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See how verdicts work1-bedroom flat · EX15 3AA
Listing removedReduced £10.1k (−7.2%) on 21 JunListed 194 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*Watch the Seddons' Video Tour* A newly refurbished, ground floor flat in the centre of this popular village with the shop and regular bus services close by.
A great first time buy, bolt hole or investment. This fine flat has just been completely refurbished and redecorated, with new flooring throughout.
The kitchen, in the corner of the large living room, is fitted in a contemporary, grey Shaker style with an integrated oven, ceramic hob and extractor hood over, a stainless steel sink and space for appliances.
This room has great natural light from the large window at the front of the property and the glazed front door.
From the inner hallway, there is a newly fitted shower room, with a white suite, heated towel rail and large shower cubicle.
The double bedroom has a range of built in wardrobes in one wall providing excellent storage.
The flat has no outside space or garden but there are lovely walks nearby along the River Culm and country lanes, and the Magelake playing fields are a short stroll away.
Free and unrestricted parking is available in The Square Services: Mains electricity, water, and drainage.
Tenure: Leasehold and a 50% Share of the Freehold with new lease being created with a shared service charge proposed to be split on an as & when basis.
Local Authority: Mid Devon District Council Council Tax: Band A Lying conveniently in the village centre with a good range of local amenities, including a popular primary school, and the renowned secondary school, Uffculme School, Ofsted rated 'Good' or 'Outstanding' in all areas.
There is a local pub, 'The Ostler', a mini market, doctors' surgery, veterinary practice and a large village hall and community playing fields.
Regular bus services run through the village and the market towns of Tiverton and Cullompton are a short drive away. Via the motorway, Exeter and Taunton are within easy reach, as well as Tiverton.
Cullompton and Junction 28 of M5 c.5 miles Junction 27 of M5 c. 2 miles Exeter c. 17 miles Taunton c. 20 miles Tiverton c. 8 miles Tiverton Parkway Station c.
2.5 miles Please see the floor plan for the dimensions. The internal photos have been taken with a wide-angle lens to show more of the rooms.
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.
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FAQ
About 4B, The Square, Cullompton
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