Studio flat · EX4 4HL
Sold STCListed 522 days
Opportunity summary
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About
SUMMARY GUIDE PRICE £80,000 - £90,000 A STUDIO APARTMENT located in the City Centre ideal for access to all the shops, restaurants, train stations, college and university.
Patio doors lead straight out onto the beautiful communal gardens. There is also an ALLOCATED PARKING SPACE. NO CHAIN.
DESCRIPTION GUIDE PRICE £80,000 - £90,000 A STUDIO APARTMENT located in the City Centre ideal for access to all the shops, restaurants, train stations, college and university.
The lounge/kitchen has patio doors leading straight out onto the beautiful communal gardens. There is also an ALLOCATED PARKING SPACE and the property is offered with NO CHAIN.
The accommodation comprises:- Communal entrance hallway, stairs or lift to lower ground floor, entrance hallway, lounge/kitchen/bedroom and shower room/WC.
Communal Entrance Hallway Stairs to lower ground floor.
Kitchen/ Living/ Bedroom 26' 3" max to patio doors x 12' 6" max ( 8.00m max to patio doors x 3.81m max ) Double glazed patio doors to rear, intercom system, two night storage heaters, wall and base units, work surfaces, stainless steel sink unit, electric oven and hob, washing machine, tiling, built-in cupboard with hanging space, further cupboard.
Shower Room Shower cubicle with mains shower, low level toilet, wash hand basin, tiling, extractor fan, heated towel rail. Agents Note Cladding is due to be replaced to meet fire safety regulations.
Seller advises cost will be met by the developer. 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 New North Road, Exeter
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