1-bedroom flat · EX20 1DB
Sold STCListed 267 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***SOLD PRIOR TO AUCTION - SIMILAR PROPERTIES REQUIRED***Guide Price £70,000 (plus fees). For sale via Livestream Auction on Thursday 7th May 2026 starting at 11am.
A one bedroom flat located in Okehampton, Devon. Legal pack available to download free of charge from our website.
First Floor Flat A vacant first floor flat in need of renovation situated in Okehampton, Devon.
Centrally located, the property consists of an open plan living area / kitchen, a double bedroom and a bathroom. PVCu DG.
ACCOMMODATION Own entrance Hall Lounge / Kitchen / Diner - 13'1" × 13'0" (4.00 m × 3.95 m max) Bedroom - 14'2" × 9'6" (4.33 m × 2.90 m max) Bathroom - 8'2" × 5'9" (2.50 m × 1.74 m max) FULL DETAILS Photographs, Dimensions, Floor Plans and Area Measurements (when available) are included within our full details online on our website.
All published information is to aid identification of the property and is not necessarily to scale. VIEWINGS Please telephone Auction House South West on to request a viewing.
NOTICE TO BIDDER Please be aware that if your bid is successful on auction day the exchange of contracts will happen immediately after the auction.
Tenure: Freehold EPC Rating: D64 Administration Fee: £1200 inc VAT payable on exchange of contracts. Buyer's Premium Fee: £1200 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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.
Area
Agent & docs
FAQ
About 3 Heather Close, Okehampton, Devon EX20 1DB
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