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See how verdicts work3-bedroom house · EX16 5LY
For saleListed 46 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An immaculately presented three-bedroom home, including a spacious annexe and a spectacular garden overlooking the River Exe. Council Tax Band B. EPC Band C. Freehold.
Description The Old Tea Loft is a beautifully presented home set in the heart of Tiverton with a spectacular garden fronting on to the River Exe formerly an old tea storage warehouse.
The main body of the property consists of a large kitchen/dining room on the ground floor, a glorious sitting room, master bedroom with en suite and second bedroom upstairs.
The other side of the house on the ground floor splits off perfectly to serve as an Airbnb or separate annexe, made up of a bedroom with its own entrance, kitchen, shower room, sitting room and office space, with an additional storage area with potential for further accommodation subject to the necessary consents.
Outside, the property benefits from a private parking area to the front, adjoining the garden which overlooks the river, making a stunning seating area with a large interlocking solid timber lodge bordered by mature plants and shrubbery.
On the first floor of the property is a sun terrace off of the sitting room, offering privacy and further external space. Services Mains electricity, gas, water and drainage. Gas central heating.
Ofcom predicted broadband services: Standard and Superfast broadband is available. Ofcom predicted mobile coverage: External – EE, Three, O2 and Vodafone.
Internal - Three, O2 and EE (variable), Vodafone. Local Authority: Mid Devon Council. Directions What3Words: ///kings.hulk.venues Google Drop Pin:
Value & comps
No previous sales on record.
Returns
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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 Old Tea Loft, Bridge Street, Tiverton
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