Modern Method of Auction
Auction date not yet published
3-bedroom house · TQ9 7BN
For saleReduced £10k (−3.2%) on 23 SepListed 131 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located in a peaceful and highly desirable setting, 2 Below Chapel is a characterful semi-detached property offering a rare opportunity for buyers seeking a project.
It is important to note that the property requires full refurbishment throughout, making it ideally suited to those looking to renovate and create a home tailored to their own style and specification.
Believed to date back to circa 1845, the property enjoys an abundance of charm and potential, with accommodation that lends itself well to reconfiguration or enhancement, subject to the necessary consents.
Externally, the grounds are a particular highlight.
To the rear, a large L-shaped enclosed garden provides a private and attractive outdoor space, backing onto a wooded area and offering a wonderful sense of seclusion.
To the front, the property benefits from a distinctive v-shaped garden, incorporating an old barn and providing off-road parking.
Additional features include double glazing throughout and an ipg heating system, providing a solid starting point for further improvements.
This is a superb opportunity to acquire a period home with substantial outside space and significant scope for transformation, set within an appealing and well-regarded location.
Early viewing is recommended to fully appreciate the potential on offer.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period").
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00.
These services are optional.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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.
Area
Agent & docs
FAQ
About 2 Below Chapel,, Blackawton, Devon
Explore nearby