1-bedroom terraced house · EX3 0HD
Sold STCListed 123 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description A charming Grade II Listed 17th century property occupying a prominent position on the main street within the sought-after conservation area of Topsham.
The property offers versatile and characterful accommodation arranged over four floors.
The building is currently configured with the commercial premises of “The Topsham Bookshop” occupying the basement (170 sqft), ground (464 sqft) and first (647 sqft) floors, with a residential flat situated on the second floor (653 sqft).
A bathroom located on the first floor is currently shared between the commercial premises and the residential accommodation.
Access to the residential flat is via a side entrance to the property, with the route leading through the shop and up to the private entrance door on the second floor.
Historically, the property was arranged with the shop occupying the basement and ground floor, with the first and second floors forming a self-contained residential apartment.
The existing lease for The Book Shop is due to expire on 31st December 2026. The tenant has indicated they would be willing to enter into a new lease with an incoming purchaser if desired.
The residential accommodation is currently tenanted; however, notice has been served, and the property is intended to be sold with vacant possession on the 1st of January 2027.
Situation A vibrant location, popular with locals and tourists, five miles south of Exeter's historic city.
Topsham Primary school is a short walk away and there is a choice of good secondary schools and a college in the City.
There are two bus services and the Avocet train line in Topsham and the cycle routes to Exeter and Exmouth beach are popular.
Several supermarkets are within a short drive as is access to the M5 and A30. Exeter Airport is 18 minutes away too.
Occupying a prime position on Fore Street, Topsham's main commercial thoroughfare, the property enjoys a highly visible location between the Village Hall and the Quayside.
With a substantial amount of passing foot traffic directly outside, the premises are ideally suited to a variety of retail, office, or other commercial uses.
Directions On leaving the Topsham office of Wilkinson Grant, turn right and head along the one-way street.
After about 150 meters, just past the Church, you will find the property on the left-hand side. Post Code: EX3 0HD What3Words:///ruler.glare.mild
Value & comps
No previous sales on record.
Returns
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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.
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