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See how verdicts work2-bedroom house · EX15 3DX
For saleListed 77 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This two-bedroom, semi-detached house is an ideal opportunity to get on to the property ladder with Hastoe.
It is being sold under the shared ownership scheme whereby you purchase a share in the property and pay a reduced rent on the remaining Hastoe equity.
EPC= C78 Term remaining on lease: 107 years Property features: Carport with two parking spaces Fitted kitchen Gas central heating Double glazing Over-bath shower Private garden Downstairs WC with shower Kitchen/dining: 4.4m x 2.7m Living room: 4.8m x 3.3m/2.0m Bedroom 1: 4.8m x 3.0m/2.3m Bedroom 2: 4.6m x 2.7m Purchase Requirements: Be eligible for the shared ownership scheme Be a first-time buyer or not currently named on a mortgage Demonstrate you meet the minimum income requirements.
Demonstrate a deposit sufficient to obtain a mortgage for the property. Have a local connection to the area.
Costs: Full Market Price: £235,000 Minimum Share: 40% Share Value: £94,000 Monthly Rent: £281.98 Service Charge pcm (including buildings insurance): £32.99 Total Monthly Charge: £314.97 Next rental increase: April 2027 What is shared ownership?
Shared ownership is a scheme designed to help those who wouldn’t otherwise be able to purchase a home of their own.
This may be because you can’t meet the full mortgage repayments, save a sufficient deposit, or both.
With shared ownership, you buy a percentage of your home and pay a reduced rent on the share you don’t own This property has restricted staircasing to ensure the property remains affordable for future generations of local people.
How does shared ownership work? You will buy a percentage share of a home, independently priced at market value. Hastoe will charge you rent on the share you don’t own plus a service charge.
This service charge covers things like buildings insurance and estate maintenance. About Hastoe: Hastoe owns and manages over 7,500 homes in 70 local authority areas.
Our properties are predominantly rural and we specialise in providing sustainable and affordable rural housing to enable local people to remain within their communities.
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
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FAQ
About 42, Highland Park, Cullompton
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