2-bedroom flat · EX2 8HN
Sold STCReduced £5k (−3%) on 6 OctListed 142 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This delightful two-bedroom apartment, offered with no onward chain, is perfectly positioned for convenient access to local amenities.
Supermarkets, Exe Bridges Shopping Centre, Riverside Leisure Centre, Exeter’s vibrant Quayside with its cafés, restaurants and independent shops, and the City Centre are all within easy reach.
Beautifully presented following recent redecoration and new carpets, the property is accessed via a communal entrance and hallway leading to the first-floor landing.
Inside, you’ll find an entrance hall, a modern shower room, two spacious double bedrooms, and a bright open-plan living area complete with a sleek high-gloss kitchen.
Outside, the apartment benefits from its own private parking bay, accommodating two vehicles in tandem. The property has access to a communal area of garden located behind the building.
Naomi J Ryan Estate Agents are delighted to bring this property to the market for sale and highly recommend internal viewing to fully appreciate all it has to offer.
Leasehold Information Length of Lease: 199 years from 1st January 2009 - 182 years remaining Share of Freehold included in sale.
Annual Service Charge: £1,440.00 Annual Ground Rent: £0 Service Charge Review Period (Year/Month): Annually - as a shareholder voting rights and a right to challenge proposals, including increases.
Ground Rent Review Period (Year/Month): N/A Service charge includes: Buildings Insurance. Structural and cosmetic maintenance including grounds maintenance. Communal electricity.
Fire Alarm testing and maintenance. External window cleaning.
Material Information Construction notes: Brick Heating: Gas Central Heating Utilities: Connected to mains gas, electric, water, and drainage Broadband and Mobile Coverage: For an indication of specific speeds and supply or coverage in the area, we recommend checking with Ofcom by visiting their web site.
Agents Note The property will be required to contribute approximately £500.00 for planned external repairs and redecoration planned for 2027.
360 Virtual Tour A 360 degree Virtual Tour is available to view on our web site. 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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
FAQ
About Flat 4, 34, Alphington Road, Exeter
Explore nearby