2-bedroom flat · EX36 4AG
For saleReduced £15k (−13%) on 7 AugListed 190 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
No onward chain! A fantastic opportunity to purchase a two bedroomed first floor apartment in the town centre.
Flat 1,83 South Street is a fantastic opportunity to purchase a two double bedroomed apartment in a popular location, within walking distance to the town centre.
The property is entered via a communal entrance hallway. The accommodation is well proportioned. The first room you come to is the open plan living/dining room/kitchen.
This is a lovely light space and comprises a range of wall and base units, integrated hob and oven, stainless steel sink and drainer. There are wonderful views over South Street.
A hallway leads through to the two bedrooms, both of which are double rooms. Completing the accommodation is the shower room, which comprises of a shower, WC, wash hand basin and radiator.
There is also a useful storage cupboard.. For the accommodation layout and approximate room measurements please refer to the enclosed floorplan. Outside There is no outside space.
Services & outgoings We understand that all mains services are connected to the property.
Council Tax: North Devon Council - Band A Tenure: Share of freehold and 999 years remaining on the lease from 2013. Peppercorn ground rent. £300 annual service charge.
Additional information Broadband: Fttc-Fibre to the cabinet broadband is available-highest available download speed 1600 Mbps, highest available upload speed 115 Mbps. (Based on Openreach data).
Mobile Coverage: Coverage available via EE, O2, three 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 medium risk from Surface Water flooding ('Medium' means between 1% and 3.3% chance of a flood each year.) The property is in an area at a low risk from river/sea flooding (defined as the chance of flooding each year as less than 0.1%).
(Gov UK current 2025 data). Construction Type: Traditional The property is located within walking distance of the town amenities.
South Molton itself is considered The Gateway to Exmoor and provides an excellent range of everyday services including shops, schools, restaurants and cafes, health centre, cottage hospital, recreational facilities, the award-winning weekly Pannier Market and Quince Honey Farm.
The A361 North Devon link road is within easy driving distance providing quick access to the larger regional centre of Barnstaple as well as Tiverton and the M5 motorway (J27).
South Molton is surrounded by picturesque North Devon countryside with nearby Exmoor offering beautiful moorland scenery with many foot and bridle paths.
The north coast is easily accessible with lovely sandy beaches at Instow, Saunton Sands, Croyde Bay, Putsborough and Woolacombe.
Mainline intercity rail links are available at Tiverton Parkway (London Paddington approx. 2 hours) with international airports at Exeter and Bristol.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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 Flat 1, 83, South Street, Devon
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