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See how verdicts work2-bedroom flat · EX31 3WR
Listing removedListed 365 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
TO BOOK YOUR VIEWING, WHEN CALLING QUOTE REFERENCE: RY0585 Accommodation The clean communal space is well lit and leads up the stairs directly to no.23 that is now for sale.
Stepping in through the front door, there is a window immediately to the left of the spacious hallway, illuminating the space that flows through the home and presents all of the accommodation, along with a handy storage cupboard.
On the right is the main bedroom, a comfortable double room with a Velux window in the roof.
Also to the same aspect is a second double bedroom, served by the family bathroom on the opposite side of the hallway.
This white suite comprises a WC, wash hand basin and a panelled bath with shower over. The hub of the home is without doubt the open plan kitchen living space.
This features a stunning triple aspect which creates light from each angle of the room.
There is ample space for a sofa suite and also a small dining table and chairs, while the kitchen is fully fitted with a modern range of wall and base units and drawers.
Space is provided for a washing machine, fridge/freezer, while there is also an electric oven with electric hob and extractor canopy over.
A stainless steel sink/drainer sits within worksurface areas aplenty and underneath a window to add to the bright aspect that floods into the room.
Outside & parking There is an area of lawn with some small shrubs and trees decorating the front of the building.
A tarmac path adjoins the front communal space and leads round to an extensive cycle and footpath, providing a straightforward and quiet dog, walk and towards various communities.
In the other direction, a substantial and attractive area of greenery provides more safe areas to enjoy. An allocated parking space is provided within a small communal car park.
There are two visitor bays, and a small external building provides storage for bins and also a separate store for bicycles.
Location Old Tram Drive is located on this more recently added extension of Roundswell is now an established and convenient location, particularly among families with its' links to popular schools, various safe play areas, frequent public transport, all making for a desirable residential district, positioned to the south west of the edge of Barnstaple.
Useful amenities, popular eateries and activity centres are also in nearby walking distance, along with a bus stop within a short distance of the property, with a regular service (every 15 minutes) to the train station, Barnstaple town centre and in the opposite direction, to Bideford via Fremington and Instow.
In addition within this desirable residential district of Roundswell, there is a well regarded and newly built primary school just a couple of minutes walk down the road, three well known supermarkets and North Devon's college for further education, Petroc, is just a 20 minutes walk away.
Popular public houses such as The Cedars Inn with attractive gardens is in walking distance and Barnstaple's town centre is accessible by foot in around 40 minutes, along with numerous high street shops, supermarkets, department stores, eateries and leisure facilities.
The golden sandy surfing beaches of Saunton, Croyde and Woolacombe are within around a 30 minutes drive, as is the border of Exmoor National Park.
Along the A361, Tiverton Parkway train station with fast services to London Paddington can be reached in approximately 45 minutes, as can the M5 network and beyond, also from Junction 27 at Tiverton.
Other notable areas for further shopping include Exeter in around an hour's drive, and the Cornish border is reached within about a 40 minute drive along the A39.
Useful information Tenure - Leasehold Lease length - 125 years from 2020 Ground rent/service charges - £501.70 every 6 months Management company - First Port Heating - Gas central heating Drainage - Mains Windows - Double glazed throughout Council Tax - Tax band B EPC Rating - B/82 / Potential B/82 Seller's position - Looking for onward purchase TO BOOK YOUR VIEWING, WHEN CALLING QUOTE REFERENCE: RY0585
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
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FAQ
About Old Tram Drive, Roundswell, Barnstaple, North Devon
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