1-bedroom flat · EX22 6EB
Listing removedListed 109 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An ideal opportunity to acquire a self-contained, un-furnished, 1 bedroom second floor flat occupying a convenient town centre position in Holsworthy. Available Immediately. EPC E.
Directions From our offices proceed along Fore Street whereupon the flat will be found above the rear of the Health Food shop.
The Accommodation Comprises (All Measurements Are Approximate):- Entrance Hall Fitted carpet. Cloak hooks. Storage heater.
Airing cupboard with factory lagged hot water cylinder and fitted electric immersion heater. Access to loft space. Smoke alarm.
Kitchen/Lounge/Dining Area (17' 8" x 11' 4") Fitted carpet to Lounge/Dining Area. TV point. Wall mounted "coal effect" electric heater. Sash window to front. Vinyl floor to Kitchen Area.
Roll-edge worksurfaces with drawers and cupboards below. Wall units. Inset stainless steel sink unit. Electric cooker. Space for washing machine. Space for fridge. Tiled splashbacking.
Inset ceiling spotlights. Storage heater. Sash window to front. Bedroom 1 (12' 1" x 9' 8") Wall mounted radiator. 2 sash windows to side. Fitted carpet.
Storage Room (6' 8" x 6' 0") Vinyl floor covering. Fitted shelf. Opaque sash window to rear. Bathroom Vinyl floor covering. White suite comprising low level WC. Modern panelled bath with shower over.
Pedestal wash hand basin with tiled splashbacking. Opaque sash window to side. Services Mains water, electricity, and drainage.
Council Band Band 'A' (please note this council band may be subject to reassessment). Rental Conditions Rent: £550.00 per calendar month deposit: £634.00 Property let as seen - available immediately.
A verifiable household income of at least £16,500.00 per annum is required to be considered. References will be required.
Please Note Permitted Payments: - Holding deposit, equivalent to one week's rent, to secure property.
This will go towards the first month's rent providing that you do not withdraw from your application, do not provide inaccurate information, fail to disclose vital information or fail to proceed with the tenancy within a reasonable time frame.
- £50 Inc. VAT administration fee for any changes to the tenancy (when requested by the tenant). - Early termination fee (only when agreed in writing from the landlord), £50 Inc.
VAT administration fee plus any agreed reasonable costs (as agreed with landlord). - Lost Keys / Security Devices, replacement will be charged at the reasonable cost to the tenant. - Late rent.
We reserve the right to charge interest; this (truncated)
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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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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About Flat 2,, London House, Devon
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