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See how verdicts work2-bedroom flat · EX36 4BN
For saleReduced £10k (−6.3%) on 20 OctListed 24 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located within walking distance of South Molton Square and local amenities is this well-presented two bedroom maisonette offering spacious living accommodation.
An entrance hall welcomes you into the property with stairs rising to the first floor and doors leading to the principal rooms.
The spacious living room provides ample space for entertaining and features a useful under-stairs storage cupboard along with patio doors opening onto a balcony area enjoying pleasant views over the surrounding greenery.
The kitchen has recently been newly installed and is fitted with a range of modern units, a single drainer stainless steel sink and space for a washing machine and fridge/freezer.
Integrated appliances include a four-ring hob with extractor fan over and an oven below.
On the first floor are two bedrooms together with a three-piece bathroom suite comprising a close coupled WC, wash hand basin and a bath.
The property has recently been redecorated throughout, creating a fresh and well-presented home ready for occupation.
To the front of the property there is an allocated parking space that comes under the management of Oakwood Court and we are advised by the vendors that all properties in Oakwood Court are allocated a parking space, please note this space is not on the deeds.
There are also communal gardens situated between the two blocks of apartments. N.B. The property is leasehold with the remainder of a 999 year lease which commenced in January 1995.
Service charges are currently £tbc per month (£tbc per annum), which covers tbc. From our office proceed along East Street and take the first right into New Road.
Once in New Road take the first left into Brook Meadow, Oakwood Court is immediately on the right. Services All main services connected. Gas central heating.
Tenure Leasehold Council Tax Band B Viewings Strictly by appointment through the sole selling agent.
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
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FAQ
About 5, Oakwood Court, South Molton
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