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See how verdicts work1-bedroom flat · PL19 0DJ
For saleReduced £5k (−4%) on 23 OctListed 191 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered with no onward chain, within a converted former Chapel, is this attractive one bedroom first floor apartment. Boasting its own garden enjoying views across the town and viaduct.
The mains gas fired centrally heated accommodation is approached via a private communal entrance, with only four other apartments, with bin store and front door into the communal hallway.
Stairs lead to the first floor and entrance to the apartment.
An open plan living/dining area with space for dining table and chairs, together with understairs storage area, further area with french doors to a light tunnel for natural light and a wall mounted mains gas fired combination boiler, which was installed in 2021.
The kitchen is fitted with a range of wall and base units with space for washing machine. Induction hob and electric built-in cooker.
Stairs lead to a landing area and the quirky mezzanine bedroom with balustrading, and timber flooring. Metal external steps lead to the gardens for five flats in all, each having their own garden.
A lawned area enjoys superb views and is a blank canvas for those wishing to create their own landscaped garden if required.
Communal Entrance Living & Dining Room (5.13m x 4.50m (16'10 x 14'9)) Kitchen (3.35m x 1.80m (11'0 x 5'11)) Bathroom (2.29m x 1.80m (7'6 x 5'11)) First Floor Mezzanine Bedroom (4.47m x 2.01m (14'8 x 6'7)) Restricted head height Services Mains water, electricity, drainage and gas.
Local Authority West Devon Borough Council - Band A Epc D65 Tenure Leasehold - 999 years granted in 2007 (980 remaining). Maintenance Charge and Ground Rent £60 per month.
There is a sinking fund in place. Each leaseholder is a director of The Old Chapel Management Company, therefore a share of the freehold.
Situation Tavistock is an ancient stannary and market town located on the edge of the Dartmoor National Park.
The town offers a wide range of local and national shops whilst also boasting the renowned pannier market, riverside park, leisure centre and theatre.
The area is excellent for visitors both to see the town itself and for exploring the surrounding countryside, the wild Dartmoor scenery and the many neighbouring pretty villages and a variety of National Trust properties.
There are exceptional educational facilities in both the state and private sector.
The town itself has fantastic sporting facilities including, tennis courts, a bowls club, athletics track and various football pitches.
For golf enthusiasts, there are excellent golf courses nearby, at Yelverton and Tavistock and St. Mellion.
There are also opportunities to fish by arrangement on a number of local rivers, including the Walkham, Tavy and Tamar. Directions From Tavistock Town Centre proceed up Bannawell Street.
The property can be found just a short way after the viaduct on the left hand side.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About The Chalice Apartment, 9A, Bannawell Street, Tavistock
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