Sold STC Flat

28 KINGSGATE

EXETER, DEVON EX4 6DH

1 beds 1 baths 47 m² Listed 27 Jun 2024 (-756d)

£70,000

Guide Price

Reduced on 7 Apr 2025

Save

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Property details

Tenure

LEASEHOLD

Floor area

47 m²

EPC rating

D

Last sold

£70,000 Mar 2026

Price per m²

£1,489/m²

Local average

£181,341 (-61.4%)

Deprivation

Decile 10 (30,627 of 33,755)

Street crime

618 incidents within 1 mile (May 2026)

Key features

  • NO CHAIN
  • DOUBLE BEDROOOM
  • KITCHEN
  • DIRECT ACCESS TO THE GARDENS
  • GROUND FLOOR

Additional details

Parking
Yes

Description

Welcome to Kingsgate, Pennsylvania Road, Exeter - a charming location for this delightful one-bedroom ground floor apartment in a retirement building. This well-presented property boasts a cosy reception room, perfect for relaxing or entertaining guests.

The apartment features a lovely kitchen, ideal for preparing delicious meals, and a spacious lounge/diner where you can unwind after a long day.

One of the highlights of this property is the direct access to communal gardens through the flat's patio doors, allowing you to enjoy the outdoors without leaving the comfort of your home. Additionally, communal parking ensures that you and your guests always have a convenient place to park.

With no onward chain, this apartment offers a hassle-free move-in process, making it an ideal choice for those looking to settle into a peaceful and welcoming community. Don't miss out on the opportunity to make this lovely flat your new home in Exeter.

Hallway - Door to the communal hallway, two storage cupboards, wall mounted heater, doors to,

Bedroom - Double glazed window to the side aspect, built in wardrobe,

Shower Room - A walk in shower, a low level w/c, a wash hand basin.

Lounge/Diner - A dual aspect room with a double glazed window to the side aspect and double glazed patio doors to the garden, wall mounted heater, arch to,

Kitchen - A range of matching floor and wall mounted units, inset sink, inset hob, integral oven, space for washing and fridge/freezer, double glazed window to the side aspect.

Gardens - Directly outside the flat is communal gardens that you can enjoy.

Parking - There are communal parking's spaces in the private courtyard.

Lease And Charges - The lease has 66 years remaining, the service charge is £2800 per year, the ground rent is £222 per year.

Agents Notes - These particulars are not an offer or contract, nor part of one. You should not rely on statements by Francis Louis in the particulars or by word of mouth or in writing (“information”) as being factually accurate about the property condition or its value. Neither Francis Louis nor any joint agent has any authority to make any representations about the property and accordingly any information given is entirely without responsibility on the part of the agents, sellor(s) or lessor(s) Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct. VAT: the vat position relating to the property may change without notice.

Listed by

Exeter

Francis Louis (Exeter) Limited

Reference: 86898528

EPC Rating & Upgrade Cost

Current rating: D

Potential rating: C

Inspection date: 10/01/2024

Expiry date: 09/01/2034

Current heating cost: £871/year

Potential heating cost: £516/year

Est. upgrade cost to C: £6,000

Recommendations

  • Floor insulation (solid floor) (£4,000 - £6,000)
  • High heat retention storage heaters (£800 - £1,200)

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

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Price history

-28% since 2013

Event Date Price % change
Sold 27/03/2026 (3 months ago) £70,000 -27.8%
Sold 08/03/2013 (13 years ago) £97,000

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address Price Date Type
10 FLAT 1 PENNSYLVANIA ROAD, EXETER, DEVON, EX4 6BH £450,000 27/10/2023 Flat
2 GROUND FLOOR FLAT ST JAMES TERRACE, EXETER, DEVON, EX4 6QH £135,000 14/09/2022 Flat
7 WILLOW WALK, EXETER, DEVON, EX4 6RP £138,000 19/08/2022 Flat
14 FLAT 1 PENNSYLVANIA ROAD, EXETER, DEVON, EX4 6BH £250,000 11/08/2022 Flat
77 FLAT 1 LONGBROOK STREET, EXETER, DEVON, EX4 6AU £228,000 29/07/2022 Flat
45 FIRST AND SECOND FLOOR FLAT POWDERHAM CRESCENT, EXETER, DEVON, EX4 6BZ £136,021 19/07/2022 Flat
14 FLAT 1 PENNSYLVANIA ROAD, EXETER, DEVON, EX4 6BH £213,000 29/09/2021 Flat
2 UPPER FLAT ST JAMES TERRACE, EXETER, DEVON, EX4 6QH £192,500 16/09/2021 Flat
12 FLAT A PENNSYLVANIA ROAD, EXETER, DEVON, EX4 6BH £125,000 25/08/2021 Flat

Area average: £207,502 (9 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth 2.6%
10y growth 21.4%

House Price Index (HM Land Registry — official index, not sold-price averages): Exeter. Series: Flats and maisonettes. As of April 2026.

1y (index) -6.1%
5y (index) -1.2%
10y (index) 16.7%

Rental Range

Estimated market rent for Exeter. Low = conservative, Realistic = average, Optimistic = best case.

Low £1,183/mo
Realistic £1,314/mo
Optimistic £1,445/mo

Based on Local Authority from postcode lookup → Exeter.

LHA (30th percentile) floor for Exeter: £628/mo (Apr 2025 – Mar 2026)

Location

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Bus stop Blackall Road 0.0 miles
Shop Co-op Food 0.0 miles
Train station St James' Park 0.1 miles
Shop Heera International Foods 0.2 miles
Train station Exeter Central 0.4 miles
University University of Exeter Streatham Court 0.4 miles
University University of Exeter Amory Building 0.5 miles
Hospital Dawlish Community Hospital 10.6 miles
Hospital Moreton Hospital 11.6 miles

Street-level crime

Category Count
Violence and sexual offences 219
Anti-social behaviour 147
Shoplifting 53
Public order 45
Other theft 31
Criminal damage and arson 26
Vehicle crime 24
Drugs 20
Bicycle theft 13
Other crime 12
Burglary 10
Possession of weapons 9
Robbery 5
Theft from the person 4
Total incidents 618

Within 1 mile during May 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
St Sidwell's Church of England Primary School & Nursery Primary 0.1 miles Good — 22 Mar 2012
Exeter Mathematics School Other 0.4 miles (No rating)
Newtown Primary School Primary 0.4 miles Requires improvement — 13 Oct 2021
University of Exeter Other 0.5 miles (No rating)
The Maynard School Other 0.6 miles (No rating)

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
1 Bed Flat, Oxford Road, EX4 £1,100/mo 1 0.17 miles OpenRent

Average rent: £1,100/mo (1 listing)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 1.57%
Max investor price (0.8%) £137,500
Target investor price (1%) £110,000
Gross yield 18.9%
Cost-to-rent ratio 5.3×
Monthly cashflow £689/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI 40.7%
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).
  • Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
  • Cashflow — Rent minus 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).