4-bedroom house · EX39 2JT
Sold STCListed 727 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A mix used property situated in a prominent central of town location. The property comprises 2 commercial shops with 2 residential apartments with further letting space if converted.
For more information please don't hesitater to contact the Bideford team. A mixed use grade II listed property comprising of 2 ground floor shops and 2 upper floor apartments.
In need of some modernisation yet a fantastic opportunity for those of you looking for a property with income or addition to your property portfolio.
Currently 2 of the 4 units are let out to long term loyal tenants with the building affording potential projections of in the region of £30,000 + p/a if all units are rented out at the market rates.
*There is HMO potential if you are looking for a larger income from the property.
The property comprises a ground floor shop 'Fancy Something Sweet' with large storage facility, kitchen and further rooms to the rear.
Along with a prominent large shop frontage on one Bidefords most popular streets.
There is a further ground floor shop formerly occupied as a jewellery shop with security shutter but offers a prominent location for a high-street shop with excellent window spaces.
To the rear is a further storage / kitchen space along with an outside WC. The two apartments are both maisonettes accessed via the large entrance door to the middle of the front elevation.
The door gives way to a hall and stairs to the split landing. One of the apartments is on the left a spacious 2 bedroom apartment with kitchen and bathroom in need of some modernisation.
On the right there is a further 'inner' hall with access to a store room which could be converted into a studio apartment, if desired. This inner hall also leads to the second apartment.
with large lounge, kitchen, bathroom and 2 bedrooms. For more information or to arrange a viewing please don't hesitate to contact the Bideford team. Grade II listed building therefore EPC exempt.
Shop - 5m x 4.78 (16'4" x 15'8") - Shop Store - 3.57 x 3.47 (11'8" x 11'4") - Kitchen - 2.47 x 1.87 (8'1" x 6'1") - Rear Store - 3.50 x 2.97 (11'5" x 9'8") - Upper Storage Room - 3.50 x 2.97 (11'5" x 9'8") - Second Floor Storage Rooam - 3.50 x 2.97 (11'5" x 9'8") - Shop - 5m x 5m (16'4" x 16'4" ) - Kitchen / Store - 3.50 x 2.97 (11'5" x 9'8") - Outside Wc - Apartment 1 - Lounge - 5 x 4.35 (16'4" x 14'3") - Kitchen - 3.45 x 2.60 (11'3" x 8'6") - Bedroom - 3.10 x 1.85 (10'2" x 6'0") - Bedroom - 3.82 x 3.22 (12'6" x 10'6") - Bathroom - 2.48 x 1.73 (8'1" x 5'8") - Apartment 2 - Kitchen / Diner - 3.78 x 3.86 (12'4" x 12'7") - Lounge - 5 x 4.20 (16'4" x 13'9") - Bedroom - 5 x 4.35 (16'4" x 14'3") - Bedroom - 3.93 x 3.43 (12'10" x 11'3") - Bathroom - 3.45 x 1.79 (11'3" x 5'10") -
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.
Area
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FAQ
About Mill Street, Bideford
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