2-bedroom flat · EX2 9HY
Listing removedListed 52 days
Opportunity summary
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About
Description A characterful and well-presented two-bedroom ground-floor apartment, offering surprisingly spacious accommodation, allocated off-road parking and access to a communal garden, all within a highly convenient location with excellent access to local amenities and major transport links.
The accommodation is presented in good decorative order throughout and offers a practical layout with plenty of character.
A welcoming reception hall leads through to a comfortable lounge/dining room, providing ample space for both relaxing and dining, with a deep-silled window bringing natural light into the room.
Adjoining the living space is a separate fitted kitchen, offering a good range of storage and work surfaces together with space for a cooker, washing machine and full-height fridge/freezer.
A sash window to the front adds to the character of the property.
The principal bedroom is a particularly impressive feature, being a generous double room which opens into an exceptionally spacious walk-in dressing room/wardrobe.
Complete with hanging rails, power and lighting, this is a fantastic addition rarely found within apartments of this type.
The second bedroom provides a versatile space, equally suited as a guest bedroom, home office or nursery.
Completing the internal accommodation is a modern bathroom, fitted with a white suite including a bath with electric shower over, vanity wash basin, WC and heated towel rail.
Externally, the property enjoys access to a communal garden, while the driveway provides the significant benefit of off-road parking for one vehicle.
Combining character, practicality and convenience, this appealing apartment would make an excellent first-time purchase, investment opportunity or low-maintenance home, and an internal viewing is highly recommended to fully appreciate the accommodation on offer.
Council Tax Band: B Tenure: Leasehold (962 years) A lease term of 999 years was granted on 25th March 1989. All the flats come with a share of the Freehold.
The freeholders are Rock House Ltd and the potential buyer will become a director of Rock House Ltd. Communal Entrance Door with telephone intercom system opening into the communal hallway.
Hall Cloak hanging space and telephone intercom. Door to the bathroom and access through to the main living accommodation.
Living Room/Diner A comfortable and versatile reception room providing space for both living and dining furniture.
Laminate wood-effect flooring, electric wall heater, telephone point and side-aspect window with attractive deep sill. Doors provide access to the kitchen and both bedrooms.
Kitchen Fitted with a range of matching base, drawer and eye-level units complemented by roll-edge work surfaces and tiled splashbacks. Single-drainer sink with mixer tap.
Space for electric cooker with extractor hood over, plumbing and space for washing machine, and space for an upright fridge/freezer. Characterful sash window to the front aspect.
Bedroom 1 A generous principal double bedroom with electric heater and window to the side aspect.
Walk In Wardrobe An excellent addition to the apartment, providing extensive clothes storage with fitted hanging rails, power and lighting. Electrically heated towel rail.
Bedroom 2 A useful second bedroom offering flexibility as a guest room, nursery or home office. Electric wall heater, telephone point and sash window to the front aspect.
Bathroom Fitted with a modern white suite comprising panelled bath with mixer tap and electric shower over, low-level WC and wash hand basin set within a vanity unit with storage beneath.
Part-tiled walls, tiled flooring, heated ladder-style towel rail and shaver point. Cupboard housing the hot water cylinder and obscure glazed sash window to the front aspect.
Outhouse To the front of the building is an attractive communal garden, providing a pleasant shared outdoor space.
The property also benefits from the valuable convenience of off-road parking for one vehicle on the communal driveway.
Value & comps
No previous sales on record.
Returns
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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.
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FAQ
About Flat 1, Rock House, Exeter
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