2-bedroom house · EX36 3DX
No longer listedListed 16 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The house is within easy reach of excellent local amenities which include a Sainsbury's supermarket, various shops, pubs and restaurants, a post office, a health centre, a public park with a swimming pool and tennis courts, and schools for all age ranges.
Popular for its specialist shops and twice weekly market, the town stands just off the A361 (North Devon link road) which provides a quick route to the regional centre of Barnstaple (12 miles) and the M5 and national rail links at Tiverton.
Within easy driving distance of Exmoor and the popular North Devon coast, the area offers a wide range of outdoor pursuits including horse riding, cycling, golf and fishing.
From our office in South Molton leave The Square along Broad Street, bearing left onto South Street. Take the first right onto Southley Road, passing Market Vets on your left.
Take the left turn after the entrance to the back of the indoor market (just before the road for the George Arcade car park).
As you drive up the hill you will see a row of properties on your left, and numbr 7 is clearly marked.
Kitchen/Diner (4.55m x 4m) Open plan room with a Kitchen area comprising of a range of high and low level units with 1.5 bowl single drainer stainless steel sink set into work surface with cupboards and drawers under, 4 ring electric hob with oven under and extractor hood above, lino flooring, spotlights.
Space for washing machine and fridge freezer. Double glazed window to front elevation, under stairs storage cupboard with electric meter and fuse board. Stairs to first floor & landing.
Door to: Living Room (5.74m x 2.97m) Double glazed window to front elevation, inset spotlights, radiator, carpet, TV point.
Stairs & Landing Inset velux roof light, carpet, exposed beam, spotlights. Bedroom 1 (5.74m x 3.15m) Double glazed window to front, radiator, carpet, TV point.
Bedroom 2 (3.96m x 3.2m) Double glazed window to front, radiator, carpet, TV point.
Bathroom White suite comprising of panelled bath with electric shower over, low level wc, pedestal wash hand basin, velux roof light, lino flooring, inset spotlight.
Cupboard housing electric boiler for central heating and hot water. Outside There is a shared entrance porch with allocated storage cupboard to side.
The parking is allocated to the right hand side at the top of the lane (allocated). Council Tax Band A
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
Agent & docs
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FAQ
About 7, Market Street, Devon
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