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See how verdicts work1-bedroom flat · EX8 1AL
Sold STCListed 226 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well presented second floor flat located in the heart of the town centre, overlooking The Strand. This property is currently let making it a fantastic investment property.
There is a potential rental income of £788pcm.
The property comprises of a bright and airy open plan living/dining room, fitted kitchen, one double bedroom, bathroom, study and communal entrance with secure entry system.
The property also benefits from its close proximity to shops, the seafront, a local park, train station and buses. No onward chain. Management Fees: These are subject to change each year.
The last 5 years the service charges have been as follows: Remus management fees: 24.6 25 - 23.6.26 - £2697.42* 24.6.24 - 23.6.25. - £1777.57 24.6.23 - 23.6.24.
- £1775.17 24.6.22 - 23.6.23 - £1198.68 24.6.21 - 23.6.22. - £1275.68 * this figure includes £1k for 'planned Maintenance' should it be required. Ground Rent: £5 per annum.
RECEPTION HALL With door entry phone, smoke detector and telephone point.
OPEN PLAN LOUNGE/DINING ROOM & KITCHEN Comprising: LOUNGE AREA 16' x 11' (4.88m x 3.35m) A bright, attractive room with three double glazed windows, feature wall mounted electric pebble effect living flame remote control fire with mantel over, sky and television point, telephone point.
KITCHEN AREA 7' x 6' 6" (2.13m x 1.98m) Beautifully re-fitted with a range of modern cream high gloss units with soft close cupboards, wood effect worktops with inset four ring halogen hob with stainless steel splash back, built in oven and stainless steel extractor hood over, inset single drainer sink unit with mixer tap over, cupboards and plumbing for automatic washing machine beneath, integrated wine rack, matching range of eye level cupboards, wall mounted gas boiler for hot water.
BEDROOM ONE 12' 4" x 8' 7" (3.76m x 2.62m) With double glazed window to side elevation, electric wall heater, television point.
STUDY/SECOND ROOM 10' 9" x 7' (3.28m x 2.13m) Access from the reception hall via bookshelf style half height door with steps leading down to the study.
With UPVC double glazed window and electric wall heater.
BATHROOM Fitted with a quality suite with bath with shower attachment and shower splash screen, pedestal wash hand basin with fitted mirror over.
WC with dual plush button flush, attractive fully tiled walls, extractor fan, tiled floor. OUTSIDE There are no gardens to maintain.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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
Agent & docs
FAQ
About The Strand, Exmouth
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