2-bedroom house · EX2 5EJ
For saleReduced £10k (−6.5%) on 15 AugListed 337 days
Opportunity summary
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About
A spacious two bedroom retirement apartment situated just a short distance from Heavitree's high street.
The flat is located on the third floor with a lift to all floors and use of the communal spaces, grounds and car park.
The internal accommodation briefly consists of an entrance hallway, a living room, a kitchen, two double bedrooms, a bathroom and a separate cloakroom.
The Maltings is situated in an excellent position and is close to a number of amenities, including a wide range of shops and cafes along Heavitree's high street, a Post Office, gp surgeries and pharmacy, a dental practice, the rd&E Hospital, and the popular Pleasure Grounds for walks.
Exeter's city centre is also nearby, with many bus services in and out of the city.
Accommodation The front door opens into the spacious entrance hallway which provides access to each of the rooms, and benefits from two large built-in storage cupboards, both of which have lights.
The living room is a pleasant reception room complemented by a window to the front aspect with lovely far-reaching views across the city and beyond.
The separate kitchen diner is well-proportioned and contains a range of matching wall and base units with fitted worktops, a tiled splashback and a stainless steel sink and drainer unit.
Appliances include an eye-level oven with a separate electric hob and extractor hood, plus space for a dishwasher, a washing machine and a tall fridge freezer.
There is also a window to the rear aspect with leafy views, and space for a dining table and chairs.
The two bedrooms are both doubles, with the master bedroom enjoying a fitted wardrobe, and a window to the front aspect with far-reaching views.
Bedroom two features windows to both the rear and side aspects with a pleasant outlook.
Lastly, the shower room comprises a shower cubicle, a pedestal wash basin, a wall-mounted Dimplex heater and an extractor fan.
The separate cloakroom incorporates a close-coupled WC, a wall-mounted wash basin with a mixer tap over, and an extractor fan.
Communal Areas, Gardens & Parking Residents benefit from access to beautiful and well-maintained communal grounds which stretch along the side of the building, as well as communal laundry facilities and a residents' lounge.
A car park is located close to the entrance of the building and there is lift access to each of the floors.
Property Information Tenure: Leasehold (we understand that the lease length is 125 years from 29 September 1987, and the current maintenance charge is £196.50 per month). Council tax band: B.
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.
Area
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FAQ
About 48 The Maltings, Church Street, Exeter
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