2-bedroom terraced house · EX2 4SB
Sold STCListed 323 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price £325,00 - 335,000 A superb opportunity to acquire this stylish end-terraced period conversion enjoying an enviable position within this sought-after residential development.
The property is ideally placed within walking distance of the RD&E Hospital, Exeter Quay, local amenities and the city centre.
The accommodation is presented to a high standard throughout, successfully combining modern comforts with character features.
On the ground floor is a welcoming reception hall, a well-proportioned sitting room and an excellent kitchen/breakfast room fitted with modern cabinetry, integrated appliances and a bright double window.
A quality fitted conservatory/dining room with a pitched glazed roof enjoys direct access onto the private rear courtyard garden. A ground-floor cloakroom completes the layout.
On the first floor, the master bedroom benefits from built-in wardrobes and a luxury ensuite shower room finished with contemporary tiling and a walk-in glass shower enclosure.
A second generous double bedroom also includes fitted storage and enjoys dual-aspect windows. The modern family shower room has multiple windows providing excellent natural light.
Outside, the property enjoys use of the beautifully kept communal gardens as well as its own small private garden area comprising patio, shrub borders and lawn.
There is an allocated parking space along with additional visitor parking. A charming home in a highly desirable location. Viewing is strongly recommended.
Council Tax Band: C Tenure: Share of Freehold (995 years) Service Charge: £118 per month AGENTS NOTES: The Grange is leasehold, however the freehold is owned by the Management Company, called Wellingtonia Grange Management Company Ltd.
The owner of No.12 is a member/shareholder of this Management Company, meaning they have a share of the freehold alongside the other owners.
This is commonly referred to as "leasehold with a share of the freehold." What this means in simple terms for buyers: Hall Engineered wood flooring. Deep storage cupboard. Coved ceiling.
Inset spotlights. Stairs rising to first floor. Glazed window to side aspect. Door to: Cloakroom Modern white suite comprising low-level WC and wash hand basin. Radiator.
Half-height tiled surround. Extractor fan. Obscure window to side aspect.
Kitchen The kitchen/breakfast room is fitted with a modern range of matching units with roll-edge work surfaces and tiled splashbacks, incorporating an electric oven with induction hob and extractor fan above, integrated dishwasher and fridge/freezer, plumbing for a washing machine, and a composite sink with drainer set beneath single-glazed side-aspect windows providing good natural light.
There is also space for a breakfast table and chairs, together with a wall-mounted concealed boiler serving the central heating and hot water.
Lounge/diner A bright and spacious dual-use living area with attractive engineered flooring. Telephone point. Inset spotlights. Glazed window to rear aspect.
Double glazed doors opening to: Conservatory High-quality double-glazed conservatory with pitched glazed roof. Dwarf wall. Tiled floor. Power and light.
Double glazed windows and doors opening directly onto private patio and garden area. Pleasant outlook over well-kept communal grounds.
Landing Carpeted, front aspect glazed window, access to loft through hatch Bedroom 1 Generous double room with a full wall of built-in wardrobes providing ample hanging and shelving space.
Radiator. Two glazed windows to side aspect with pleasant outlook over communal gardens.
Door to: Ensuite shower room Modern en-suite, fitted low level WC and wash basin, storage behind wall mirrors, heated towel rail, shower cubicle with partial tiling and mixer tap with shower overhead and extractor fan Bathroom The main bathroom is finished to an excellent standard, fitted with a modern white suite comprising a large walk-in glass shower enclosure with contemporary tiled walls, a wall-hung wash hand basin with mixer tap, low level WC, heated towel rail and an integrated mirror-fronted storage cabinet with concealed lighting.
The room also features a tiled floor, shaving point, extractor fan, spotlighting and two windows providing excellent natural light. Bedroom 2 A second spacious double bedroom with radiator.
Built-in cupboard/wardrobe. Inset spotlights. Two glazed windows to rear aspect and two additional windows to side aspect providing a pleasant open outlook and excellent natural light.
Outside In addition to the beautifully landscaped communal grounds, the property benefits from its own private rear garden area comprising patio, shrub bed and lawn.
There is one allocated parking space plus additional visitor parking.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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 The Grange, Exeter
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