# 2 bedroom flat for rent (EX4 3RA) ## Property Details | Key | Value | |-----|-------| | Address | 41, RICHMOND COURT, ST DAVIDS HILL, EXETER, DEVON EX4 3RA | | Price | £1,200 pcm | | Bedrooms | 2 | | Bathrooms | 2 | | Construction age | England and Wales: 2003-2006 | | Floor area | 50 m² | | Last sold | £200,000 Jan 2026 | ## EPC Rating & Upgrade Cost - **Current rating:** B - **Potential rating:** B - **Expiry date:** 26/01/2031 - **Current heating cost:** £159/year - **Est. upgrade cost to C:** £40 ### Recommendations - E (£40) [View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/2436-3003-1209-0189-3200) ## Description **Zero Deposit Guarantee Available** **SUMMARY** A well-presented two bedroom first floor flat located in the popular Richmond Court development in Exeter.The property comprises an entrance hallway with a useful storage cupboard and a separate boiler cupboard offering additional storage. The flat benefits from a good-sized living room with a bay window, providing plenty of natural light. The kitchen is fitted with a washing machine and fridge freezer. There are two well-proportioned bedrooms, including a master bedroom with en-suite shower room, along with a family bathroom featuring a shower over the bath. Further benefits include an allocated parking space. Ideally suited to professionals or a small family, this property offers comfortable and convenient living in a sought-after location. **DESCRIPTION** A well-presented two bedroom first floor flat located in the popular Richmond Court development in Exeter.The property comprises an entrance hallway with a useful storage cupboard and a separate boiler cupboard offering additional storage. The flat benefits from a good-sized living room with a bay window, providing plenty of natural light. The kitchen is fitted with a washing machine and fridge freezer. There are two well-proportioned bedrooms, including a master bedroom with en-suite shower room, along with a family bathroom featuring a shower over the bath. Further benefits include an allocated parking space. Ideally suited to professionals or a small family, this property offers comfortable and convenient living in a sought-after location. While every reasonable effort is made to ensure the accuracy of descriptions and content, we should make you aware of the following guidance or limitations. (1) MONEY LAUNDERING REGULATIONS – prospective tenants will be asked to produce identification documentation during the referencing process and we would ask for your co-operation in order that there will be no delay in agreeing a tenancy. (2) These particulars do not constitute part or all of an offer or contract. (3) The text, photographs and plans are for guidance only and are not necessarily comprehensive. (4) Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully to satisfy yourself of their accuracy. (5) You should make your own enquiries regarding the property in respect of things such as furnishings to be included/excluded and what facilities are/are not available. (6) Before you enter into any tenancy for one of the advertised properties, the condition and contents of the property will normally be set out in a tenancy agreement and inventory. Please make sure you carefully read and agree with the tenancy agreement and any inventory provided before signing these documents. ## Property Photos - ![Kitchen](/listings/photos/171750446/1166963) - Kitchen - ![Living Room](/listings/photos/171750446/1166964) - Living Room - ![Living Room](/listings/photos/171750446/1166965) - Living Room - ![Living Room](/listings/photos/171750446/1166966) - Living Room - ![Bedroom 1](/listings/photos/171750446/1166967) - Bedroom 1 - ![Bedroom 1](/listings/photos/171750446/1166968) - Bedroom 1 - ![En-suite Bathroom](/listings/photos/171750446/1166969) - En-suite Bathroom - ![Bedroom 2](/listings/photos/171750446/1166970) - Bedroom 2 - ![Bedroom 2](/listings/photos/171750446/1166971) - Bedroom 2 - ![Bathroom](/listings/photos/171750446/1166972) - Bathroom ## EPC Graphs - ![EPC](/listings/photos/171750446/1166973) - EPC ## Rental Range *ONS Price Index of Private Rents (Exeter). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £1,183/mo - **Realistic:** £1,314/mo - **Optimistic:** £1,445/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Exeter (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £793/mo ## Rental Comparables *Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.* | Title | Rent | Beds | Distance | As seen on | |------|------|------|------|------| | 2 Bed Flat, St. Davids Hill, EX4 | £1,100/mo | 2 | 0.01 miles | OpenRent | | 2 Bed Flat, Commercial Road, EX2 | £1,900/mo | 2 | 0.53 miles | OpenRent | | 2 Bed Flat, Friars Walk, EX2 | £1,595/mo | 2 | 0.62 miles | OpenRent | | 2 Bed Flat, Belmont Road, EX1 | £1,700/mo | 2 | 0.81 miles | OpenRent | **Average rent: £1,574/mo (4 listings)** ## Rent-driven metrics *Based on OpenRent comparables (median £1,648/mo).* - **Gross yield:** 1648% - **Monthly cashflow:** £1,453/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 5012% *Gross yield = annual rent as % of price (no costs). Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).* ## Price per Square Metre - **£/m²:** £24/m² ## Flood risk - **Zone:** 1 - **Risk:** Low - **Source:** Job (default Low) [Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)