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See how verdicts work1-bedroom flat · EX15 1JS
Listing removedListed 138 days
Opportunity summary
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About
Summary Shop with refurbished flat above. The shop offers high street frontage and comprises of a shop, office & WC.
The self-contained flat has a private entrance, modern kitchen, lounge, double bedroom and shower room. Gas central heating. No chain.
Description An excellent opportunity to purchase a prominent shop with refurbished residential accommodation above, ideally located in the centre of Cullompton.
The ground floor commercial unit benefits from high street frontage and is currently rented, with the current tenant having given three month's notice to leave from 1st May.
The shop comprises a main retail area with a rear office/stock room and WC. The self contained flat is accessed via a private entrance and has been refurbished throughout.
Upon entering, stairs lead to the living accommodation where you will find a newly fitted kitchen with space for a small table, and a front facing lounge.
A further staircase leads to a double bedroom and a newly fitted shower room. The property benefits from gas central heating.
This versatile property would appeal to business owners seeking accommodation above their premises or investors looking for a mixed-use opportunity in a central location.
For further information regarding potential rental income, please contact Fox & Sons. No onward chain. Shop The shop is accessed through the front door via the High Street.
There is a door into the office space, and also has a storage cupboard. Office In the office, there is a door to the side access and a door to the WC. It features fitted wall and base units.
WC Features a WC, a wash hand basin, and a single-glazed window to the side. It is partially tiled. Flat Entrance Hall Door to front. Stairs up to kitchen/dining area and lounge.
Kitchen/Diner Double-glazed window to the front, with one stainless-steel sink and drainer, an electric hob and oven, space for a washing machine, wall and base units, a radiator, splashback.
There is also space for a dining table. Inner Hall Window to side, door to lounge, stairs to bedroom.
Lounge Double glazed window to front, open fire place, television point, under stairs cupboard, radiator. Bedroom Double glazed window to front. Radiator. Shower Room Double glazed window to rear.
Wash hand basin, WC, shower cubicle, airing cupboard, fully tiled, radiator.
Leasehold Information Length of Lease - 99 years from 8/12/1987 Ground Rent - Currently approx £10 per annual Service Charge - N/A Current Building Insurance Premium N/A Location Cullompton is the perfect location for commuting, being within quick access to Junction 28 of the M5 and Tiverton Parkway is close by.
Cullompton has a good range of shops, including Tesco, Aldi, Costa, and Home Bargains supermarkets. There is also a library, community centre, doctor's surgery, and veterinary practice.
Auction For sale via traditional auction on Tuesday 23rd June at Fox & Sons property auctions Grand Connaught Rooms, 61-65 Great Queen Street, london, London, WC2B 5DA.
Agents Note Please note the shop is subject to a Commercial Energy Performance Certificate, which is a C. 1.
Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2.
General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4.
Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract.
The matters referred to in these particulars should be independently verified by prospective buyers or tenants.
Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
Value & comps
No previous sales on record.
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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.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 35a, Fore Street, Cullompton
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