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See how verdicts work2-bedroom flat · EX15 1FD
Listing removedReduced £10k (−5.7%) on 21 JunListed 268 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*Watch the Seddons' Video Tour* A modern, two bedroom coach house with a garage and offering spacious accommodation with plenty of storage. Brand new carpets and freshly decorated throughout.
No onward chain. Longdescription The coach house offers well presented accommodation in a well regarded modern development on the edge of Cullompton.
An entrance door leads directly upstairs to the accommodation which is comprised of a spacious sitting room with dual aspect windows with door opening into the kitchen.
The kitchen is fitted with a good range of units with oven included and further appliances spaces.
There are two well proportioned bedrooms, both offering built in wardrobes and a family bathroom fitted with a white suite. Outside, there is a garage directly below the accommodation.
Services: Mains electricity, water & drainage. Tenure: Leasehold Lease Length: 979 years remaining (999 years from 2006) Site maintenance charge: £210 per annum payable to Meadfleet.
Service charge: £46 per calendar month payable to Affordable Homes UK Ltd (who own the Freehold) Ground rent: £200 per annum Local Authority: Mid Devon District Council Council Tax: Band B Heyridge Meadow is a small modern development, a moderate walk or short bus ride from the centre of Cullompton, which has a range of shops including 'Veyseys', an award-winning butcher's, Tesco, Aldi and Home Bargains supermarkets, take-aways and popular cafes including, 'The Bakehouse', 'The Lime Tree' and 'Nosh'.
Other amenities include two primary schools, Cullompton Community College for secondary education, a contemporary health centre, a library and community centre, a doctor's surgery, a veterinary practice, churches, sports clubs, pubs, and recreation facilities.
From the town, there are popular walks through the river meadows, adjoining the River Culm, and other routes along the town’s leat and surrounding country lanes.
Cullompton is ideally placed for commuting, with quick access to Exeter via J28 of the M5 or the B3181 main road through Broadclyst and Pinhoe.
There are regular bus services through the town and rail links at Tiverton Parkway and Honiton stations, to London Paddington (in 2 hours) and London Waterloo, respectively.
The 'Falcon' coach service also stops in the town, providing economic travel between Plymouth and Bristol, with stops in between, including Bristol Airport. Exeter c.14 miles Taunton c.
23 miles Tiverton c. 7 miles Tiverton Parkway Station c. 6 miles Honiton c. 11 miles Please see the floor plan for the dimensions.
The internal photos have been taken with a wide-angle lens to show more of the rooms.
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.
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FAQ
About 29, Heyridge Meadow, Devon
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