2-bedroom flat · EX2 7TD
Sold STCReduced £5k (−2.6%) on 27 MarListed 410 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A superb two-bedroom ground-floor flat, modernised by the current owner and offering well-presented accommodation throughout.
Clyst Heath is a popular modern development on the Eastern outskirts of the city, offering excellent access to major link roads, including the M5 motorway, A38/380 and the A30 and a good range of local facilities, including Digby & Sowton Railway Station and the popular Park and Ride service, both of which connect to the City Centre.
The spacious accommodation comprises entrance hall, a living room, a modern fitted kitchen, two double bedrooms, a modern ensuite shower room and a separate bathroom.
The flat has gas central heating and double glazing. Outside, there is a single garage located in a block to the front of the building.
Leasehold Information Length of Lease: 999 years from 1 October 1997 Annual Service Charge: £2,005.56 Annual Ground Rent: £175 Service Charge Review Period (Year/Month): Yearly.
Ground Rent Review Period (Year/Month): Yearly. Material Information Construction notes: Brick Utilities: Mains water, electricity, drainage, and gas.
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.
Viewing Arrangements Strictly by appointment with Naomi J Ryan Estate Agents. 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
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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.
Area
Agent & docs
FAQ
About 41, Lewis Crescent, Exeter
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