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See how verdicts work2-bedroom semi-detached house · EX36 3HL
For saleListed 19 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in the desirable village of North Molton, 1 Penswell Cottages is a charming 2 Bedroom semi-detached period home combining character features with practical living space.
With an enclosed front garden, private rear courtyard and a particularly useful Garage / Workshop, the cottage has plenty to offer.
A pathway through the front garden leads to an enclosed Porch and into the Living / Dining Room.
Exposed beams and a large stone fireplace with a recently installed wood burning stove give this room its character.
Glazed double doors open into the Kitchen which is fitted with a range of wall and base units, a stainless steel sink, built-in electric oven and hob and space for a washing machine.
A serving hatch connects the two rooms, while a door provides access to the rear courtyard. On the first floor are 2 Bedrooms and a well-appointed Bathroom with a modern suite.
Bedroom 1 enjoys far-reaching views over the neighbouring farmland and distant hills and includes a generous recess and an airing cupboard.
Bedroom 2 would make a small double or a good sized single room and looks out over elevated neighbouring properties and the church tower beyond.
The level front garden is enclosed by attractive stone walling and planted with established shrubs. To the rear, the private paved courtyard provides an easy-to-maintain outdoor space.
Set back from the road alongside the front garden, the garage/workshop measures approximately 19'7" x 8'9".
This extended single garage is semi-detached, with the adjoining garage belonging to a neighbouring property, and benefits from power, lighting, overhead storage and a recently installed electric roller door.
Directions Directions to this property can be easily found by using What3words:
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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 1, Penswell Cottages, North Molton
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