2-bedroom terraced house · EX36 3AT
For saleListed 27 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious 2 bedroom terrace property that is now in need of renovation, is set in a quiet location close to the town centre. Offered with no onward chain.
Offered with no onward chain, 11 Alexandra Terrace comprises a mid-terraced two bedroomed cottage.
The cottage is entered into the main entrance hall that leads to a spacious living room with a bay window that overlooks the large front garden.
Further from this is a dining room that overlooks the enclosed rear courtyard.
The kitchen has a range of wall and base units that has a sink with drainer and a door that has access onto the rear courtyard. Stairs rise to the first floor from the hallway.
The first floor comprises of a large master bedroom that has a built in wardrobe and has a front aspect window.
The second bedroom is a smaller room that has a window that overlooks the rear courtyard. There is a separate W.C to the main bathroom. The bathroom comprises bath and handwash basin.
The W.C has a toilet and a sink. For layout and approximate room measurement please see the enclosed floorplan.
Outside To the front of the property there is a large front garden that has been laid to lawn with a large greenhouse located at the top of it.
The rear courtyard is a useful space that offers its self with 2 small storage areas and a single larger storage area. There is a rear gate that leads onto an alleyway.
Services & outgoings We understand that all mains services are connected to the property Council Tax: North Devon Council - Band A Additional information Broadband: Ffb -full fibre broadband is available-highest available download speed 1600 Mbps, highest available upload speed 115 Mbps.
(Based on Openreach data). Mobile Coverage: Likely coverage available via EE, three, O2 and vodafone.
For an indication of specific speeds and supply or coverage in the area we recommend contacting your own provider.
(Based on Ofcom data) Flooding: The property is in an area at a very low risk from River/Sea and Surface Water flooding (defined as the chance of flooding each year as less than 0.1%). (Gov UK data).
Construction Type: Standard N.B. Please note that the Vendor of this property is related to a member of staff at Greenslade Taylor Hunt.
Alexadra Terrace occupies an extremely convenient location towards the western outskirts of South Molton, within a few minutes walk of the local shops, schools and other amenities.
Barnstaple and Tiverton are both easily accessible via the A361 North Devon link and offer a wider range of facilities, together with further schooling and entertainments.
Exeter is within 40 minutes travelling distance, whilst Junction 27 of the M5 motorway and Tiverton Parkway main line rail station are both approximately 30 minutes drive, providing fast access to the rest of the country.
International airports are available at Exeter and Bristol.
The market town of South Molton is located just to the south of Exmoor and is surrounded by delightful countryside offering a wide range of recreational pursuits including miles of walks, riding and cycling both on the moor itself and in the neighbouring environment.
Fishing can be enjoyed on the rivers Mole, Taw and Torridge and the dramatic North Devon coastline is within 40 minutes travelling distance with a variety of locations ranging from quiet bays and coves such as Lee Bay and Woody Bay to the renowned surfing beaches of Woolacombe, Croyde and Saunton Sands.
Golf courses may be found at Tiverton and Barnstaple, together with links courses
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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FAQ
About 11, Alexandra Terrace, Devon
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