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See how verdicts work2-bedroom house · EX15 3JS
Sold STCReduced £25k (−8.3%) on 25 OctListed 320 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
2 Threadneedle Street is situated in the picturesque village of Culmstock and is a charming two-double bedroom cottage, tucked away with a cottage style garden, views to the Church and within close proximity to the village centre and fabulous countryside walks.
The property has the benefit of a single garage and is offered to the market with NO ONWARD CHAIN.
The homely and well-balanced accommodation which is arranged over two floors and briefly comprises a generous entrance hallway with stairs rising to the first floor.
The main sitting room boasts a central fireplace with shelving either side whilst deep windowsills create a cottage and inviting feel.
An archway opens to the adjoining second reception room which enjoys plenty of space for everyday furnishings.
The newly installed kitchen gives a modern twist, providing a range of matching wall and base units with contrasting worktops and space for everyday kitchen appliances.
From the kitchen there is a cleverly designed conservatory which currently doubles up as a dining room. Completing the ground floor is an understairs wet room.
To the first floor there are two double bedrooms serviced by the family bathroom offering a four-piece white suite.
There is potential to extend into the roof space (subject to the necessary planning consents).
Externally the property benefits from a single attached garage (left hand side) on the north elevation, which is one of two and is connected to power and is approached via a shared driveway.
Side gated access leads to a pretty cottage style courtyard garden with a further path leading to the rear level garden which is a haven for wildlife and enjoys a private aspect, perfect for any keen gardener.
Furthermore, there is a useful outbuilding currently used as a utility/cloakroom.
Affording some lovely features and decorated throughout in soft, neutral tones, this cottage benefits from uPVC double glazing and oil-fired central heating.
LOCATION Situated on both sides of the River Culm, and joined by an old stone bridge, Culmstock is a picturesque parish village nestled within the Culm Valley at the foot of the Blackdown Hills.
This thriving village offers an excellent range of facilities including deli style shop and café known as The Strand, popular public house, garage, primary school and church.
The nearby settlements of Hemyock and Uffculme provide further amenities such as doctors surgery and the highly respected Uffculme Secondary School.
Junction 27 of the M5 is approximately 4 miles distant and the mainline railway station, Tiverton Parkway is located close by.
DIRECTIONS From Junction 27 of the M5, head towards Wellington on the A38. After approximately 3 miles turn right at the crossroads signposted Culmstock.
As you enter the village of Culmstock follow the road through the village passing the Culm Valley Public House on your left, go over the bridge and continue on this road until there is a fork in the road where you bear left sign posted Hemyock.
The Church can be seen on the left-hand side and as the road bear around a sharp right hand turn there is a small road off that where the property can be found on the right-hand side.
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.
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FAQ
About 2, Threadneedle Street, Culmstock
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