1-bedroom flat · EX17 2AJ
Listing removedListed 104 days · slow let
Opportunity summary
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About
Well-presented and spacious Ground Floor Apartment being part of this building which has 4 apartments in total.
Prior to a new tenancy commencing, the property will be redecorated throughout along with the fitting of brand new floor coverings.
It is located in the centre of Crediton and within walking distance of all local amenities including bus service to Exeter.
It benefits from uPVC Double Glazing and electric night store heaters on an Economy 7 meter. Unfurnished. Available late July. EPC: C (76).
Accommodation Comprises: Access is gained via a black wrought iron gate fronting onto Market Street. Communal pathway leading to Communal Front Door with doorbell, leading into communal Hallway.
Private entrance door to apartment. Hallway, wall-mounted coat hooks, night store heater, door leading to rear entrance. Open plan Kitchen/Living Room.
Kitchen Area: Fitted with a range of floor and wall cupboard shaker style units, single drainer stainless steel sink unit, built-in electric ceramic hob, cooker and stainless steel cooker hood over, fridge/freezer supplied, washer/drier supplied.
Living Area: Wall-mounted night store heater. Good sized Double Bedroom. Wall mounted night store heater, deep recess having built in cupboard with electric water heater and electric consumer unit.
Shower Room having shower cubicle with pivot door and being fully tiled with electric shower, pedestal wash basin with tiled splashback and wall mounted mirror over, close coupled WC, wall-mounted extractor fan, wall-mounted Dimplex fan heater.
Rear Communal Lobby having communal door and steps down to Rear Parking Area. Outside On site Bin Store.
Key Facts Rent:£700 per calendar month, exclusive of utilities Deposit:£807 *Holding Deposit:£161 Total Annual Household Income required to meet affordability:£21,000 Type:Unfurnished Furniture/Appliances:Built-in electric ceramic hob, cooker and stainless steel cooker hood over, fridge/freezer supplied, washer/drier Heating:Electric Night Storage Heating Utilities:Electric, Water, Council Tax Council Tax Band:A District:Mid Devon District Council Terms:Assured Periodic Tenancy Restrictions:Sorry, no students *When applying for a tenancy there will be a holding deposit.
Please ask our staff for further details. Please contact Cardens Residential on or email to arrange your viewing.
*Holding deposit: The holding deposit is no greater than one weeks rent and once paid reserves a property for the applicant.
If the landlord withdraws the property or declines your application the holding deposit will be refunded in full.
However, the deposit can be forfeited if any relevant person (including any guarantor) withdraws from the tenancy, fails a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and/or Deed of Guarantee) within 15 calendar days (or an extended Deadline as mutually agreed).
On signing the tenancy agreement, the Holding Deposit becomes part of the Damage Deposit and will be offset against the total deposit due.
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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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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About Bank Place Chambers, Crediton
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