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See how verdicts work2-bedroom flat · EX15 1GQ
For saleReduced £10k (−6.7%) on 29 AugListed 83 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This well-proportioned two-bedroom ground floor leasehold flat, situated in a convenient location within the popular town of Cullompton, offers an excellent opportunity for first-time buyers, downsizers, or investors alike.
Benefiting from generous storage throughout and its own private garden, the property also presents an ideal project for those looking to add their own style and make improvements over time.
The accommodation comprises an entrance hallway, leading through to a spacious and comfortable lounge.
Filled with natural light, this welcoming living space is perfect for relaxing, with patio doors providing direct access to the rear garden and creating a seamless connection between indoor and outdoor living.
The kitchen offers a functional layout with ample potential for updating and personalisation, making it a great space for buyers wishing to put their own stamp on the property.
There are two well-sized bedrooms, both offering flexibility for a range of needs, whether used as bedrooms, a home office, or guest accommodation.
A family bathroom completes the internal accommodation. Outside, the property enjoys a private, low-maintenance rear garden, ideal for those wanting outside space without the upkeep.
The garden benefits from a useful shed, providing additional storage for tools, bicycles and garden equipment.
Further advantages include an allocated parking space located behind the property and an abundance of storage throughout the flat, ensuring practical day-to-day living.
Requiring only a small amount of updating and cosmetic improvement, this property represents a fantastic opportunity to create a comfortable home while potentially adding value.
With its ground floor position, private garden, parking and superb potential, this is a property that is sure to appeal to a wide range of buyers.
Early viewing is highly recommended to fully appreciate the space, convenience and potential this property has to offer.
Please note that an aml fee is chargeable to the buyer once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks.
Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.
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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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 45, Cambridge Way, Devon
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