1-bedroom flat · EX4 3AX
To rentListed 2 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Apartment 12 at Paternoster House is a beautifully renovated one-bedroom, one-bathroom flat located on the third floor of this historic building.
Nestled in the heart of Exeter, this apartment offers modern living while maintaining the charm of its heritage. The apartment features a beautiful double bedroom and sleek, contemporary bathroom.
The open-plan lounge, kitchen, and dining area are designed for modern living, with large windows that allow natural light to flow through the space, creating a warm and welcoming atmosphere.
Designed with care and attention to detail, the apartment includes high-quality wooden flooring recycled from the original building and underfloor heating for added comfort.
Residents also have access to the communal roof terrace, offering stunning views of Exeter’s cityscape-an ideal spot to relax after a long day.
Paternoster House is equipped with solar arrays on the roof, providing a sustainable energy source that helps lower utility bills for residents and contributes to a greener future.
Apartment 20 offers a perfect mix of modern convenience and historic charm, ideal for those looking to enjoy city centre living with style and comfort.
Available from September 2027 The Developer - Nooko NooKo is a local developer focused on creating thoughtfully designed homes that cater to both the needs of residents and the local community.
With a commitment to sustainability, NooKo preserves the historical charm of buildings like Paternoster House while providing modern, comfortable living spaces.
Holding Deposit If you are interested in this property, it can be reserved by paying a holding deposit.
If you pay a holding deposit, then a tenancy agreement must be entered into within 15 days, subject to both your and the landlord’s right to decide not to go ahead with the tenancy.
The holding deposit will be equal to 1 week’s rent and will be credited against the first month’s rent if a tenancy agreement is signed.
The holding deposit will be non-refundable in the following circumstances: (1) if you cannot prove your Right to Rent; (2) if you provide false or misleading information; (3) if you decide not to proceed with the tenancy; or (4) if you do not take all reasonable steps to enter into the tenancy.
Please contact a member of staff for complete information about treatment of the holding deposit.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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
.png){kind=logo}
FAQ
About Paternoster House, Exeter
Explore nearby
