1-bedroom flat · EX4 9BP
For saleListed 14 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Underhill Estate Agents are delighted to bring to market this ground floor, 1 bedroom garden flat in Exeter.
This well maintained property comprises of a living room, kitchen, bathroom with panelled bath and electric shower over and a master bedroom.
Further benefits include, central heating, double glazing throughout and a well maintained rear garden with outbuilding.
Situated down a quiet residential road and is positioned close to Mincinglake Park Nature Reserve as well as all local amenities including supermarkets, local bus routes and leisure centre.
This would make an ideal first time buyer's home or investment property, viewings are highly recommended.
Exeter City offers the opportunity to live in a safe and friendly modern city with an historic and fascinating past.
Bars, restaurants and cafes together with an entirely new and trendy shopping centre live happily alongside some outstanding and charming historic buildings including the Roman city wall, the oldest working civic building in the County and the Cathedral consecrated in 1133.
Exeter is a great place in which to work and live.
Living Room 11' 8" (3.56m) x 10' 1" (3.07m): A bright and welcoming living room with UPVC double glazed window and door leading out to the garden, double radiator and real wood flooring.
Kitchen 11' 6" (3.51m) x 7' 3" (2.21m): Square edge worktop, one and a half bowl stainless steel sink with drainer, Baxi combi boiler, space for free standing fridge/freezer, space for free standing cooker, space for dishwasher, space for washing machine, UPVC double glazed window, double radiator and tiled flooring.
Bedroom 11' 2" (3.40m) x 6' 9" (2.06m): Double bedroom with UPVC double glazed window to the rear of the property with views over the garden, single radiator and real wood flooring.
Bathroom 5' (1.52m) x 6' (1.83m): Fitted bathroom with white suite comprising of a panelled bath with electric shower over, low level WC and wall mounted sink.
UPVC obscured double glazed window, partially tiled walls and tiled floor. Garden: A spacious garden with patio area, raised flowerbeds and large lawn area. Brick built storage unit.
Tenure: Leasehold Lease length: The lease is for a term of 125 years from the 13th March 1989 (Freeholder is Exeter City Council) Service charges: We have been advised by the seller that the service charge is £272.90 for 2026 and there is also a buildings insurance charge which is £78.31 for 2026.
Ground rent: £10 pa EPC Rating: C Please note: Some property images may have been virtually staged using AI technology to illustrate potential interior design ideas, remove personal items or furniture from the home.
Value & comps
No previous sales on record.
Returns
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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.
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About Elaine Close, Exeter
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