2-bedroom flat · EX17 3JP
For saleReduced £5k (−5%) on 14 AugListed 154 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold A second-floor flat set just off the High Street in Crediton, tucked away behind the main street and accessed via a small alleyway shared with just three other flats.
The communal entrance and stairwell are well maintained, with space for practical day-to-day storage such as recycling, and the building itself has seen a number of recent improvements including external painting, updated windows, roof works and a regularly serviced fire alarm system.
Positioned at the rear and on the top floor, the flat feels noticeably quieter and lighter than many town-centre properties.
Its south-facing aspect allows for good natural light throughout the day, while Velux-style windows in the kitchen and second bedroom bring additional brightness into the space.
The main living area is arranged as an open-plan sitting and dining room with enough room for both seating and a table, alongside a kitchen offering good storage and worktop space.
The principal bedroom is particularly generous and includes built-in storage along with views to the rear. A second bedroom and bathroom complete the accommodation.
There is no private outside space or allocated parking, although on-street parking is available nearby and annual permits for local car parks can also be arranged.
Please note that mortgage availability on this property may be limited, and it is therefore likely to suit cash buyers. Please see the floorplan for room sizes.
Current Council Tax: Band A - Mid Devon 2026/27 - £1,828.71 Utilities: Mains electric, gas, water, telephone & broadband Broadband within this postcode: Ultrafast 1800Mbps Drainage: Mains drainage Heating: Mains gas central heating Conservation area: Yes Listed: No Tenure: Leasehold; 200 years remaining.
Service charge is £130.00 per quarter and covers building and communal area maintenance and buildings insurance.
Ground rent £0.00 Buyers' Compliance Fee Notice: Please note that a compliance check fee of £25 (inc. VAT) per person is payable once your offer is accepted.
This non-refundable fee covers essential id verification and anti-money laundering checks, as required by law.
Boundaries, Access & Parking: Boundary positions, access rights and parking arrangements have been provided by the seller, and any land plans shown are for identification purposes only.
We have not seen the title deeds or other legal documents, and buyers should confirm exact details and ownership responsibilities with their conveyancer.
Virtual Staging: Some images in this brochure may have been digitally enhanced or virtually staged, for example by adding lighting effects, twilight ambience, furniture or décor, to help illustrate how the property could look.
These images are only illustrative and do not show the current fixtures, fittings or condition. Always rely on your viewing for an accurate understanding of the property.
Crediton An ancient market town, with a contemporary feel – only a short, 20-minute drive nw from the city of Exeter.
Set in the Vale of the River Creedy, amongst gentle, rolling hills and verdant pastures. Sincerely picture postcard.
Once the capital of Devon, Crediton is famed for its inspiring sandstone church and for being the birthplace of Saint Boniface in 680 ad.
Its high street is a vibrant place, abuzz with trade –artisan coffee shops, roaring pubs, a farmers’ market and bakeries, jam-packed with mouthwatering delights.
For those commuting it has hassle free transport links into Exeter and for schooling a prestigious community college (Queen Elizabeth’s) – with an Ofsted “outstanding” sixth form.
In addition, it boasts a brilliant gym & leisure centre for New Year’s resolutions, two supermarkets for the weekly shop and a trading estate for any practical needs.
All neatly held in a single valley. Directions : For sat-nav use EX17 3JP and the What3Words address is ///scanty.icon.breakaway but if you want the traditional directions, please read on.
From our High Street office (opposite Tesco Express), cross the road and walk toward St Saviours Way.
To the right of “Mucky Mutts” is a small alleyway and the entrance to the flat is on the left at the end of the alleyway – meet on the High Street for viewings. EPC Rating: C
Value & comps
No previous sales on record.
Returns
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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 advisors 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.
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FAQ
About Flat 4, 38 High Street, Crediton
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