2-bedroom semi-detached house · EX15 1GZ
For saleListed 142 days
Opportunity summary
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About
AGENT ID: 0200 | Opportunity to purchase a 70% share of this well-presented two-bedroom home, situated within the popular Saxon Fields development on the edge of Cullompton.
Ideal for first-time buyers or those looking to downsize, this modern and low-maintenance property offers bright and airy accommodation, excellent energy efficiency, gas central heating and uPVC double glazing throughout.
The accommodation briefly comprises a spacious open-plan kitchen/dining/sitting room, offering plenty of space for relaxing, working and entertaining.
The modern fitted kitchen includes a range of wall and base units, work surfaces, stainless steel sink with mixer tap, integrated oven with gas hob and extractor, plumbing for a washing machine and space for a fridge/freezer.
There is also a useful understairs storage cupboard. To the rear, a hallway provides additional storage space for coats and shoes, with access to a downstairs cloakroom and the enclosed rear garden.
Upstairs are two generous double bedrooms, both benefiting from built-in storage, together with a modern family bathroom fitted with a white suite comprising a bath with shower over, WC, wash basin, vanity mirror, shaver point and radiator.
Georgina Loves – “This home offers a lovely balance of modern open-plan living and practicality.
The garden is a real highlight - sunny, private and low maintenance, perfect for a first-time buyer or young family.” Outside, the property benefits from driveway parking for two vehicles to the front.
The rear garden is fully enclosed and designed for ease of maintenance, with lawn, a patio seating area ideal for al fresco dining, and a useful garden shed. Gated side access leads to the front.
Property Information - TENURE: Leasehold | TERM: 125 years from 18/04/2019 | Monthly charges payable to Abri on the remaining share: Rent £299.56 / Service Charge £25.52 / Building Insurance £13.48 / Management Fee £9.48 | Total: £348.04 pcm | COUNCIL TAX: Band B - Mid Devon District Council (£2,007.97 for 2025/2026, single occupants receive 25% discount) | UTILITIES: Electricity, gas, water and drainage - al mains connected | PARKING: Driveway parking for two vehicles | What3Words ///mavericks.museum.neutron.
AGENTS NOTES: The property is being sold on a Shared Ownership basis in conjunction with Abri, with a 70% share available to purchase.
Applicants must meet the eligibility criteria set by Abri, including a household income below £80,000 per annum and inability to purchase a suitable property on the open market.
Buyers must also not own another property at the time of purchase, unless a sale has been agreed. Please note that a local connection to Mid Devon is also required. Full details available on request.
The property is also available to purchase at 100% ownership - please contact Georgina at Nest Associates for further information.
Cullompton offers excellent transport links via Junction 28 of the M5 and the B3181, together with regular bus services and nearby rail links at Tiverton Parkway and Honiton stations.
The town provides a wide range of amenities including primary and secondary schooling, supermarkets, sports facilities, doctors surgeries, independent eateries and leisure facilities.
The surrounding countryside and nearby Blackdown Hills Area of Outstanding Natural Beauty provide excellent opportunities for walking and outdoor pursuits.
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.
Area
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FAQ
About Greystone Walk, Cullompton, Devon, EX15 1GZ
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