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See how verdicts work1-bedroom flat · TQ9 5XX
Sold STCListed 110 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An excellent opportunity to acquire a one-bedroom first floor flat with the added benefit of a side garden, situated within the popular residential area of The Carrions in the highly sought-after market town of Totnes.
Offering well-proportioned accommodation throughout, the property comprises an entrance hall, sitting room, kitchen, double bedroom and bathroom, providing a practical and versatile layout suited to a range of purchasers.
Having previously been a successful rental property, the flat would now benefit from a programme of updating and cosmetic improvement, presenting an exciting opportunity for buyers to modernise and personalise the accommodation to their own taste and requirements.
As such, the property is likely to appeal to first-time buyers looking to take their first step onto the property ladder, as well as investors seeking a property with excellent letting potential in a desirable South Devon location.
A particular feature of the property is the private garden, offering valuable outside space that could be further enhanced to create an attractive area for entertaining, gardening or simply enjoying the surroundings.
Outdoor space of this nature is an increasingly sought-after feature and adds considerably to the property's appeal.
The Carrions is a well-established residential development conveniently positioned for access to the many amenities that Totnes has to offer.
The town is renowned for its vibrant community, independent shops, cafés, restaurants and weekly markets, together with excellent transport links including a mainline railway station providing services to Exeter, Plymouth and London Paddington.
The surrounding South Devon countryside and coastline are also within easy reach, making the area a popular choice for both owner-occupiers and tenants alike.
Combining scope for improvement with a desirable location and the rare benefit of outside space, this property represents an attractive proposition for those seeking an investment opportunity, a first home project or a low-maintenance property in one of South Devon's most popular market towns.
Early viewing is recommended to appreciate the potential on offer. Agent's Note: Please note that we have been advised that there is an absent freeholder.
General Information Tenure: Leasehold Lease: 999 years from 17th January 1983 Ground Rent: Peppercorn (£1.00) Service Charge: TBC
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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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 The Carrions, Totnes, TQ9
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