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See how verdicts work1-bedroom flat · EX1 2DU
Under offerReduced £15k (−8.6%) on 25 OctListed 514 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description This is a spacious ground floor one bedroom flat which benefits from gas fired central heating, character sash bay windows with folding window shutters and gardens to the front.
The property is being sold with vacant possession and is equally suitable as an investment with a good rental history or owner occupation, situated in a highly sort after residential location approximately half a mile from Exeter City Centre and a supermarket nearby with easy access to the RD&E Hospitals and St Lukes campus of Exeter University.
THE ACCOMMODATION, WITH APPROXIMATE MEASUREMENTS, COMPRISES THE FOLLOWING Ground Floor: Private entrance door to Living Room: 5.16m (16'11") x 4.70m (15'5") into bay and alcoves.
Two radiators, feature fireplace with a tiled hearth, marble effect surround and mantel piece, picture rail, ceiling architrave, sash windows with folding window shutters, wall mounted intercom.
Kitchen: 2.84m (9'4") x 1.85m (6'1") Stainless steel single drainer sink unit set in work surface with cupboards, drawers, appliance space below, plumbing for washing machine, tiled splash backs, wall mounted cupboard units, appliance spaces for fridge/freezer and cooker, gas point, coved ceilings.
Bedroom: 4.65m (15'3") x 3.17m (10'5") into alcove. Radiator, coved ceilings, wall mounted boiler supplying domestic hot water and central heating, sash windows to the rear.
Bathroom: 1.83m (6'0") x 1.73m (5'8") Heated towel rail, panel bath with hot and cold mixer tap and integrated shower head, part tiled, close coupled w/c, pedestal washy basin with tiled splash backs, wall mounted mirror and glass shelf, wall mounted electric fan heater.
Outside Front: Paved patio area with flowerbed borders and inset stocked with shrubs. Agents Notes. Council Tax: Exeter City Council Band A EPC Rating D (61) Lease: 999 Years from 1990.
Maintenance / Service Charge: N/a Service Charge Review: N/a Ground Rent: Peppercorn Ground Rent Review: N/a For further information regarding this property please contact Andy Wilkinson Telephone: or Email: VIEWING BY APPOINTMENT WITH CARDENS RESIDENTIAL
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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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 North Avenue, 7 North Avenue, Exeter
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