2-bedroom flat · EX15 1GB
Listing removedListed 170 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This well presented garden maisonette comes to the market with no onward chain and is ideally suited for those looking for an alternative to a bungalow within easy reach of town centre amenities and transport links.
The accommodation comprises a hall, kitchen/living room, two double bedrooms and a bathroom with a disability bath.
Outside, the property benefits from a nicely landscaped, private garden and a single parking space.
An early viewing of this rarely available garden flat is strongly advised for both first time buyers and those wishing to downsize onto a single level.
Situation And Amenities A moderate level walk to the centre of the town and all its amenities including restaurants, shops, supermarkets, churches and a choice of pubs, sports hall, library and community centre.
The M5 facilitates rapid commuting south to the cathedral city of Exeter and north to the county town of Taunton.
The surrounding countryside offers a wealth of rural pursuits with the nearby Blackdown Hills being designated as an area of outstanding natural beauty.
The spectacular National Parks of Dartmoor and Exmoor together with the north and south Devon coastlines are all within a modest car journey.
Bullet Points Well maintained modern garden flat Ideal as an alternative to a bungalow Modern Kitchen/Living Room Two double Bedrooms Bathroom Hard landscaped garden Parking space Gas central heating and double glazing 15 miles Exeter, 18 miles Taunton Tiverton Parkway Railway Station 6 miles EPC rating “B” Council Tax Band “B” Leasehold *no onward chain* On The Ground Floor Generous Hall radiator, alcove, ideal for coat storage.
Kitchen/Living Room a lovely bright and spacious room, taking in an unusual curved corner aspect, fitted kitchen with a generous array of both wall and base mounted cupboards, laminate worktop, inset stainless steel single drainer sink, four ring electric hob with extractor over and oven beneath, space and plumbing for washing machine, wall mounted boiler, space for tall fridge/freezer, vinyl flooring to Kitchen area, carpeted area to lounge, space for both sitting and dining furniture if required, radiator.
Bedroom 1 an excellent double room with French doors opening out to rear garden, radiator. Bedroom 2 a further double bedroom with outlook to the front, radiator.
Bathroom fitted in white suite comprising close coupled W.C., pedestal basin, disabled access bath, fitted storage cabinetry, part tiled walls, laminate flooring, radiator, obscure glass window, extractor fan, shaver point.
Outside To the rear of the property is a private, hard landscaped garden with an area of patio, ideal for alfresco dining and entertaining, whilst the rest of the garden has been laid to gravel for ease of maintenance.
To the bottom of the garden is a pedestrian gate and the whole garden is fully enclosed by perimeter fencing, creating a safe environment for both children and pets. There is also an outside tap.
The property also benefits from a single designated parking space a short walk from the property. There is also a gravelled front garden, ideal for bin storage if desired.
Services The Vendor has advised of the following, and it is advised to check all this information prior to viewing:- Mains electricity, water, gas and drainage Current utility providers: Electricity - Eon Gas - British Gas Water and drainage - S.W.
Water Mobile coverage: Unknown Current internet speed showing at: Basic - 17 Mbps; Superfast - 80 Mbps; Ultrafast - 1800 Mbps Telephone: Landline connected in the property Satellite/Fibre TV availability: BT and Sky Lease Lease - 999 years from 2012-985 years remaining Annual service charge - £1,290.24 Ground rent- £125.00
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.
Area
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FAQ
About 1, Olympian Way, Cullompton
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