3-bedroom house · EX16 5BR
Listing removedReduced £100 (−8%) on 5 SepListed 57 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The property & location: This is an unfurnished three bedroom semi-detached house situated within the popular Cottey Brook area of Tiverton.
Accommodation: The property has gas central heating, is double glazed and comprises of: Entrance hallway: From the front door enter the hallway at the foot of the stairs, with a small radiator, smoke alarm and electric fusebox living room: A spacious room with oak coloured laminate flooring, one radiator and a window to the front of the property.
The room also benefits from an understairs storage cupboard kitchen: To the rear of the property, a good-sized room with ample space for a table and chairs.
With white wooden wall, base and drawer units, space and plumbing for a washing machine, a freestanding electric cooker.
There is a large radiator, one window and the enclosed rear garden can be accessed from the kitchen via the sliding patio door.
Stairs and landing: Leading to the first-floor landing with a loft hatch and smoke alarm bedroom one: A good-sized double room to the front of the property, with a radiator and window bedroom two: Situated to the rear, another good double sized room with a radiator and window with views overlooking the rear garden bedroom three: A single room with a radiator and window overlooking the rear garden bathroom: With a modern white suite comprising of a wash hand basin, WC and bath with electric shower over.
The bathroom also benefits from a good-sized storage cupboard.
Outside: Garden: An enclosed low maintenance rear garden with a large wooden shed which benefits from electric and a second smaller wooden storage shed.
Parking: Driveway parking to the side with space for two cars, with access to the rear garden.
Please note: The landlord has requested non-smokers appliances: Appliances, where provided will not necessarily be replaced or repaired by the landlord.
This is at the sole discretion of the individual Landlord and any appliances noted in the details will not necessarily remain at the property.
It is the prospective tenant/s responsibility to satisfy themselves by checking with the landlord / agent which appliances will remain in the property prior to paying the holding deposit.
Services: The Tenant is responsible for all services at the property including electricity, gas, water rates, oil, TV licence, telephone and Council Tax.
Rental: The property is to be let on an assured shorthold tenancy at a rental of £1250.00 per calendar month, payable in advance.
In-going costs: A Holding Deposit the equivalent of one week's rent is required to be paid prior to Homefinders taking up references, to reserve a property.
A Deposit the equivalent of 5 weeks rent is required to be paid at the commencement of a tenancy, which is withheld until after the final inspection of the property at the end of the tenancy, subject to any agreed deductions.
All deposits for property let through Homefinders Devon & Somerset Ltd are registered with TDS (Custodial).
Please note that the need for a Guarantor may not become apparent until we start referencing an applicant or joint applicants or until all references for an applicant or joint applicants has been received.
Viewings: Strictly by appointment only These particulars only give a general outline of the property.
It is the prospective tenant/s responsibility to satisfy themselves of the correctness of each of the particulars prior to paying the holding deposit.
Client Money Protection Homefinders (Devon & Somerset) Ltd protect their clients monies through Money Shield.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 12, Cottey Brook, Tiverton
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