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See how verdicts work1-bedroom flat · EX16 4QA
For saleListed 9 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Investment purchasers only. A one bedroom first floor apartment located on the outskirts of Tiverton, with a parking space.
A well presented one bedroom first floor apartment located in the popular Canal Hill area of Tiverton, within the Rena Hobson Court development.
The property is heated via electric heating and has double glazing throughout whilst the accommodation comprises Entrance Hall with airing cupboard, Bathroom with matching suite comprising panelled bath, pedestal wash basin and close coupled WC, one double Bedroom and open plan Lounge and Kitchen area.
The property further benefits from a parking space in the communal car park to the rear of the building.
Services & outgoings We understand that mains electric, water and drainage are connected to the property. Electric heating. Council Tax: Mid Devon District Council-Band A.
Lease Information: The property is offered on a leasehold basis. The term of the lease is 99 years from 1992, with 64 years remaining.
There is an monthly service charge of about £86 and a ground rent of about £77 per annum. Additional information Broadband: Fttc - Superfast broadband is available.
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 very low risk from River/Sea and Surface Water flooding (defined as the chance of flooding each year as less than 0.1%).
Rena Hobson Court lies in the Canal Hill area with lovely walks and regular bus route into town.
Tiverton provides an excellent range of shopping, banking, recreational, healthcare and educational facilities.
Easy commuting via the north Devon Link Road with 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.
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
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FAQ
About Rena Hobson Court, Devon
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