2-bedroom flat · EX5 2JD
For saleListed 203 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A charming ground-floor garden apartment with character, Grade II Listed, thoughtfully converted from the Old School, offering light, bright, and spacious accommodation.
The apartment features a welcoming reception hall with a cloakroom off, leading into spacious double reception rooms – ideal for entertaining family and friends – alongside a well-equipped kitchen.
There are two generous double bedrooms, both with built-in wardrobes, and a family bathroom.
The accommodation is filled with natural light throughout, while interesting features and period details enhance the character and charm of the home.
Outside, the property benefits from a private and enclosed garden, perfect for relaxing or entertaining, along with a single garage and an additional parking space.
Directions Approached from Sidmouth Road (A3052), the property is easily accessible by turning right onto the B3184 towards Exeter Airport and Honiton, before taking the first right-hand turn signposted to Farringdon.
Continue along this road for approximately half a mile, where the brick-pillared entrance to The Drive can be found.
High Cedars is located within this exclusive development, take the first driveway on the left the garage and entrance are the first on the right.
Location The property is set amidst a small collection of other properties in a friendly and welcoming community, located in the beautiful Devon countryside.
It is approximately 6.5 miles to the east of Exeter and provides easy access to the M5/A30 and is within 20 minutes of the beautiful East Devon beaches of Exmouth, Budleigh Salterton and Sidmouth.
It also benefits from being only 2 miles from Exeter International Airport but is not situated on the commercial flight path.
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
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FAQ
About 1 High Cedars, The Drive, Exeter
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