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See how verdicts work4-bedroom terraced house · EX36 3BQ
For saleReduced £10k (−5%) on 25 OctListed 167 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Set in the heart of South Molton and arranged over three floors, this is a substantial property with an adaptable layout and a strong sense of space throughout.
While it would now benefit from some updating and modernisation, it offers excellent scope for a buyer to improve and personalise a home of real scale in a highly convenient setting.
Entry from the rear leads into a hallway with a ground floor cloakroom, staircase rising to the first floor and access into the kitchen.
The kitchen is fitted with a range of units and work surfaces, with direct access to a separate utility area with plumbing for white goods.
Beyond the kitchen, the sitting and dining room is undoubtedly one of the most memorable parts of the property.
This is a notably large reception space with plenty of room for both seating and dining, centred around a substantial stone fireplace with log burner that gives the room real character and presence.
There is also a useful understairs cupboard. On the first floor there are three good size double bedrooms.
The principal bedroom benefits from a walk in wardrobe cupboard, while the landing also has a large storage cupboard.
The bathroom is a generous size and fitted with a bath, wash basin, WC and corner shower.
The second floor attic room adds further flexibility and is a bright additional space with a rooflight and sloping ceilings.
Taken as a whole, the property offers a rare amount of internal space for the town centre, and although some work is now required, it has all the makings of a very spacious family home with plenty of potential.
AGENTS NOTE: The property at 12a Barnstaple Street is subject to a flying freehold arrangement, whereby part of the first floor of the adjoining property, 12 Barnstaple Street, extends over sections of 12a, specifically the rear entrance hall, utility room, ground floor WC, kitchen and recessed area in the lounge.
The photographs on this listing have been enhanced for marketing purposes to improve presentation and may not fully reflect the property’s current condition.
From our office on The Square in South Molton, continue out of town passing Chanters bakery on the left hand side and into Barnstaple Street.
No 12a can be found just on the left hand side, to the left of the archway entering Cheldon Court. Proceed through the archway and the parking for 12a can be found on the left hand side.
SERVICES All mains services connected. Gas central heating. COUNCIL TAX BAND C TENURE Freehold VIEWINGS Strictly by appointment through the sole selling agent.
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.
Area
Agent & docs

FAQ
About Barnstaple Street, South Molton, Devon, EX36
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