2-bedroom flat · EX38 8EY
To rentListed 12 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated within close proximity of Great Torrington town centre is this two bedroom maisonette.
The accomodation briefly comprises kitchen with range of fitted units, utility room with plumbing for a washing machine, large living room.
To the first floor are two good sized bedrooms and shower room. Outside is a reasonable sized courtyard with access directly from the living room or from the side access way.
The property benefits from gas heating with a modern decor throughout. Available to rent from now! EPC Rating: D We have been advised the council tax is band A.
The water is serviced by mains water & mains drainage. The electricity is supplied by mains electric. The heating is served by a gas fired boiler.
Please note that it is not the landlords responsibility to provide a fixed telephone line to the property and any prospective tenant should check this before committing to a tenancy.
The rent for the property is £700.00 per calendar month, exclusive of all outgoings and payable monthly in advance. The property will be let on a assured periodic tenancy.
Please note that there will be one weeks holding deposit to secure property which equates to £161.00. In addition to the first months rent a deposit of £807.00 will be required.
Bond Oxborough Phillips Lettings will pay the deposit to the Deposit Protection Service dps, (the government run scheme). Following receipt of the deposit, The dps will provide confirmation to you.
The full details are available on their website . Please Note Permitted Payments: - One weeks holding deposit to secure property.
This will go against the first months rent providing that you do not withdraw your application or do not disclose vital information.
- £50 Inc VAT administration fee for any changes to the tenancy (when requested by the tenant).
- Early termination fee (only when agreed in writing from the landlord), £50 Inc VAT administration fee plus any agreed reasonable costs (as agreed with landlord).
- Lost Keys / Security Devices, replacement will be charged at cost to the tenant. Charges can be upto £30 Inc VAT. - Late rent.
We reserve the right to charge interest; this can be added to each day after the rent due date.
Charged at an annual percentage rate of +3% above the Bank of England base rate until full payment is made. The property is let as seen. Standard references will be required.
Please note that all measurements are only approximate and are purely given as a guide. Please refer to Bond Oxborough Phillips Lettings guidance notes for prospective tenants.
If you would like to view the property, or if you require any further information, please do not hesitate to contact Bond Oxborough Phillips Lettings.
Viewing is strictly through Bond Oxborough Phillips lettings and by appointment only. Bond Oxborough Phillips Torrington obtains Client Money protection through cmp (Client Money Protect).
Membership no: CMP003350 Bond Oxborough Phillips Torrington are members of The Property Ombudsman.
Membership No: R00193-3 Directions From our office, cross the road and continue by foot through the alleyway opposite to the end bearing right to where the front door can be found on your left hand side.
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Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Flat 2, 14, Cornmarket Street, Devon
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