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See how verdicts work1-bedroom flat · EX16 4JD
Listing removedListed 99 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Nestled in the charming area of Canal Hill, Tiverton, this modern 1 bedroom, ground floor flat presents an excellent opportunity for the over 55's, seeking a comfortable and secure living space.
A one bedroom ground floor apartment for the over 55's, built in the grounds of The Larches care home near the Grand Western Canal.
Fig Tree Court was built by Davidson Homes and has been maintained to a particularly high standard. The apartment offers very comfortable, secure, well appointed accommodation.
The self contained apartment offers a kitchen with fitted fridge, freezer, oven, hob and microwave; living area, a bedroom and a fully tiled shower room.
The apartment also offers a security intercom system. Fig Tree Court caters for a comfortable lifestyle with excellent communal facilities.
Within the development is a residents day lounge, a laundry room, communal gardens including a drying space for washing, and car parking.
There is a storage facility with charging for mobility scooters. The development is located about a mile from the town centre with a regular bus service back and forth.
Amongst other town centre shops and facilities is Marks and Spencer Simply Food Store and Banburys department store.
The bus service runs regularly to Exeter to the south and Tiverton Parkway Station for travel further a field.
Just a short distance away is the Grand Western Canal along which are some lovely level walks.
Fig Tree Court is a straight forward solution for maintaining a level of independence in a secure environment.
Services: Mains electricity, water, and drainage Tenure: Leasehold Council Tax: Band A Local Authority: Mid Devon District Council Maintenance charges: There is a monthly service charge of £326.07, and an annual ground rent of £500.
The services include; buildings insurance, regular maintenance, water, drainage, heating, parking, the use of a laundry room and communal areas inside and out.
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 9, Fig Tree Court, Canal Hill, Tiverton
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