1-bedroom flat · EX16 6NR
To rentListed 15 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold City Centre - A one bedroomed basement flat located in the town centre.
This property benefits from a large lounge and bedroom, both with feature fireplaces as well as a shower room and kitchen with cooker. Available beginning of December on an unfurnished basis.
EPC Rating D. Council Tax Band A. Letting information Diamond rental properties are available on an Assured Periodic Tenancy agreement.
A holding deposit of 1 weeks deposit is required to secure the property subject to referencing and if accepted it will be used towards the first month’s rental payment.
Should a tenant withdraw their application or fail to pass referencing due to failure to disclose anything will result in losing their holding deposit.
Once referencing has passed, the tenant is required to sign the tenancy agreement to execute their commitment to renting the property.
A full credit check, references and formal identification, along with a right to rent assessment will be required subject to agreeing a tenancy agreement.
A guarantor reference may be required and requested to sign the tenancy agreement accepting their liability to pay for rent and cover any damage should the tenant fail to comply to the terms of the tenancy agreement.
The agent is a member of ARLA and Propertymark and Lettings Ombudsman for landlords and tenants protection.
how to rent this property A holding deposit of 1 weeks deposit of £155.00 is required to secure the property subject to referencing.
If referencing has been accepted the 1 week holding deposit will put towards the first month’s rental payment. A Five week deposit of £778.00 is payable and held with the TDS (Tenancy Deposit Scheme).
Total household Income requirements to pass referencing £20,250 per annum For further details or to arrange a viewing, please contact Diamond Lettings on or EPC Rating: D Disclaimer Viewings Strictly by appointment with the award winning estate agents Diamond Estate Agents.
If there is at any point, which is of particular importance to you with regard to this property then we advise you to contact us to check this and the availability and make an appointment to view before travelling any distance.
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.
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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
FAQ
About Basement Flat, 28 St Peter Street, Tiverton, Tiverton
Explore nearby
.png){kind=logo}
