3-bedroom house · EX16 6BT
Listing removedListed 106 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A newly refurbished three bedroom semi-detached house close to the town centre.
The property consists of three double bedrooms, a large living area downstairs with a newly fitted kitchen and a courtyard to the rear. Garage with electrics.
Close to two local primary schools and less than a mile from Tiverton High School.
General Conditions If an offer is made for the tenancy, the Agents will take an administration fee of £150 (plus VAT) plus £50 (plus VAT) for additional tenants before taking up references.
This is required to cover our administration costs in taking up references, requesting credit checks, preparing the inventory, drawing up the Tenancy Agreements, etc.
This is non-returnable should you withdraw from your application, or if your references prove to be unsatisfactory.
Ingoing Costs These comprise an administration fee, first months’ rent and a deposit The remainder of these monies need to be paid in cleared funds 10 days prior to the moving in date.
This can be cash, bankers draft or building society cheque. Security Deposit The deposit is normally a months’ rent plus £100.
If we are managing the property the deposit will be held by The Deposit Protection Service. Please ask for further details.
Tenant Application Form We will require a completed tenant Application Form for each person over the age of 18 years who will be living at the property.
The information contained is used to perform a credit check and to request the relevant references so please complete as fully and accurately as possible or your application may be delayed.
Guarantor For any person under the age of 25 years, or claiming housing benefit we normally require a guarantor.
Identification For each applicant we must have photographic identification and also proof of residency such as a bank statement or utility bill in your name.
TV Licence The tenant is responsible for the payment of the television licence, even if a television is provided at the property.
Utilities The tenant is u Description Delightful three-bedroom property ideally situated just a short walk from the town centre, offering convenience and comfortable living in an excellent location.
The accommodation comprises a spacious open-plan lounge, dining area and modern kitchen, creating a bright and sociable living space.
There are three generous double bedrooms and a well-appointed family bathroom.
Outside, the property benefits from a charming rear garden, perfect for relaxing or entertaining, as well as a garage providing additional storage or off-road parking.
Lettings Enquiries If you have any enquiries, please do not hesitate to contact the office on or email us at . General Conditions Lettings Upon application we require one weeks rent as a holding fee.
This will then be held up to 90 days or until the move in occurs and the money will be used to deduct from the first month’s rent. Terms and conditions apply.
Tiverton Tiverton is a market town in Mid Devon with a wide range of amenities, with a range of shops, recreational and educational facilities, as well as superb travel links to Exeter and Taunton via the North Devon link road, the M5 accessible from here via junction 27.
Disclaimer Whilst every attempt has been made to ensure our sales particulars are accurate and reliable, they are only a general guide to the property, and accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to clarify the position for you.
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
Agent & docs
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FAQ
About 45, Chapel Street, Tiverton
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