2-bedroom terraced house · EX6 8FG
For saleListed 22 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** 40% share of ownership *** An opportunity to acquire a well proportioned end terraced house being sold on a shared ownership basis. Ideal for a first time buyer’s first step on the market.
Two double bedrooms. First floor bathroom. Reception hall. Modern kitchen. Ground floor cloakroom. Lounge/dining room. Enclosed easy to maintain rear garden. Private allocated parking space.
Gas central heating. UPVC double glazing. Popular village location on the outskirts of Exeter providing access to local amenities and major link roads. Viewing highly recommended.
Accommodation in detail comprises (All dimensions approximate) Front door, with inset obscure double glazed panel, leads to: Reception hall A spacious hallway. Radiator. Laminate wood effect flooring.
Stairs rising to first floor. Understair storage cupboard. Cloak hanging space. Thermostat control panel. Door to: Kitchen 10’0” (3.05m) x 8’2” (2.49m).
Fitted with a range of matching base, drawer and eye level cupboards. Wood effect roll edge work surfaces with matching splashback. Laminate wood effect flooring. Fitted electric oven.
Four ring gas hob with stainless steel splashback and filter/extractor hood over. 1½ bowl sink unit with single drainer and modern style mixer tap. Space for upright fridge freezer.
Plumbing and space for washing machine. Upright storage cupboard. Radiator. Wall mounted boiler serving central heating and hot water supply. UPVC double glazed window to front aspect.
From reception hall, door to: Cloakroom Comprising low level WC. Wash hand basin with tiled splashback. Radiator. Extractor fan. Laminate wood effect flooring.
From reception hall, door to: Lounge/dining room 15’2” (4.62m) x 12’6” (3.81m). A well proportioned room. Two radiators. Laminate wood effect flooring. Telephone point. Television aerial point.
UPVC double glazed window to rear aspect with outlook over rear garden. UPVC double glazed double opening doors providing access and outlook to rear garden. First floor landing Radiator.
Access to roof space. Smoke alarm. Linen cupboard with fitted shelving. Door to: Bedroom 1 13’0” (3.96m) excluding wardrobe space x 10’6” (3.20m). Radiator. Television aerial point.
Telephone point.Deep built in wardrobe with hanging rail and fitted shelf. Two uPVC double glazed windows to front aspect. From first floor landing, door to: Bedroom 2 15’2” (4.62m) x 8’4” (2.54m).
Radiator. Telephone point. Television aerial point. Two uPVC double glazed windows to rear aspect. From first floor landing, door to: Bathroom 8’4” (2.54m) x 7’4” (2.24m) max.
A modern matching white suite comprising panelled bath with mixer tap, fitted electric shower unit over, folding glass shower screen and tiled splashback.
Wash hand basin with modern style mixer tap and tiled splashback. Low level WC. Radiator. Extractor fan.
Outside Directly in front of the property is a private allocated parking space whilst to the rear is an enclosed garden laid to paving and artificial turf for ease of maintenance. Timber shed.
Enclosed to all sides whilst a rear gate provides pedestrian access. Tenure leasehold – 40% share of equity.
Charges The monthly rental charge (60%) is £426 per month and maintenance is £26.73 per month material information Construction Type: Timber framed Mains: - Water, drainage, electric, gas Heating: Gas central heating Mobile: Indoors – Current data from Ofcom website: Mobile: Outdoors – Current data from Ofcom website: Broadband: Current data from Ofcom website: Flood Risk: Current data can be found on the website: Mining: No risk from mining Council Tax: Band C (Teignbridge) directions Proceeding out of Exeter along Topsham Road continue to Countess Wear roundabout and take the 3rd exit left down into Bridge Road.
Proceed down and at the roundabout bear left onto Sannerville Way.
Continue along taking the 1st turning right signposted ‘Exminster’ and continue straight ahead, under the motorway bridge, at the brow of the hill turn left into Milbury Farm development.
At the ‘T’ junction turn left and continue down taking the 2nd right and the property in question will be found on the left hand side. Viewing Strictly by appointment with the Vendors Agents.
Agents note The information given in these particulars is intended to help you decide whether you wish to view this property and to avoid wasting your time in viewing unsuitable properties.
We have tried to make sure that these particulars are accurate, but to a large extent we have to rely on what the seller tells us about the property.
We do not check every single piece of information ourselves as the cost of doing so would be prohibitive and we do not wish to unnecessarily add to the cost of moving house.
Once you find the property you want to buy, you will need to carry out more checks into the property than it is practical or reasonable for an estate agent to do when preparing sales particulars.
For example, we have not carried out any kind of survey of the property to look for structural defects and would advise any homebuyer to obtain a surveyor’s report before exchanging contracts.
If you do not have your own surveyor, we would be pleased to recommend one.
We have not checked whether any equipment in the property (such as central heating) is in working order and would advise homebuyers to check this.
You should also instruct a solicitor to check all legal matters relating to the property (e.g.
Title, planning permission, etc.) as these are specialist matters in which estate agents are not qualified. Your solicitor will also agree with the seller what items (e.g.
Carpets, curtains, etc.) will be included in the sale.
Please be aware that all measurements within these particulars are recorded with a sonic tape, and whilst every effort has been taken to ensure their accuracy potential purchasers are recommended to satisfy themselves before entering a contract to purchase.
Agents note money laundering policy Samuels Estate Agents are committed to ensuring that it has adequate controls to counter money laundering activities and terrorist financing activities, in line with the Money Laundering Regulations 2007.
Any prospective purchaser will be required to show proof of funds and identification. We ask for your cooperation on this matter in order that there will be no delay in the transaction.
EPC rating: C (75)
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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About 116, Milbury Farm Meadow, Exeter
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