We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom house · EX16 6BU
Listing removedReduced £15k (−10.7%) on 21 JunListed 230 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A charming one bedroom terraced cottage situated within a level walk of Tiverton town centre, enjoying spacious accommodation, detached garden and offered to the market with no onward chain Description Offered to the market with no onward chain, 111 Chapel Street is a well-presented one bedroom terraced cottage situated within a popular level residential area of Tiverton, enjoying garden and outside storage as well as being offered to the market with no onward chain.
The accommodation comprises; Front door into the Sitting Room a lovely reception space with front aspect and fireplace.
A door leads into the Kitchen which is fitted with a small matching range of wall, base and drawer units with work surface over incorporating circular sink unit.
Freestanding electric cooker, space for upright fridge/freezer and space and plumbing for a washing machine.
There is space for a breakfast table and chairs as well as an under stairs storage cupboard. From the Kitchen, stairs rise to the first floor landing.
The Bathroom is fitted with a matching suite comprising bath with shower over, close coupled WC and wash hand basin.
There is a large Airing Cupboard housing the immersion tank and with slatted shelving. The large double Bedroom enjoys a front aspect and with original Victorian fireplace.
Outside Approached from Chapel Street, the front door is accessed via the main pathway.
Accessed from the back door in the Kitchen, a pathway leads along the rear of the row of terraces and leads to two brick-built outbuildings provide additional storage space.
The pathway also continues to the detached garden which is predominantly laid to lawn with low wooden borders and wooden garden shed.
Services & outgoings We understand that mains electricity, water and drainage are connected to the property. Modern electric heaters with 7 years warranty remaining.
Council Tax: Band A - Mid Devon District Council. Situation Chapel Street lies within a level residential area close to Tiverton town centre with a range of shops, post office and primary education.
Tiverton provides an excellent range of shopping, banking, recreational, healthcare and educational facilities.
Easy commuting via the North Devon Link Road either to the north coast via Barnstaple or eastward back to the M5 (J27) and Parkway mainline railway station.
Exeter lies some 18 miles to the south and offers a more comprehensive range of facilities as befitting a Cathedral City and Taunton, the County Town of Somerset lies approximately 19 miles to the north, again offering a varied and comprehensive range of facilities Directions What3words:///body.drama.tops Additional information Broadband: FTTP-Superfast broadband is available.
(Openreach). Mobile Coverage: Available via EE, O2, three and vodafone. For an indication of specific speeds and supply or coverage in the area we recommend contacting your own provider.
Flooding: The property is in an area at a high risk from River/Sea and Surface Water flooding.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
.png)
FAQ
About 111, Chapel Street, Devon
Explore nearby