1-bedroom flat · EX39 2JR
For saleListed 5 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
5 The Mews is a Ground Floor purpose built apartment which is conveniently located in the heart of Bideford. The property is securely access from Mill Street with an electric access gate.
From the entrance hall you have direct access to the open plan kitchen/living are and into the bedroom with en-suite.
From the living room there is direct access to a fully enclosed rear garden.a Situation: Bideford is a peaceful olde worlde market town on the River Torridge.
The main district is on the west bank and its narrow streets filled with white painted houses sprawl from the working quay, up the slopes to the outer suburbs.
A former historic port town, Bideford is a great place to explore, whether it`s a trip to the shops or a restaurant outing there`s something out of the norm for everyone.
The Pannier Market is a brilliant example of the town`s originality, with its terrace of artists` workshops and independent shops.
The town also champions sports at a grassroots level with both the local rugby and football teams having healthy followings.
There are no end of ways to join in the community spirit of this wonderful white town on the hill. All the amenities you`ll ever need are to be found in easy reach of Bideford.
To the north are the coastal towns of Westward Ho!, Appledore and Northam, all of which will figure in your day-to-day routines if you enjoy the sea or the outdoor life.
Northam boasts a brilliant indoor swimming pool and gym.
Bideford is within short driving distance of the Atlantic Highway (A39) which is the main feeder route across the region leading to Cornwall in the south-west and to the M5 in the east.
A very good regular bus service provides access to North Devon`s capital`, Barnstaple. Bus users can also reach Westward Ho!, Braunton, Appledore, Croyde and Ilfracombe with ease.
Entrance Hall Open Plan Living Room/Kitchen - 16'1" (4.9m) x 15'5" (4.7m) A good size room with a kitchen area with a range of white matching units at both base and eye level, plumbing for a washing machine, integrated oven and hob together with space for a fridge/freezer.
The room opens into the living room with patio doors into the garden. Bedroom - 12'2" (3.71m) x 9'7" (2.92m) A double bedroom with window overlooking the front courtyard.
En-Suite - 6'8" (2.03m) x 5'7" (1.7m) 3 piece bathroom suite. Outside To the rear of the property is a fully enclosed rear garden with a further useful space to the side of the property.
Lease Details 125 year lease from and including the 1st of April 2015 Ground Rent - £767.68 per annum Service Charge to include Buildings Insurance, upkeep of lighting to all communal areas and service to entrance gate - approximately £630.64 per annum Notice Please note we have not tested any apparatus, fixtures, fittings, or services.
Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
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
Agent & docs
FAQ
About Mill Street, Bideford
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