Summary - 26a, Elaine Close EX4 9BP
1 bed 1 bath Flat
Affordable one-bedroom with garden and quick city links.
Chain-free ground-floor 1-bed flat with private garden
Sold by Modern Method of Auction — Reservation Fee applies
483 sq ft; compact layout suits first-time buyers or investors
Leasehold — check term, service charges and restrictions
Mains gas boiler and radiators; double glazing present
Built 1950s — may need modernisation in kitchen/bathroom
Area classed as very deprived; transitional neighbourhood nearby
Excellent mobile signal and fast broadband; council tax very cheap
A chain-free, ground-floor one-bedroom flat with a private garden and compact living space. The 483 sq ft apartment sits in a 1950s end-terrace block and offers straightforward heating via mains gas boiler and double glazing throughout. Its size and layout suit a first-time buyer seeking an affordable city base or an investor after a low-entry rental opportunity.
The property will be sold via the Modern Method of Auction. Successful bidders must pay a non-refundable Reservation Fee (4.5% of the purchase price, minimum £6,600) and complete within a 56-day reservation period. Prospective buyers should review the Buyer Information Pack and check mortgage eligibility and costs before bidding. The flat is leasehold — confirm remaining term and service charges during due diligence.
Internally the home is presentable with neutral decor and medium-sized rooms, but it reflects its 1950s build and may benefit from targeted updating to kitchens, bathroom or finishes depending on buyer preference. Local amenities, regular bus links and quick access to the city centre make the location practical; broadband speeds and mobile signal are strong. Council tax is very cheap, helping running costs.
Buyers should also note the wider area indicators: this part of Exeter is rated very deprived with a transitional neighbourhood character. Crime levels are average. These factors influence long-term resale and rental demand and are important for investors to weigh against the low purchase price and potential rental yield.
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