2-bedroom flat · EX31 3FB
Listing removedReduced £4k (−7.1%) on 21 JunListed 359 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located in the popular village of Fremington, Aspen Grove is perfectly positioned close to local amenities, reputable schools, and the picturesque North Devon Tarka Trail.
This well-presented two-bedroom ground floor apartment offers modern open-plan living, a designated parking space, and an enclosed rear garden - making it an ideal first home or investment opportunity.
The property briefly comprises a welcoming entrance hall, two bedrooms (the second offering flexibility as a home office or guest room), and a modern three-piece bathroom with bath and overhead shower.
At the heart of the home is a bright and spacious open-plan kitchen/living/dining area, providing a perfect space to relax and entertain, with direct access to the private, easily maintained garden.
With its convenient location, practical layout, and stylish finish, 20 Aspen Grove represents an excellent opportunity to step onto the property ladder in one of North Devon's most desirable villages.
Local Shop - 0.4 miles // Local School - Fremington Community Primary & Nursery School 0.3 miles // Local Pub - 0.7 miles // Parking - Allocated Parking Space for 1 Car // Tenure - Leasehold // Please see price breakdown below: Rent - £263.90 Service Charge - £24.06 Building Insurance - £12.05 Sinking Fund - £9.44 Total - £309.45 You'll need to pay a reservation fee of £500 to secure your home.
When you pay the fee, no one else will be able to reserve the home.
Eligibility Criteria: A gross household income less than £80,000 per year A memorandum of sale to show they have sold their property, if applicable Confirmed that they cannot afford to buy a suitable property on the open market Evidence of a sufficient deposit and funds available to pay the associated costs Evidence of meeting the local connection: Local occupancy criteria apply (Section 106) : You are required to have had a minimum period of residence of five years in the parish (Fremington), adjoining parish, e.g Instow, Tawstock, Horwood, Lovacott and Newton Tracey, or the administrative area of North Devon District Council.
Or Equally, if you have been employed in the parish, adjoining parishes or the district, as the case may be, for a continuous period of at least five years.
Or Currently employed in the parish, adjoining parish or district in an agricultural-related activity, the emergency services, professional healthcare or as a social worker or as a qualified primary or secondary school teacher.
Or Strong, established and continuous links with the parish, adjoining parishes or the district, by reason of birth, or family and in addition still having a parent or guardian living there, despite the person having moved away from the parish,
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
.png)
FAQ
About 20, Aspen Grove, Barnstaple
Explore nearby