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See how verdicts work3-bedroom terraced house · EX37 9PS
For saleListed 46 days
Opportunity summary
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About
An attractive end of terrace house in a popular village with large rear gardens and useful outbuildings.
Sitting room, kitchen/dining room, utility/cloakroom, studio/snug/bed 4,3 main bedrooms and shower room. Large enclosed gardens and polytunnel.
EPC Band D Situation 4 Rackmead Terrace is set on the edge of the very sought after village of Chittlehampton.
The thriving village has an excellent range of amenities including a general stores/post office, church and a renowned and popular award-winning public house, The Bell Inn.
About 5.5 miles to the east is the thriving and popular market town of South Molton, which offers an excellent range of facilities as well as schooling to secondary level.
The larger town and regional centre of Barnstaple is about 8 miles and has further shopping and recreational facilities.
The A361 North Devon Link Road bypasses South Molton and provides an excellent road link to Tiverton and the M5 (Junction 27) to the east where there is also a railway station on the Paddington Line at Tiverton Parkway.
Exmoor National Park and the impressive North Devon coastline with its steep cliffs and wide sandy beaches are also within easy reach by car.
Description Of stone elevations under a slate roof, 4 Rackmead Terrace is an attractive Victorian property forming the end of a terrace of four similar properties built around the end of the 19th Century.
The house retains many original features typical of its era and is complemented by gardens that pass the side of the property and open up to a much larger area of attractive mature gardens to the rear.
There are also some very useful timber-framed buildings suitable for a variety of uses.
Accommodation A part glazed door leads into the entrance hall with stairs to first floor and a door into the double aspect sitting room with fireplace with wood burner and slate hearth, alcove with shelving and cupboard below.
The double aspect kitchen/breakfast room has a tiled floor with underfloor heating and is fitted with a good range of modern units with granite effect worktops, ceramic 11⁄2 bowl sink with mixer tap, electric oven with ceramic hob and hood over, space and plumbing for dishwasher and further space for fridge freezer.
Space for dining table. Door to rear porch with door to rear courtyard and door into utility/cloakroom fitted with base and wall units and stainless steel dual bowl sink with mixer tap.
Space and plumbing for washing machine, space for dryer and close coupled WC. Wall mounted boiler.
Accessed from the rear courtyard is a studio/snug which is also suitable as a dining room, study or bedroom if required.
On the first floor, the landing has a window to the side, stairs to the second floor and doors off to bedroom two, a double room with window to the front with views over the village to countryside beyond, stripped floorboards and Victorian cast iron fireplace.
Bedroom three is a single room with a fitted triple wardrobe and airing cupboard.
The fully tiled shower room is fitted with a quality suite comprising close coupled WC, vanity unit wash basin with mirrored cabinet above, double shower cubicle with glass sliding door, heated towel rail and underfloor heating.
On the second floor is bedroom one, a double room with window to the side and velux window with views over the rear garden. Built in under eaves storage.
Outside To the front a wrought iron gate and short path leads past a small lawned garden to the front door.
Another wrought iron gate and paved pathway leads along the side of the house with an area laid to lawn to the left, together with a 4 bay polytunnel The paved pathway continues between two versatile timber buildings, both with power and light connected and very suitable for general storage and/or workshop use.
Steps lead up to the main expanse of enclosed rear garden, mainly laid to lawn with a wide variety of shrubs and some mature trees.
There is also an enclosed and sheltered courtyard to the rear of the house. Services And Further Information All mains services currently connected.
Standard and superfast broadband are available (Ofcom). Mobile phone signal is good outdoors from all major providers (Ofcom).
Right of Way - The adjoining property has a pedestrian right of way across the rear of the property. We understand that this is only used on an occasional basis.
Viewing Strictly by confirmed prior appointment please through the sole selling agents, Stags on . Directions From South Molton head west on the B3227 towards Umberleigh.
Continue for about five miles and at Homedown Cross take the right turn towards Chittlehampton. Drive into the village and at the crossroads (Townsend Cross) turn right.
Continue into the village and the property will be found soon after on the left. What3words Ref: Diverts.tasteful.written
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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About 4 Rackmead Terrace, Rackmead Terrace, Umberleigh
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