2-bedroom house · EX13 5AD
Listing removedReduced £55 (−5.2%) on 16 JulListed 170 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A charming two bedroom cottage enjoying a useful loft room and an enclosed stone and gravel courtyard. The property is ideally situated just a short walk from Axminster town centre. Available mid May.
The accommodation is comprised of an open plan living room/dining room with large feature stone fireplace and stairs to the first floor.
The kitchen has a gas cooker and another small room with space for appliances and fridge/freezer and a door to the rear courtyard.
On the first floor is two double bedrooms and a bathroom with shower over the bath. To the rear of the property is a small cobbled courtyard.
Parking is available opposite the property in the public car park, parking permits are available from the council. The property is unfurnished.
The rent is exclusive of all utility bills including Council Tax, Broadband, mains Electric, Water and Gas. Gas central heating.
There is good mobile phone signal and Ultrafast broadband provided to the property as stated by the Ofcom website. There is no recorded flood risk at the property.
Rent - £1,050.00 per calendar month / £242.00 per week Holding Deposit - £242.00 Security Deposit - £1,211.00 Council Tax Band - C EPC - C Situation The property is situated within easy walking distance of Axminster Town Centre and all its amenities.
The town benefits from main train links to Exeter & London Waterloo. Also bus links to Seaton, Lyme Regis & the Jurassic Coast.
Directions From our office in Trinity Square proceed past River Cottage Canteen taking your next right into South Street where the property can be found on your left hand side painted pink.
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.
Area
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FAQ
About Lyme Cottage, 1, South Street, Axminster
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