1-bedroom flat · EX36 4GJ
For saleListed 82 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A superb opportunity to acquire a shared ownership and genuinely affordable ground floor one double bedroom apartment set in a modern building only a few minutes’ walk from the town centre.
The property is a good size, well-proportioned with its own private garden and would make an ideal first-time purchase. £69,300 for a 55% fixed equity share.
No rent payable on the remaining equity Communal Front door with Entryphone to: Communal entrance Hall with stairs leading down to the ground floor.
Entrance hall Radiator, entry phone, large storage cupboard with shelving, telephone point, central heating thermostat, door to: Lounge diner A spacious and well-proportioned room with a dual a spec and French Doors leading to the garden, TV point, telephone point.
Kitchen A comprehensive range of units with attractive light wood effect fronts with contrasting work surfaces, stainless sink unit, Bosch electric oven with grill, stainless steel Candy four ring gas hob with stainless steel canopy hood over, washing machine recess, fridge/freer recess.
Open aspect. Bedroom TV point, radiator, double built- in wardrobe with hanging rail and housing a Viesmann gas fired central heating boiler, open aspect.
Bathroom Nicely fitted with a white suite comprising panelled bath with handles and Mira Sport Max electrical shower over, pedestal wash hand basin, low level WC.
Radiator, Xpelair extractor, built in shelved airing cupboard with electrical cylinder heater.
Outside There is an allocated parking space, a bin store and a sunny, level and fully enclosed garden with pedestrian access and garden shed. Please note purchasers have to qualify to buy this proprty
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
Agent & docs
FAQ
About 3, Kingdon Avenue, South Molton
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