2-bedroom terraced house · EX16 6TP
For saleListed 27 days
Opportunity summary
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About
A well-presented two-bedroom house situated within the popular Orkney Mews development for the over 55s.
Offering two bedrooms, a kitchen and shower room, generous living/dining room, enclosed courtyard garden and garage.
Conveniently positioned within a reasonably level walk of Tiverton town centre and offered with no onward chain.
Situated within the established Orkney Mews development, this well-presented two-bedroom house offers comfortable, easily managed accommodation within a reasonably level walk of Tiverton town centre.
Offered with no onward chain. The accommodation is well proportioned, extending to approximately 760 sq ft, with a useful entrance hall and ground floor cloakroom.
The modern fitted kitchen provides a good range of storage and work surfaces, together with integrated appliances and plumbing for a washing machine.
To the rear, the spacious living/dining room is a particular feature of the house, measuring approximately 16'3" x 12'9".
Patio doors provide plenty of natural light and open directly onto the enclosed courtyard garden. Upstairs are two genuinely good-sized bedrooms.
The main bedroom is a generous double with ample room for additional furniture, while bedroom two also comfortably accommodates a double bed.
The shower room has been modernised with a large walk-in shower, wash basin and WC.
Outside, the enclosed rear courtyard provides a private and manageable area for sitting out, beyond which is a communal lawned area. A single garage is situated nearby within a separate block.
Orkney Mews is intended for the over 55s, with an occupier of the property required to be aged 55 or over.
The development is conveniently positioned for local amenities, including Moorhayes Community Centre, Tesco Express and nearby bus services, while Tiverton town centre can be reached on foot without encountering the steeper approaches found in some parts of the town.
Tenure: The property is leasehold, with approximately 63 years remaining. The current ground rent is £100 per annum, with a service charge of approximately £1,000 per annum.
The service charge contributes towards the maintenance of the communal areas, buildings insurance and periodic external decoration. Utilities Mains gas, electricity, water and drainage.
Local Authority Mid Devon District Council Parking Garage
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 3, Orkney Mews, Tiverton
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