Summary - 40 MAGDALEN ROAD EXETER EX2 4TE
3 bed 1 bath Flat
Three double bedrooms in sought-after St Leonards, huge potential for renovators.
Grade II listed lower-ground apartment with period character
A substantial lower-ground flat in St Leonards offering three double bedrooms and generous rooms with high ceilings. Set within a Grade II listed building, the apartment has original proportions and period character but requires full modernisation — ideal for an investor or buyer prepared to renovate and add value.
The property is sold via Modern Auction (subject to undisclosed reserve). It is leasehold with a very long lease (circa 986 years) and a shared freehold element. Practical considerations: the gas supply is currently capped, the garage roof contains asbestos and the garage door is damaged. There is a regular management charge (~£100 pcm) and buyers should allow for auction reservation fees and due-diligence costs.
Location is a genuine strength: St Leonards, EX2, places shops, cafes and regular transport links within walking distance and Exeter City Centre is close by. The apartment includes outbuildings, storage/cellar space and a garage — broad appeal for rental or owner-occupation once refurbished. Buyers should note listed-building constraints when planning works.
This is a clear buy-to-renovate opportunity for someone wanting generous living space in a sought-after, highly qualified neighbourhood. Expect renovation and connection costs before the property is fully habitable; check the Buyer Information Pack and legal documents before bidding.
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