1-bedroom flat · EX36 3AE
Listing removedListed 183 days
Opportunity summary
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About
An extremely well-presented one-bedroom first-floor apartment, ideally situated in the centre of the popular town of South Molton.
The property features a spacious open-plan living area, which has been thoughtfully remodelled and renovated throughout to a high standard.
Further benefits include a ground floor lockable store with plumbing for a washing machine, as well as the advantage of no onward chain, making it an ideal purchase for a range of buyers.
Stairs rise from the rear courtyard, accessed from the back of the building, leading to a small shared communal area serving just two apartments. The entrance to Apartment One is on your left.
A spacious entrance hall welcomes you into the home, with double doors opening into an exceptionally well-presented and well-equipped kitchen, dining, and living space.
This impressive room offers ample space for both a dining table and comfortable seating, while a large bay window enjoys a pleasant outlook towards the town.
The kitchen is fitted with modern base units and includes an integrated oven and electric hob.
From the entrance hall, a generous double bedroom leads through to a shower room comprising a shower, WC, and wash hand basin. This room also houses the recently installed combi boiler.
Externally, within the courtyard area on the ground floor, there is a useful lockable store with plumbing for white goods.
Please note that the properties benefit from new electrics, boilers, and plumbing throughout, as well as linked smoke alarm systems between the buildings, enhanced soundproofing, and improved insulation.
The properties are now presented in true ‘turn-key’ condition, ready for new owners to move straight in and enjoy.
Agents Notes: We understand from the vendor that a new 999-year lease is currently in the process of being created.
A management company will also be established, which will be responsible for the arrangement of the building’s insurance and the maintenance of the communal areas.
Further details will be confirmed in due course. From our office at 30 Broad Street, proceed along Broad Street on foot heading towards the centre of the town.
Continue a short distance along the pavement, passing a range of local shops and amenities. Number 13/14 Broad Street will be found shortly on your right-hand side.
Please note the access to the property is from the rear opposite the entrance to the car park for The Coaching Inn.
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.
Area
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FAQ
About Broad Street, South Molton, EX36
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