1-bedroom flat · EX20 1DN
Listing removedListed 72 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A one bedroom second floor flat situated a short walk from the town centre. Open plan living room , kitchen, double bedroom, bathroom with shower over bath. Gas central heating.
Use of communal garden. On street parking. Available Mid September. EPC Band: C. Tenant Fees Apply.
Accommodation Includes - Front door leading into: Communal Hallway - Stairs to first and second floor, leading to front door into: Entrance Hall - Telephone entry system, door to: Bathroom - White suite comprising bath with shower attachment and tiled surround, low flush WC and wash basin with tiled splash back, velux window, ladder style heated towel rail, tiled floor.
Bedroom - Double, window to front, radiators. Open Plan Kitchen/Living Room - Living area: Window to front, radiator. Laminate flooring to the Living Area.
Kitchen area: Beech effect wall and base units with granite effect work surfaces, gas fired boiler, integrated electric cooker and hob with extractor hood over, stainless steel sink with drainer.
Space for undercounter fridge and space and plumbing for washing machine. Velux window, vinyl flooring. Outside - To the rear of the property is a communal garden, bike store, and refuse storage area.
Services - Mains electricity, water and drainage. Council tax Band 'A' West Devon Borough Council.
Broadband to Ultrafast is available (source Ofcom) Mobile coverage - Voice and Data coverage is available from EE , other service providers are available but may be limited (Source - Ofcom) Situation - The property is located within the popular residential area of Station Road, within close proximity of the town centre and the train station.
Okehampton offers an excellent range of supermarkets, local and specialised shops, doctors surgery, dentist, hospital and schooling to A level standard.
The A30 dual carriageway can be easily accessed at the top of the town.
Directions - From Okehampton Town centre proceed into Fore Street, turn at the traffic lights into George Street between the former NatWest Bank and the White Hart Hotel (Weatherspoons) and proceed on this road passing the post office on your right and Tenby House will be found on your left, next to Fairplace Church.
Parking is on street in nearby roads where permitted. Letting - The property is to let on an initial six month plus Assured Shorthold Tenancy.
RENT: £625 per calendar month, exclusive of all other charges. DEPOSIT: £721 returnable at the end of the tenancy, subject to any deductions.
All deposits for a property let through Stags are held on their Client Account and administered in accordance with the Tenancy Deposit Scheme and Dispute Service.
Referencing will be undertaken through Let Alliance. Viewing strictly through the Agents Stags. Available mid September.
The property is not suitable for pets or children as it is a second floor flat with neighbours below and no immediate access to outside space.
Holding Deposit And Tenant Fees - This is to reserve a property.
The Holding Deposit (equivalent of one weeks rent) will be withheld if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a Right-to Rent check, provide materially significant false information, or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).
For full details of all permitted Tenant Fees payable when renting a property through Stags please refer to the Scale of Tenant Fees available on Stags website, office or on request.
For further clarification before arranging a viewing please contact the lettings office dealing with the property. Tenant Protection.
- Stags is a member of the RICS Client Money Protection Scheme and also a member of The Property Redress Scheme. In addition, Stags is a member of ARLA Propertymark, RICS and Tenancy Deposit Scheme.
Renters Rights Act (New) - The first phase of the Renters Rights Act was implemented on the 1st May 2026. The legislation introduced many reforms affecting how tenancies are conducted.
This includes the introduction of the month to month Assured Periodic Tenancy ending the fixed term agreement and the abolition of section 21 notices now utilising the amended Section 8 notice provisions plus other reforms.
For further information and guidance please contact our offices or visit our Renters Rights Hub at Stags.co.uk.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Tenby House, Fairplace, Okehampton
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