1-bedroom flat · EX4 1HY
Sold STCListed 140 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Spacious 1 bedroom ground floor flat with access to communal parking and gardens. Located in the heart of St Thomas with bus routes, a train station and amenities on your doorstep.
Property description Situated in the highly sought-after area of St Thomas, this spacious ground floor one-bedroom flat offers light and airy accommodation throughout, along with access to communal off-road parking and well-maintained communal gardens.
Accessed via a secure communal entrance, the flat is conveniently located on the left-hand side.
Upon entering, the property immediately feels bright and welcoming thanks to the large windows throughout.
The exceptionally spacious living room overlooks the front of the property and provides ample room for both relaxing and entertaining.
The kitchen is fitted with a range of storage units, offering plenty of space for kitchen essentials and appliances, alongside a larger-style storage cupboard.
There is also room for a dining table, while the kitchen enjoys pleasant views over the communal gardens.
The bedroom is a generously sized double room featuring integrated storage cupboards and a large window, creating a bright and comfortable space.
Off the hallway, there is an additional spacious storage cupboard housing the boiler, ideal for further household storage.
Being located on the ground floor, the property benefits from immediate access to the communal gardens directly outside the communal entrance.
The gardens are mainly laid to lawn, well maintained, and provide a lovely sunny outdoor space to relax, ideal for pets or children to enjoy.
Perfectly positioned in the heart of St Thomas, the property is within easy reach of a wide range of local amenities including shops, supermarkets, restaurants, salons, and more.
St Thomas train station and regular bus routes are also nearby, offering excellent transport links.
The beautiful River Exe is just a short 10-minute walk away, providing access to scenic walking and cycling routes leading towards nearby coastal towns and villages.
This property would make an ideal first-time purchase or investment opportunity. Early viewing is highly recommended – contact us today to arrange your viewing.
Material info # Verified Material Information ## Costs and tenure Tenure: Leasehold Lease length: 87years Ground rent: £10/year Service charge: £163/year Council tax band: A EPC rating: C ## The building End-terrace flat, standard construction Accessibility adaptations: None ## Services Mains electricity Mains water Mains foul drainage Mains surface water drainage Mains gas central heating Heating features: Double glazing Broadband: FTTP (Fibre to the Premises) Mobile coverage: O2 good, Vodafone good, Three good, EE good Parking: Private ## Risks and restrictions Not a listed building Not in a conservation area No tree preservation order Title register restrictions (DN248859): - There is a restriction which means that if the property is sold by only one owner, a court order or specific legal procedure is required.
This is common when people own a property together as 'tenants in common', which protects each person's individual share.
- The property cannot be sold or transferred without the written consent of the mortgage lender, The Mortgage Works (UK) plc.
This is a routine requirement that ensures the mortgage is paid off during the sale.
Long-term flood risk: Yes - River and sea flooding risk: Low; Surface water flooding risk: Very Low; Reservoir flooding risk: At risk; Groundwater flooding risk: Unlikely All information is provided without warranty.
Contains hm Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The information contained is intended to help you decide whether the property is suitable for you.
You should verify any answers which are important to you with your property lawyer or surveyor or ask for quotes from the appropriate trade experts: Builder, plumber, electrician, damp, and timber expert.
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 7, Prospect Place, Exeter
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