2-bedroom flat · EX36 4BR
Listing removedReduced £10k (−7.1%) on 16 JulListed 140 days
Opportunity summary
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About
A fantastic opportunity to purchase a two double bedroomed flat benefitting from its own entrance, in a popular location within the market town of South Molton.
62 Nadder meadow is a wonderful opportunity to purchase a two double bedroom second floor flat in the heart of the well desired town of South Molton with a single parking space.
The property is entered via an entrance hallway that leads to a large kitchen living room that has a double aspect allowing large amounts of natural light to enter the room.
The kitchen comprises of a sink with drainer, built in oven, hob and extractor, a range of wall and base units with integrated washer dryer and space for fridge/freezer.
The master bedroom is a large spacious room that enjoys a front aspect. Bedroom two is a double bedroom with a rear aspect window.
The bathroom comprises a bath with over head shower, W.C and wash hand basin with a single aspect window.
For the accommodation layout and approximate room measurements please refer to the enclosed floorplan.
Services & outgoings We understand that mains electric, water and drainage services are connected to the property. Electric heaters.
Council Tax: North Devon Council - Band B There is an annual ground rent charge of £250 The lease is 125 years from 2007.
Additional information Broadband: Fttc-Fibre broadband is available-highest available download speed 76 Mbps, highest available upload speed 15 Mbps. (Based on Openreach data).
Mobile Coverage: Coverage available via EE, O2, three and vodafone. For an indication of specific speeds and supply or coverage in the area we recommend contacting your own provider.
(Based on Ofcom data) Flooding: The property is in an area at a very low risk from River/Sea and a low risk from Surface Water flooding (defined as the chance of flooding each year as less than 0.1%).
(Gov UK data).
Construction Type: Traditional The bustling market town of South Molton is well situated within North Devon, enjoying easy access from the A361 link road and providing a good range of local services, including shops, recreational facilities and primary and secondary schooling.
The larger centre of Barnstaple to the north west affords an extensive range of commercial, recreational and educational facilities, befitting those of an important regional hub and including both local and national high street shops, post office, restaurants, public houses, a leisure centre, cinema and theatre.
South Molton is surrounded by picturesque North Devon countryside which provides a wealth of outdoor activities including walking, horse riding, cycling, sea, coarse and game fishing, and golf courses at High Bullen, Libbaton, Portmore and Saunton.
To the north the Exmoor National Park offers beautiful moorland scenery with many foot and bridle paths, whilst the stunning North Devon coast is easily accessible, with popular sandy beaches at Instow, Saunton Sands, Croyde Bay, Putsborough and Woolacombe.
Value & comps
No previous sales on record.
Returns
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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.
Area
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FAQ
About 62, Nadder Meadow, Devon
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