1-bedroom flat · EX4 7ER
Listing removedListed 253 days
Opportunity summary
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About
Summary Guide price £130,000 - £140,000 A 1 bedroom first floor apartment with open views, located in the Stoke Hill area of Exeter, close to the City Centre.
The home is ideal for a first time buyer or investor. Outside there is communal gardens and a outside store. No chain!
Description Guide price £130,000 - £140,000 A 1 bedroom first floor apartment with open views, located in the Stoke Hill area of Exeter, close to the City Centre, university, amenities and transport links.
The home is ideal for a first time buyer or investor. Outside there is communal gardens and a outside store. No chain! The owner is currently having the lease extended for a buyer.
The accommodation comprises:- Communal entrance hallway with stairs to first floor, entrance hall, lounge/diner, kitchen/breakfast room, bedroom, bathroom/WC and storage area.
Agents Note The seller is currently extending the lease by 37 years to create a 125 year lease. Communal Entrance Hallway Stairs to First Floor landing.
Entrance Hall Double glazed obscured door to side, store cupboard. Living Room/ Diner Double glazed rear aspect window with open views, wall mounted radiator.
Kitchen/ Breakfast Room Double glazed front aspect window, fitted wall and base units, work surfaces, 1 1/2 bowl stainless steel sink unit, electric oven, gas hob with extractor over, space for fridge freezer, plumbing for washing machine, wine rack, tiling.
Bedroom 1 Double glazed rear aspect window, wall mounted radiator. Bathroom Double glazed obscured front aspect window, bath with electric shower over, low level toilet, wash hand basin, tiling.
Rear Garden Brick-built store shed, communal lawned gardens to front, side and rear.
We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.
1.
Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
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
Agent & docs
FAQ
About 8a, Wynford Road, Exeter
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