3-bedroom semi-detached house · EX1 3FY
Sold STCListed 103 days
Opportunity summary
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About
GUIDE PRICE £325,000-£350,000 / COMPLETE CHAIN Melrose Avenue is tucked away in a quiet cul-de-sac, in the heart of the popular and easily accessible Hill Barton Development.
The property offers excellent transport links to all major road networks as well as a variety of local amenities and public transport options.
On the ground floor, a generous living room is located to the front of the property with lovely large windows and ample storage.
Towards the rear, you will find a beautifully presented, stylish kitchen with modern tiling and some integrated appliances.
The current owners have extended the property to create a wonderful dining/family room with ample space for dining table and sofa area.
The extension wraps round to the side of the property, where you will find a very useful utility and side access, as well as further room which could make a fourth bedroom or study/playroom.
Upstairs, the property boasts three bedrooms, master with stylish en-suite shower room, a further two bedrooms and modern fitted family bathroom.
Outside, the property enjoys a pretty and very private rear garden which is mainly laid to lawn with patio area along side an additional enclosed side garden ideal for a play area or secure storage.
The property also benefits from two allocated parking spaces to the side. *Agency Notes* Please note that there is an ongoing application for planning approval for the rear extension.
Please ask a member of staff for further information.
Council Tax Band: C Tenure: Freehold Entrance hall UPVC front door leading entrance hall, wood-effect flooring, door to WC, stairs to first floor WC Front double glazed window, radiator, low level WC, wash hand basin, wood-effect flooring Living room Front double glazed window, radiator, wood-effect flooring, under stair storage cupboard, door to kitchen Kitchen Rear double glazed patio doors into extension and rear double glazed window.
Kitchen has range of modern wall and base units with inset stainless steel sink and drainer, integrated oven with electric hob and extractor hood with modern tile surround, space for freestanding fridge freezer, integrated dishwasher, column style radiator Dining Room/Family Room Generously sized rear extension with roof lantern and double glazed sliding doors into the garden and side double glazed window.
Wood effect flooring, radiator, doorway leading into utility area Utility Side double glazed door into side garden, utility has wall and base units, space and plumbing for washing machine and tumble dryer, inset stainless steel sink and drainer.
Space for freestanding fridge/freezer. Bedroom / 2nd Reception Room Side double glazed window and roof lantern.
Downstairs room which could make a further bedroom or useful home office/playroom, radiator, carpeted First Floor Carpeted stairs to first floor landing Bedroom 1 Front double glazed window, radiator, carpeted, door to en-suite En-suite Front double glazed window, low level WC, wash hand basin, fully tiled shower cubicle, heated towel rail Bedroom 2 Rear double glazed window, radiator, carpeted Bedroom 3 Rear double glazed window, radiator, carpeted Bathroom Side double glazed window, low level WC, wash hand basin, panelled bath with shower over and modern tile surround, heated towel rail Rear Garden Well maintained rear garden which is mainly laid to lawn with additional enclosed and private side gravelled area ideal for secure storage or play area.
Front Garden Low maintenance front garden and two allocated parking spaces to the side of the property
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.
Area
Agent & docs
FAQ
About Melrose Avenue, Exeter
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