdicts work2-bedroom flat · EX8 1QQ
For saleReduced £10k (−4.8%) on 23 SepListed 434 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary guide price £210,000 - £220,000. A 2 bedroom ground floor apartment located in the beautiful location of exmouth, this home is amazing and has been completely refurbished to a high standard.
Outside there is a shared courtyard garden and an allocated parking space. No chain.
Description guide price £210,000 - £220,000 A 2 bedroom ground floor apartment located in the beautiful location of exmouth within close distance of the lively town centre, amenities, transport links and beaches with 95 miles of stunning coastline, this home is amazing and has been completely refurbished to a high standard and ready to move into, needs to be seen to be appreciated.
The kitchen/breakfast room is great for socialising with friends as has so much space. Outside there is a shared courtyard garden and an allocated parking space. No chain.
The accommodation comprises:- Communal entrance hallway, entrance hallway, lounge, kitchen/breakfast room, shower room/WC, 2 bedrooms and Jack and Jill bathroom.
Entrance Hall Under stairs storage, wall mounted radiator. Bedroom 1 15' 3" x 15' 2" into recess ( 4.65m x 4.62m into recess ) Double glazed front aspect bay window, spotlights, wall mounted radiator.
Kitchen 15' 7" x 11' 4" ( 4.75m x 3.45m ) Double glazed side aspect sealed unit, double glazed door to side, wall and base units, quartz work surfaces, quartz island unit with wine rack, built-in fridge freezer, breakfast bar, double electric oven, electric hob with extractor over, stainless steel sink unit, spotlights, cupboard housing boiler.
Wc/Utility Double glazed obscured rear aspect window, plumbing for washing machine, low level toilet, wash hand basin with cupboard below, tiling, heated towel rail.
Living Room 12' 5" x 12' 8" into recess ( 3.78m x 3.86m into recess ) Wall mounted radiator.
Bedroom 2 12' 1" x 8' 5" ( 3.68m x 2.57m ) Double glazed side aspect window, spotlights, wall mounted radiator.
Jack & Jill Shower Room Double glazed obscured rear aspect sealed unit, double shower cubicle with mains shower, low level toilet, wash hand basin with cupboard below, tiling, mirror with touch lighting, spotlights, heated towel rail.
Outside Front gravelled garden. Rear garden with outside storage cupboard. Shared patio area all enclosed by walls. Parking space at rear. Agents Notes There is a lease on Flat 2.
The vendor of this flat is the freeholder. Service charge is split 50/50 with Flat 2 when required. There is an easement on the title, please enquire with the branch. 1.
Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
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 118, Exeter Road, Exmouth
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