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See how verdicts work3-bedroom house · TQ12 6TD
Listing removedReduced £10k (−8.3%) on 8 JulListed 230 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Well-presented three-bedroom home available on a shared ownership basis. Features a spacious lounge, modern kitchen/dining room, downstairs W.C., three good-sized bedrooms and a family bathroom.
Benefits include a low-maintenance rear garden and allocated parking. Ideal first-time purchase.
The Ground Floor Features a welcoming entrance hall leading to a generous lounge, providing a comfortable space for relaxing or entertaining.
To the rear, the bright and modern kitchen/dining room offers ample worktop and storage space, with plenty of room for a family dining table and direct access to the garden - perfect for everyday living and social occasions.
A convenient downstairs W.C. Completes the ground floor.
The First Floor Offers three well-proportioned bedrooms, including a spacious principal bedroom, a good-sized second bedroom, and a versatile third bedroom ideal as a nursery, home office, or guest room.
The family bathroom is fitted with a bath and overhead shower, wash basin, and W.C.
To The Outside The home benefits from a low-maintenance, spacious rear garden, ideal for those seeking outdoor space without the upkeep, as well as allocated parking directly behind the garden, with gated access for added convenience.
Location Heathfield has easy access to the A38 Devon Express Way linking the cities of Exeter and Plymouth and provides a local Post Office/General Store, take away, bus service and highly regarded primary school.
The market town of Newton Abbot is approximately 4 miles away and offers a good range of shopping and leisure facilities as well as a mainline railway station.
The renowned Dartmoor National Park is also within a short drive with many rural walking accessible from the property.
Directions What3words: Linen.leaps.squabbles Agents Notes (Material Information) Tenure: Leasehold.
180 years remaining on lease as of 2026 (Share Ownership) Monthly Payment: £391 (rent on 50%, service charge and ground rent combined) Council Tax - C (Teignbridge District Council) Mains Services: Gas, electricity, water and drainage Heating: Gas central heating Parking: 1 Allocated Parking Space Please note: This is a shared ownership property, Available to purchase at a 50% share for £120,000 subject to meeting the required criteria for a shared ownership home.
Value & comps
No previous sales on record.
Returns
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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 3, Oliver Place, Newton Abbot
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