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See how verdicts work2 × 1-bed flat · EX20 2HB
For saleListed 17 daysAuction 29 Oct · in 4 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** For sale by public auction on 29th October at 12:00 ** Location & Description Situated within West Devon, in the historic market town of 'North Tawton', is this substantial freehold property being offered as an ongoing investment opportunity with tenants in situ.
The property comprises of a ground floor commercial premises, a self-contained two bedroom maisonette, a two bedroom top floor apartment and two x one bedroom apartments.
Externally, there is a rear passageway with storage. The property is let on Assured Periodic Tenancies and produces a gross income of £29,800PA.
Accommodation Maisonette: Entrance hall, kitchen/diner, sitting room, bathroom, two bedrooms and external area.
Top Floor (2 Bed): Open plan kitchen/living/dining room, two double bedrooms and family bathroom. Top Floor (1 Bed): Open plan kitchen/living/dining room, one double bedroom and a family bathroom.
1st Floor (1 Bed): Please note, accommodation has not been inspected by our surveyor.
Tenure Freehold Tenancy Details Maisonette & Commercial Unit: £850pcm Top Floor Flat (2 bed): £600pcm Top Floor Flat (1 bed): £500pcm First Floor Flat (1 bed): £450pcm Total £29,800PA Note Auction Surveyor: Olivia Boulting Contact: / olivia.
PRODUCING £29,800 P.A. Viewing Times
Value & comps
No previous sales on record.
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Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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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.
Area
Agent & docs
FAQ
About 1 Exeter Street, North Tawton, Devon, EX20 2HB
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