2-bedroom flat · EX4 2RE
Sold STCListed 269 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Underhill Estate Agents are delighted to bring to market this FANTASTIC INVESTMENT OPPORTUNITY an elegant first floor apartment set in a beautiful Grade II listed Georgian building with garage and private parking.
This is a unique investment opportunity to purchase this beautiful property with a sitting tenant paying £1,000 per month.
The property is perfectly positioned within walking distance from the river Exe, St Davids train station and the University.
This impressive property benefits from features including high ceilings and multi-paned sash windows.
In brief comprises; an open plan living dining room, kitchen, two well proportioned double bedrooms and a family bathroom with panelled bath and shower over.
The property has gas central heating with a new boiler fitted in early 2025.
Further benefiting from a very low service charge and share of the freehold offered this would make a fantastic investment opportunity. Viewings are highly recommended.
Communal Entrance: The property boasts a grand pillared entrance porch that leads to a heavy timber front door and vestibule.
The stairs and spacious communal halls/landings are regularly maintained and offer a grand introduction to the apartment. Two cupboards provide access to the buildings domestic utility metres.
Communal postbox.
Entrance Hall: Ceiling light, carpeted flooring and doors leading to: Open Plan Living/Dining Area: An imposing and spacious open plan room with high ceilings and views towards the river Exe with two large sash windows (with secondary glazing) to the front allowing for lots of natural light, 2 double radiators, telephone and television points, wall lights, ceiling light point, coving, tall skirting and carpeted flooring.
Door leading to: Kitchen: Galley style kitchen with Modern fitted kitchen with a range of matching white base, wall units and drawers, wood effect worktops, composite single bowl sink with drainer and mixer tap, space for washing machine and space for dishwasher, space for free standing cooker, space for upright fridge/freezer, spotlighting, PVC double glazed sash window to side and wooden floor boards.
Bedroom One: An impressive light and airy, large double bedroom with two sash windows (with secondary glazing) to side and rear elevation, fitted wardrobes, double radiator, telephone point, ceiling light, dimmer switch and carpeted flooring.
Bedroom Two: A good sized double bedroom with sash window (with secondary glazing) to rear elevation, single radiator, ceiling light, and carpeted flooring.
Bathroom: Fitted with a white suite comprising of a panelled bath with shower over (electric) and glazed shower screen, concealed cistern wc. and vanity wash hand basin.
Heated towel rail, downlights, built in airing cupboard, tiled walls and wooden floor boards. Garage: Single garage with metal up and over door.
Parking: I n addition to the garages, Exwick House enjoys ample parking with 4 parking spaces opposite the garages and significant parking inside the gravel driveway and grounds.
Communal Gardens: To the front of the property there is a gated generous gravelled area bordered by mature plants and shrubs.
There is a rotary clothes drying area and outbuildings providing storage for the four owners. To the rear of the property is an enclosed grassed area.
Tenure: Share of Freehold Lease Length: 199 years from 1984 (157 years currently remaining) Service Charge: £60pm Council Tax: Band B EPC Rating: Pending Other: Property is being sold with a sitting tenant paying £1,000 rent each month.
Value & comps
No previous sales on record.
Returns
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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 Exwick House, Exwick Court, Exeter
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