3-bedroom flat · EX36 3AN
For saleListed 250 days
Opportunity summary
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About
ABOUT THE PROPERTY 3 Langmead House is a spacious three bedroomed first floor apartment forming part of a unique historic building within a short distance of the town centre.
Set back from the road, this stone building originally dates back to 1834 for use as a Congregational Church and was subsequently converted in the 1980s to form four spacious individual apartments, with a wealth of historic features.
On the ground floor is shared entrance hall between two apartments, which leads to a useful private utility/store room.
This provides internal access to a large communal open room providing shared storage space and wheelie bins store with gated front access.
On the first floor is a communal landing (between two properties) with feature mural of the town The apartment has a private entrance hall, kitchen, living/dining room, three good sized double bedrooms (one with borrowed light from the large communal landing) and a family bathroom.
The accommodation enjoys lots of natural light. A shared private vehicular access leads to the front of the properties and number 3 benefits from an allocated parking space.
There is no further outside or garden areas. For layout and approximate room measurements please see the enclosed floorplan.
Tenure - Leasehold THE AREA South Molton itself offers an excellent range of everyday services including shops, schools, restaurants, and bank, together with a Sainsbury's supermarket, health centre, recreational facilities and cottage hospital.
The town also enjoys a traditional country pannier market twice weekly. SERVICES & OUTGOINGS The property is connected to all mains services. North Devon Council - Band C Approx.
£2,128.70 per annum as of 2024/25 EPC Rating - C Service charge for building maintenance and insurance circa £100 per month. No ground rent payable.
Tenure - Leasehold - Currently the remainder of a 99 year lease - In the process of being renewed to 999 years.
DIRECTIONS From South Molton town centre head west into Barnstaple Street and at the junction with West St, and North St, turn right into North Street.
After a short distance the entrance to Langmead House is on the right hand side, just before the entrance to the church.
Number 3, it's the first floor apartment on the right hand side of the building.
DIGITAL MEDIA What3Words Location - ///weeds.excuse.ready IMPORTANT NOTICE These sale particulars have been prepared as a general guide. They must not be relied upon as statements of fact.
We have not carried out a detailed survey, nor tested the services, heating systems, appliances and specific fittings. Room sizes should not be relied upon for carpets and furnishings.
If there are points which are of particular importance to you, please make contact prior to viewing the property. To the best of our ability we try to represent the property accurately and honestly.
A purchaser must make sure they are satisfied with the property before agreeing to proceed. We are not legal experts, and you must seek and be guided by your own legal advice.
Talk to us if there are any questions or concerns relating to the property. COPYRIGHT © 2025 MICHAEL ADEY PROPERTY Council Tax Band: C Tenure: Leasehold (999 years) Service Charge: £100 per month
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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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About 3 Langmead House, South Molton
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