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See how verdicts work2-bedroom flat · EX17 2AW
For saleListed 244 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This fantastic top floor flat with gated access is situated just off of the Square in Crediton.
The accommodation is well exceptionally presented and includes an open plan sitting room/modern kitchen, two double bedrooms and bathroom with well-kept internal communal areas, communal gardens and gated parking.
Location Crediton is an old Mid Devon market town with a wealth of history, being situated just 7.5 miles north-west of the Cathedral City of Exeter with the M5 motorway some 3 miles further on.
There is a regular bus service to Exeter plus trains every hour to Exeter and Barnstaple and a local town bus which covers most urban areas.
The town is most famous for its ancient parish church and for being the birthplace of St Boniface in 680 ad. It has excellent schooling facilities at both senior and junior levels.
The town has a selection of shops with a Morrison’s, Lidl and a Tesco superstore.
Description Located in the highly sought after block of six apartments is this well presented two double bedroom top floor flat.
The flat, which is in the quieter back block of the popular Parliament Square development, is finished in a contemporary style with modern fixtures and fittings throughout.
The open plan living/dining room has double doors with a Juliette balcony overlooking the rear communal gardens, The kitchen is finished to a high standard with polished work surfaces, integral appliances and under pelmet lighting.
The bathroom is luxuriously fitted with a Whirlpool bath, body shower and overhead shower. Outside allows use of the communal gardens and offers a secure, designated parking space for each flat.
Directions And Material Information What3Words: ///crystals.scrapping.lavender Mains electricity, water and drainage Mains gas central heating and hot water Mid Devon District Council - Band B Leasehold - 999 year lease commencing from 2007.
£86.65pm per month management charge which covers upkeep on building, gardens and insurances. The ground rent is £100 per annum Parking: Allocated parking space within the secure parking area
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
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FAQ
About Flat 14,, Parliament Square, Crediton
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