1-bedroom flat · EX4 6AY
Listing removedListed 36 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well-presented and spacious 1 bedroomed Second Floor Flat being conveniently located for the City Centre and benefitting from hardwood double glazed windows to the front of the property and electric heating.
It was the subject of considerable updating just over a year ago to include a brand-new shower room with walk-in shower, new decoration throughout, and new carpets. Unfurnished.
Available late October. EPC: E (48).
Accommodation Comprises: Communal Entrance door to Hallway and stairs leading to Second Floor: Private entrance door leading into Hallway, built-in cupboard, built-in airing cupboard with factory lagged cylinder, slatted shelving below, wall mounted intercom telephone for front door entry.
Open Plan Living Room/Kitchen having sloping ceilings.
Kitchen Area, well fitted with a range of base units and matching wall units, sink unit, built in hob, oven and cooker hood over and washer/drier supplied, breakfast bar with shelving unit below.
Living Room area having night store heater. Double Bedroom, wall mounted electric panel heater.
Shower Room, fitted with a walk-in shower having electric shower and fixed glazed screen, sink unit, WC, wall mounted ladder style radiator, wall mounted mirror.
Key Facts: Rent: £850 per calendar month, exclusive of utilities Deposit:£980 *Holding Deposit:£196 Total Annual Household Income required to meet affordability:£25,500 Type:Unfurnished Furniture/Appliances:Built-in electric oven, hob and cooker hood, washer/drier.
Heating:Electric heating Utilities:Electric, water, council tax Council Tax Band:A District:Exeter City Council Terms:Assured Periodic Tenancy Restrictions:Sorry, this property is not suitable for pets, children or students.
May consider PHD student. Only suitable for a Single Person/Couple. Available:Late October *When applying for a tenancy there will be a holding deposit. Please ask our staff for further details.
Please contact Cardens Residential on or email to arrange your viewing. *Holding deposit: The holding deposit is no greater than one weeks rent and once paid reserves a property for the applicant.
If the landlord withdraws the property or declines your application the holding deposit will be refunded in full.
However, the deposit can be forfeited if any relevant person (including any guarantor) withdraws from the tenancy, fails a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and/or Deed of Guarantee) within 15 calendar days (or an extended Deadline as mutually agreed).
On signing the tenancy agreement, the Holding Deposit becomes part of the Damage Deposit and will be offset against the total deposit due.
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.
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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.
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