2-bedroom house · EX13 5PW
Listing removedListed 179 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A two bedroom terraced house located within walking distance of Axminster town centre, the local train station and other transport links.
On the ground floor the property comprises a lounge, kitchen and cloakroom. Upstairs the property benefits from two bedrooms and a family bathroom.
Outside the property enjoys off road parking and a private enclosed garden. This property comes to the market with tenants currently in situ making it an attractive prospect for buy-to-let investors.
Lounge (1.22m.7.32m (4.24)) A spacious reception room with stairs with a wooden hand rail and balustrade ascending to the first floor.
Further benefiting a box bay window to the front aspect, radiator, a window to the side aspect, smoke detector and fuse box.
Kitchen (3.13 x 2.34 (10'3" x 7'8")) Fitted with a range of matching wall and base units with work tops over comprising a four ring gas hob with an oven underneath and an extractor hood above.
Continuing round to a stainless steel sink and drainer with a window to the side aspect and cupboard housing a wall mounted gas boiler.
The kitchen further benefits from space and plumbing for three white goods under the work tops and a radiator.
Cloakroom Fitted with a white suite comprising a low level hand flush w, c, and a pedestal hand wash basin. Further benefiting from an extractor fan.
Landing Stairs leading to the first floor accommodation with a smoke detector and loft access overhead. Further benefiting from two storage cupboards.
Bedroom 1 (4.25 x 2.28 (13'11" x 7'5")) A double bedroom with a box bay window to the front aspect, radiator and a useful storage cupboard.
Bedroom2 (2.15 x 2.71 (7'0" x 8'10")) A single bedroom with a window to the rear aspect and radiator.
Bathroom (2.15 x 1.96 (7'0" x 6'5")) Fitted with a white suite comprising a paneled bath unit with a wall mounted shower over taps, containing round to a low level hand flush w, c, and a pedestal hand wash basin.
Further benefiting from an opaque window to the side aspect and an extractor fan.
Outside The property benefits from its own private garden which is accessed by a shared graveled pathway at the side of the property.
The enclosed garden is mostly a grass lawn with some border flowerbeds.
Agents Notes Tenure: Freehold Local Authority: East Devon District Council Tax Band: B Utilities: All utilities are mains supply Broadband: Full fibre broadband with a full fibre connection is available.
Fibre to cabinet broadband with part fibre connection is available. Copper broadband with a copper connection is available. Go to for more information.
Mobile phone coverage: For more information can be found The property is currently let and has tenants in situ.
Value & comps
No previous sales on record.
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 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
Agent & docs
FAQ
About 2 Melody Place, King Edward Road, Axminster
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