Modern Method of Auction
Auction date not yet published
1-bedroom flat · EX16 4JD
For saleListed 70 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold Being Sold via Secure Sale online bidding. Terms & Conditions apply.
Starting Bid £40,000 This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted.
Ultimately a transparent process which provides speed, security and certainty for all parties.
Auctioneers Additional Comments Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures.
Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure that aml procedure are carried out in accordance with the law.
The advertised price is commonly referred to as a ‘Starting Bid’ or ‘Guide Price’ and is accompanied by a ‘Reserve Price’.
The ‘Reserve Price’ is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the ‘Guide Price’ / ‘Starting Bid’. These prices are subject to change.
An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding.
The Legal Pack will also outline the buyers’ obligations and sellers’ commitments.
It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property.
The deposit will be a contribution to the purchase price.
A non-refundable reservation fee up to 6% inc VAT (subject to a minimum which could be up to £7,200 inc VAT) is also required to be paid upon agreement of sale.
The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained.
There is no requirement or indeed obligation to use these recommended suppliers or services.
This beautifully presented one-bedroom flat offers a superb opportunity for buyers aged 55 and over only , providing modern, low-maintenance living in a well-maintained and highly convenient location.
Please note that the property cannot be purchased by a company , making it suitable for owner-occupiers seeking a comfortable and secure home.
The flat boasts a spacious layout with generously sized living areas, thoughtfully designed to maximize comfort and practicality.
Stylish interior finishes are enhanced by an abundance of natural light, creating a bright and welcoming atmosphere throughout.
The open-plan living and dining area offers an ideal space for relaxing or entertaining, seamlessly connected to a contemporary kitchen fitted with integrated appliances and sleek cabinetry that combine functionality with modern appeal.
The well-proportioned double bedroom benefits from ample storage solutions, ensuring a clutter-free living environment.
A modern bathroom, finished to a high standard, features quality fixtures and fittings, adding a touch of everyday luxury.
The property is easy to manage and perfectly suited to those seeking a low-maintenance lifestyle within a supportive residential setting.
Its prime location provides convenient access to local shops, services, and transport links, making daily errands and travel straightforward.
With its combination of contemporary design, practical layout, and age-restricted ownership, this apartment represents an excellent opportunity for eligible buyers seeking comfort, convenience, and long-term security.
Early viewing is highly recommended to fully appreciate all that this appealing home has to offer.
Location Fig Tree Court is situated in the charming market town of Tiverton, offering residents a mix of convenience and character.
The property is close to a range of local amenities, including shops, cafés, schools, and healthcare facilities, ensuring day-to-day needs are easily met.
The town itself is known for its welcoming community, green spaces, and leisure options, making it a desirable location for families and professionals alike.
The property also benefits from excellent transport links, with nearby road connections providing easy access to Exeter, Taunton, and surrounding areas.
Its central location within Tiverton, combined with strong rental demand and accessibility, makes it a highly attractive option for investors seeking stable returns and long-term growth potential.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
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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 1 Fig Tree Court Canal Hill, Tiverton
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