We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom flat · EX4 4HD
Sold STCListed 89 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Spacious One-Bedroom City Centre Apartment with Off-Road Parking – No Onward Chain - Close to university - Excellent tenant in situ paying £866 pm Full description Situated in the heart of Exeter city centre, walking distance to the university, this beautifully designed one-bedroom apartment offers generous living space, an abundance of natural light, and the rare benefit of off-road parking.
Upon entering the property, you are welcomed by a spacious entrance hall with ample room for coats and shoes, along with two useful storage cupboards, providing excellent practicality.
The impressive kitchen/dining room is the heart of the home, featuring plenty of fitted storage, generous worktop space, and room for a dining table.
Two large windows flood the room with natural light, creating a bright and inviting atmosphere.
The spacious living room is equally impressive, with a large window that enhances the light and airy feel, making it the perfect space to relax or entertain.
The generously sized double bedroom benefits from built-in wardrobes and direct access to the contemporary en-suite shower room.
The en-suite comprises a WC, wash hand basin, and a modern shower enclosure.
Perfectly positioned in Exeter city centre, the apartment is just moments from an excellent range of amenities, including shops, restaurants, cafés, pubs, entertainment venues, cinemas, two railway stations, and the central bus station, offering outstanding connectivity.
The property also enjoys convenient access to the A30 and M5, making it an ideal choice for commuters.
Offered to the market with no onward chain, this exceptional apartment would make an ideal first-time purchase, investment opportunity(Current tenant paying £866 per month), or convenient city-centre home.
Material info # Verified Material Information ## Costs and tenure Tenure: Leasehold Lease length: 175 years remaining (199 years from 2002) Ground rent: £25/year Service charge: £678/year Lease restrictions: See Lease 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 great, Vodafone great, Three good, EE great Parking: Allocated, Private, and Off Street Not in a controlled parking zone No disabled parking available ## Risks and restrictions Not a listed building In In the Longbrook conservation area (per ; confirm via the local authority search).
No tree preservation order Title register restrictions (DN503223): - There is a standard restriction for joint owners which means that if the property is sold, the money must be paid to at least two people or a trust corporation.
This ensures that the interests of all owners are protected. - The lease contains specific rules regarding how the property can be sold or transferred.
Any attempt to sell the property that breaks these lease rules will not be recognised by the Land Registry. No environmental risks recorded 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
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Flat2 1, Blackall Road, Exeter
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