2-bedroom flat · EX32 8QX
Listing removedReduced £10k (−6.3%) on 21 JunListed 260 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A smartly presented two double bedroom ground floor apartment, set within the quiet and well-kept residential enclave of Westacott Meadow — a location that consistently appeals to long-term tenants for its balance of calm surroundings and everyday convenience.
Selling with share of the freehold and long standing tenant in situ, if desired.
The apartment offers well-proportioned, modern accommodation, centred around an open-plan kitchen and living area that feels light, functional and easy to maintain — exactly the kind of layout that works well for professional tenants and retired tenants alike.
Two genuine double bedrooms and a modern bathroom complete the accommodation, all presented in a tidy, neutral condition.
Externally, residents benefit from off-road parking, along with communal gardens that provide usable outdoor space without the maintenance burden — a feature that tends to support tenant retention and long-term demand.
From a lifestyle and location perspective, Westacott Meadow remains a popular choice.
It offers a quieter residential feel while still being within easy reach of local amenities, transport links and everyday services, making it a practical base for tenants who want convenience without being in the thick of town-centre activity.
Finer Details - Currently tenanted by a long-term retired tenant, paying £725 per calendar month - Share of the freehold (25%), with the remaining shares equally held by flats 65,67 and 71 - Long lease remaining — expires 31st December 2126 (circa 100 years) - No ground rent payable - Service charge paid in advance for 2026: £1,561.65 Five-year average service charge circa £1,114 per annum, based on audited accounts - Gas central heating & Double glazing - Mains services connected: Water, gas and electric - Ultrafast broadband available, mobile coverage good - Council tax band B
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 69, Westacott Meadow, Barnstaple
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