1-bedroom flat · EX17 2EF
Listing removedListed 72 days
Opportunity summary
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About
Orchard House was converted to quality residential apartments in recent years with lovely communal gardens and private parking.
The well-presented accommodation includes the main building entrance, a private hallway which opens to the spacious open plan living area with a fully functioning modern kitchen units and fitted appliances, large bedroom and bathroom.
Location Crediton is an historic market town with a population of about 7,000 situated about seven miles to the northwest of Exeter.
The town has a good shopping centre with a diverse range of shops running the length of the wide main street. Morrisons, Lidl and Tesco superstore are also in the town.
There is excellent schooling for both primary and secondary, an eighteen-hole golf course as well as a leisure centre with swimming pool.
Crediton train station is about three quarters of a mile from the town centre, on the well-known Tarka Line, which provides good service links to Exeter and countrywide.
Description Orchard House is an attractive development of twenty-two individually designed one, two and three-bedroom apartments, all finished to a high standard with carefully considered layouts that maximise space and natural light.
Located on the ground floor, this apartment features a generous double bedroom, a modern bathroom, and a spacious open-plan living area incorporating a fully fitted kitchen and dining space.
Additional benefits include an allocated parking space, visitor parking and access to well-maintained communal grounds, with the property presented in excellent condition throughout.
Directions And Material Information What3Words: ///evening.straying.donation Material Information Mains electricity water and drainage. Gas central heating and hot water.
Mid Devon District Council - Band A Leasehold -The property benefits from a long lease of 200 years from 1st January 2020.
Service Charge: Remus Six Monthly Service Charge of £671.14 Ground Rent: £200 per annum, paid six monthly. To be reviewed in 2030. Parking: Allocated parking space and limited visitor parking.
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
Agent & docs
FAQ
About Flat 2, 4 The Orchard House,, Churchill Drive, Devon
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