2-bedroom terraced house · EX15 1UX
Listing removedListed 140 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This property is located in a sought-after residential area, just a short walk from the town centre and surrounded by country lanes, perfect for leisurely walks.
The accommodation comprises a spacious lounge, ideal for relaxing or entertaining, and a kitchen/diner fitted with integrated appliances.
There are two well-proportioned bedrooms and a family bathroom. Outside there is an enclosed private rear garden and off road parking.
Cullompton boasts a wonderful community feel within a beautiful countryside setting with easy access to the M5 and amenities including a range of high street shops, 2 supermarkets, leisure centre, doctors surgery, Padbrook Hotel, primary and secondary schools, library and community centre.
There is easy access to the larger centres of Exeter & Taunton as well as the North and South Devon coastlines. Please note, these photos were taken from a previous tenancy.
UTILITIES: Mains electric & gas, water & sewerage charges. RENT: £885 per calendar month AVAILABLE: End of June 2026.
Holding Deposit: 1 Weeks Rent The purpose of a holding deposit is to enable both the Landlord and the Applicant to demonstrate their commitment to entering into a tenancy agreement on the terms agreed in this document, subject to the references being acceptable and verified.
Nothing in this agreement requires the Landlord, Winkworth, or the Applicant to enter into a tenancy and all tenancies are subject to contract.
By making this payment both parties are creating a contract about the holding deposit, but they are not entering into a tenancy at this point.
The holding deposit will be a sum equivalent to 1 week of rent for the requested property, which is calculated based on the proposed rent stated on page one of this agreement.
As an Applicant for a property, you should understand that where you make this commitment and then subsequently decide not to proceed with our tenancy, perhaps because you have applied for more than one property, you risk forfeiting part or all of your holding deposit.
You should refer to our Refund Terms for more information. DEPOSIT: 5 weeks rent
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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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 Lapwing Close, Cullompton, Devon, EX15
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