1-bedroom flat · EX16 5DU
For saleListed 582 days
Opportunity summary
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About
Investors only A one bedroom second floor apartment located within a convenient location close to Tiverton town centre, offered to the market as investment purchase.
Description Offered to the market as an investment purchase, 24 Carpenter Close is a one bedroom second floor apartment situated close to Tiverton town centre, with the current tenant having been in occupation for over 10 years.
The property comprises; Communal Entrance Hall with stairwell rising to the second floor. Front door into the Entrance Hall.
Bathroom fitted with a matching suite comprising bath with shower over, close coupled WC and wash hand basin.
Kitchen/Breakfast Room fitted with a matching range of wall, base and drawer units with continuous work surface over incorporating sink unit.
Space and plumbing for a washing machine, space for electric cooker and space for an under counter fridge. There is ample space for a breakfast table and chairs.
There is also a further large storage cupboard. The Sitting Room is a spacious reception room with front aspect. The Bedroom is a large double bedroom with front aspect and storage cupboard.
Services & outgoings We understand that mains electric, gas, water and drainage are connected to the property. Gas fired central heating. Council Tax: Band A - Mid Devon District Council.
Lease Information: The property is offered on a leasehold basis. The term of the lease is 125 years from 16 October 1989 with 89 years remaining.
There is an annual service charge of £132.86 and a ground rent of £10 per annum. These charges include buildings insurance.
Additional information Broadband: Ultrafast broadband is available—highest available download speed 1000 Mbps (Openreach). 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 low risk from River/Sea and Surface Water flooding.
Situation Carpenter Close is situated close to the centre of Tiverton which provides an excellent range of shopping, banking, recreational, healthcare and educational facilities, with easy commuting via the North Devon Link Road either to the north coast via Barnstaple or eastward back to the M5 (J27) and Parkway mainline railway station.
Exeter lies to the south and Taunton to the north, both offering a varied and comprehensive range of facilities. Directions What3words:///trying.loaded.arts
Value & comps
No previous sales on record.
Returns
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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.
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