2-bedroom flat · EX11 1GT
For saleListed 55 days
Opportunity summary
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About
Property Available for the first time since completion, this stunning top-floor, two-bedroom luxury penthouse loft apartment occupies a prime position within an iconic, historic Mill conversion.
The property blends striking architectural heritage with stylish, versatile modern living.
Enjoying a desirable south-westerly aspect and dramatic double-height ceilings, the light-filled accommodation boasts wonderful, elevated views over the River Otter.
Exposed brickwork, original beams, and restored industrial ironwork add exceptional character to this unique home.
The immaculate apartment features an entrance lobby leading to a full-length hallway with extensive built-in storage.
Two generous double bedrooms are served by a beautifully appointed family bathroom featuring a slipper bath and separate shower cubicle.
The centrepiece of the home is the spectacular double-height, open-plan kitchen, living and dining space flooded with natural light.
The premium kitchen comes fully fitted with integrated appliances, including a Neff oven, induction hob, extractor, fridge/freezer and washer/dryer.
An elegant oak and glass staircase leads to a substantial mezzanine floor.
Currently arranged as a study, dressing area and storage zone, this versatile space adds exceptional volume and flexibility to the layout.
The property is finished to a high standard with Avery looped wool carpets, light oak effect Amtico flooring, gas central heating and heritage double glazing with remote-controlled electronic linen-effect roller blinds.
It features ultra-fast full-fibre broadband capability, a communal digital TV aerial and a secure intercom entry system.
The apartment is conveniently accessed via a lift or the building’s impressive main atrium staircase and includes two private parking spaces.
Cash buyers only Location Ottery St Mary, home of the world-famous ‘Tar Barrels’, is one of the oldest and most historic towns in Devon and boasts an array of amenities including a range of independent shops, a supermarket, dentist and medical centre.
There is an excellent range of schools, including The Kings School. The town also has excellent road and rail links with access to the A30, M5 and London ‘Waterloo’ line only a short drive away.
The City of Exeter and its International Airport are also close by. Lease information Tenure: Leasehold (999 years from 2021 - approx.
994 years remaining) Ground Rent: None payable Service Charges and Building Insurance: Includes lift maintenance, window cleaning, electronic door entry and intercom, fire alarm systems, and the upkeep/lighting of all communal interior areas and exterior grounds, contingency funds, block management fees, etc.
Service Charges: For 2026 was £3186, this included some additional one-off funds for lift upgrades and some other items. Annual Building insurance: £830.
Please feel free to ask me for more information on this. Status: Vacant possession with no onward chain.
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.
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FAQ
About Apartment 18, Otter Mill, Ottery St Mary
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