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See how verdicts work1-bedroom flat · EX20 1FQ
For saleListed 145 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A bright and airy second-floor apartment available through a shared ownership scheme, with the advertised price representing a 50% share.
The purchaser will pay rent on the remaining 50%, offering an affordable route onto the property ladder.
This modern home enjoys attractive views and benefits from gas central heating, UPVC double glazing, allocated parking, and access to a well-maintained communal garden.
An excellent opportunity for first-time buyers or those not able to buy at full value.
Service Charge/Utilities Water - Mains connection Drains - Mains Electric - Mains Heating - Mains Gas Broadband - Ultra Fast and Standard available Mobile - EE & Vodafone offer best coverage (ofcom) Council Tax Band - A EPC - B Shared ownership - Purchasers are buying a 50% share.
They will pay rent on the remaining 50% From the communal hallway, a front door opens to the Hall Fitted carpet, radiator. Bedroom Fitted carpet, radiator.
Bathroom A white suite comprising of a panelled bath with a separate shower over, pedestal wash basin, low level w.c., part tiled surrounds, vinyl flooring, radiator, extractor fan.
Living Room Two front aspect windows with far reaching views over roof tops and countryside beyond.
Fitted carpet, 2 radiators, open plans to the Kitchen Range of fitted floor and wall units with a built in slot under electric oven, inset ceramic hob with an extractor hood over, laminate flooring, wall mounted gas fired combi boiler, inset one and a half bowl sink.
Utility A small but practical space with fitted floor cupboard and work top with plumbing under for a washing machine. Laminate flooring.
Outside There is an allocated parking space and a communal garden Consumer Protection From Unfair Trading Regulations 2008 As the sellers agents we are not surveyors or conveyancing experts & as such we cannot & do not comment on the condition of the property, any apparatus, equipment, fixtures and fittings, or services or issues relating to the title or other legal issues that may affect the property, unless we have been made aware of such matters.
Interested parties should employ their own professionals to make such enquiries before making any transactional decisions.
You are advised to check the availability of any property before travelling any distance to view.
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
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
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FAQ
About 40C, Kellands Lane, Okehampton
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