1-bedroom house · EX39 1PH
For saleListed 56 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An historic Custom House conversion of 2304 sqft (Grade 2* listed) in the heart of the village, offering a mix of residential 1st floor accommodation and a ground floor shop premises, which produces a useful instant income of £500.00 PCM, on a 5 year lease from Oct 2024 with a 2 yr break clause.
The whole property oozes period charm and offers spacious vaulted living space with mezzanine floors which can be utilised in many ways depending on ones needs.
The ground floor shop space could be converted into extra residential accommodation, subject to PP, although the current owner has had positive and encouraging discussions already with the planners.
Council tax A (1st floor)
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
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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
FAQ
About Myrtle Street, Appledore, Bideford
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