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See how verdicts work3-bedroom flat · PL19 0DJ
Sold STCListed 487 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Location Tavistock is a thriving 'stannary' and award winning market town with regular farmers' markets and a large variety of independent shops and cafes.
The town is rich in history dating back to the 10th century and is famed for being the birthplace of Sir Francis Drake; With various primary schools, both state and private secondary schools, Doctors' surgeries, swimming pools and tennis courts.
Situation Bannawell Street runs from the centre of Tavistock so the property is in prime position for those wanting to be able to easily walk to the towns' many amenities.
The Pannier Market, shops, restaurants, bars, park and public transport links to Plymouth and beyond are all within easy walking distance.
For those wanting to escape the hustle and bustle of the town, Whitchurch Down and Dartmoor National Park are also just a short walk away.
Accommodation Conveniently situated with a level walk into Tavistock town centre, there is valuble allocated parking and also a good size garden to the rear.
This spacious, three bedroom apartment is simply stunning! Being part of an 1800's chapel, there is character and charm in abundance including some of the original stained glass windows.
The chapel was converted in 2007 and now comprises 5 unique apartments, all with a 20% share of the freehold!
This great set up provides control to the owners, rather than an external management company.
The generous accommodation is spread over two floors with the central feature being an exquisite mezzanine with central spiral staircase... Entrance hall, guest cloakroom.
The large, open plan living/dining/kitchen has a vaulted ceiling and the original full height chapel window to the front helps create a bright airy space.
The kitchen is well equiped with an integrated dishwasher, fridge/freezer, eye level double oven, electric hob with extracter over. There are granite worktops and a breakfast bar.
Separate utility with plenty of storage and space for appliances. Off the living area there is also a goodsize walk in storage room.
Up the spiral staircase, the galleried landing is bright and spacious, with doors off to - Master bedroom with ensuite shower room and built in wardrobes, bedroom two, also a double with built in wardrobes.
A third, single bedroom and family bathroom. Offered for sale with no chain! N.B. Please refer to the included title plan for the garden and parking location.
Please see the floorplan for measurements and the virtual tour for a full 'walk around' Tenure - 20% share of Freehold in the form of a lease with 981 years remaining Service charge - £120 per month to a management company formed by the apartment owners (there are 5 directors, the owners of each apartment) This covers - General building maintenance, gardening, utilities for communal areas, buildings insurance, sprinkler servicing and contingency/sinking fund held by the company.
Services - All mains services. Metered water. Electrics certified 2020.
New gas combi boiler in March 2025 *Agent's Note - Whilst every care has been taken to prepare these particulars, they are for guidance purposes only.
All measurements are approximate and are for general guidance purposes only and whilst every care has been taken to ensure their accuracy, they should not be relied upon and potential buyers/tenants are advised to recheck the measurements.
The floorplan should be used for indication purposes only. You are advised to take your own measurements before purchasing the property.
Reference made to any fixture, fittings, appliances or any of the building services does not imply that they are in working order or have been tested by us.
Purchasers should establish the suitability and working condition of these items and services themselves.
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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
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FAQ
About 9a,The Chapel Apartment, Bannawell Street, Tavistock
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