2-bedroom flat · EX4 1AW
Listing removedListed 138 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Overview A fully restored and redecorated, light, spacious, large two double bedroom flat in one of Exeter's characterful neighbourhoods, short walk from the historic Quayside, independent restaurants and cafés and the city centre.
St Thomas station is a short walk away along with regular bus services to the city centre and beyond.
Newly refurbished to a high specification, brand-new kitchen and modern bathroom, high ceilings, insulated, fresh décor and flooring throughout.
Bright, open plan living with gas firec central heating and ‘Positive Air Input’ ventilation to circulate fresh air.
Well suited to a professional couple, professional sharers or an individual looking a modern and well-appointed accommodation.
Links into the city centre, St Thomas railway station is within easy walking distance. Unfurnished Available Immediately. Access is via a staircase to the first floor.
Open Plan Kitchen / Living Room Brand new integrated Kitchen with a range of stylish, soft-close wall and floor units, integrated fridge freezer, induction hob, electric oven and slimline dishwasher.
A spacious living room area with high ceilings and lots of natural light, newly redecorated with a new carpet, wall mounted radiators, and an innovative Positive Air Input ventilation system.
Bedroom 1 Generous double bedroom with UPVC double glazing,new carpet, neutral décor, wall mounted radiator.
Bedroom 2 Generous double bedroom UPVC Double glazed window, new carpet, neutral décor, and wall mounted radiator and a positive airinput system.
Shower Room Brand new, modern shower room with walk-in cubicle having a rain shower and handheld shower, hand basin with vanity unit, close-coupled WC, chrome ladder-style heated towel rail.
A freestanding washer-dryer is provided. Please note: there is no outside space with this property.
Key Facts: Rent:£1,300 Deposit:£1,500 *Holding Deposit:£300 Total Annual Household income required to meet affordability: £39,000 Type:Unfurnished Furniture/Appliances:Built in oven, induction hob, Integrated Fridge Freezer & Washer Dryer.
Heating:Electric Heating Utilities:Water, Electricity, Council Tax Council Tax Band:A District:Exeter City Council Terms:Assured Periodic Tenancy Restrictions:Unsuitable for Pets Availability:Immediately Please contact Cardens Residential on or email to arrange your viewing.
*Holding deposit: The holding deposit is no greater than one weeks rent and once paid reserves a property for the applicant.
If the landlord withdraws the property or declines your application the holding deposit will be refunded in full.
However, the deposit can be forfeited if any relevant person (including any guarantor) withdraws from the tenancy, fails a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and/or Deed of Guarantee) within 15 calendar days (or an extended Deadline as mutually agreed).
On signing the tenancy agreement, the Holding Deposit becomes part of the Damage Deposit and will be offset against the total deposit due.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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.
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