Vacant three-bedroom Grade II maisonette — renovation project with strong rental potential.
Private entrance and three bedrooms in central Exeter location
Grade II listed — restrictions on alterations and repairs
Requires renovation; signs of damp and unkempt garden
Long lease remaining (977 years) — leasehold tenure
Auction sale with immediate exchange; legal pack available
Administration and buyer's premium fees payable on exchange
Very slow local broadband; excellent mobile signal
EPC E40; air-source heat pump heating installed
Set within a Grade II listed building in central Exeter, this vacant three-bedroom maisonette offers clear investment and refurbishment potential. The property has its own private entrance, large period rooms and high ceilings that will appeal to buyers seeking character and rental demand in a student-and-professional neighbourhood. An existing air-source heat pump provides low-carbon heating, and the property is not in a flood-risk area.
Important practical details: the sale will complete via online auction (legal pack available) with immediate exchange on a successful bid. The property requires renovation, shows signs of damp and an unkempt garden, and broadband speeds in the area are reported as very slow — factors to allow for in any refurbishment plan. The lease is long (977 years remaining) but the maisonette is leasehold and Grade II listing will restrict alterations.
Costs to budget for include an Administration Fee (£1,200 inc VAT) and a Buyer’s Premium (£1,500 inc VAT) payable on exchange, plus a small ground rent (£25). EPC is E40. This is best suited to an investor or buyer experienced with listed buildings and renovation projects who can capitalise on the central location and strong local rental market.