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See how verdicts work2-bedroom flat · EX36 3AN
Sold STCListed 326 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
ABOUT THE PROPERTY 2 Langmead House is a spacious two bedroomed second floor apartment forming part of a unique historic building within a short distance of the town centre.
Set back from the road, this stone building originally dates back to 1834 for use as a Congregational Church and was subsequently converted in the late 1990s to form four spacious individual apartments, with a wealth of historic features.
On the ground floor is shared entrance hall between two apartments approached form the Churchyard, which leads to a useful private utility/store room.
This provides internal access to a large communal open room providing shared storage space and wheelie bins store with gated front access.
The apartment has a private entrance hall, kitchen/dining room with skylight and attractive arched window, large living room also with arched and partially stained glass window and skylight, two good sized double bedrooms with further feature arched windows and a skylight to each main bedroom and a family bathroom.
The accommodation enjoys lots of natural light. A shared private vehicular access leads to the front of the properties and number 2 benefits from an allocated parking space.
There is no further outside or garden areas. For layout and approximate room measurements please see the enclosed floorplan. Virtual Tour Available.
SERVICES & OUTGOINGS The property is connected to all mains services. North Devon Council - Band C Approx.
£2,128.70 per annum as of 2024/25 EPC Rating - C Annual service charge for building maintenance and insurance circa £100 per month. No ground rent payable.
Tenure - Leasehold - Currently the remainder of a renewed 999 Years granted in 2022.
DIRECTIONS From South Molton town centre head west into Barnstaple Street and at the junction with West St, and North St, turn right into North Street.
After a short distance the entrance to Langmead House is on the right hand side, just before the entrance to the church. Number 2, is the top left apartment from the roadside.
However, on foot the property is best approached via the Churchyard.
DIGITAL MEDIA What3Words Location - ///coverings.singled.discusses 360 VIRTURAL TOUR AVAILABLE IMPORTANT NOTICE These sale particulars have been prepared as a general guide.
They must not be relied upon as statements of fact. We have not carried out a detailed survey, nor tested the services, heating systems, appliances and specific fittings.
Room sizes should not be relied upon for carpets and furnishings. If there are points which are of particular importance to you, please make contact prior to viewing the property.
To the best of our ability we try to represent the property accurately and honestly. A purchaser must make sure they are satisfied with the property before agreeing to proceed.
A Property Information Questionnaire & Title Register are available to prospective purchasers before committing to proceed with a purchase.
We are not legal experts, and you must seek and be guided by your own legal advice. Talk to us if there are any questions or concerns relating to the property.
COPYRIGHT © 2025 MICHAEL ADEY PROPERTY Council Tax Band: C (North Devon Council) Tenure: Share of Freehold (997 years) Ground Rent: £0 per month Service Charge: £100 per month
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 2, Langmead House, South Molton
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