2-bedroom flat · EX38 8HS
To rentListed 33 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***water included within rent*** Found overlooking Torrington town square is this immaculately presented 2 bedroom maisonette arranged over 3 floors.
The shared communal entrance (with yh Beauty Salon) gives access to the flat entrance door. From here an elongated entrance hallway leads up to the first floor landing.
From here you can access the galley kitchen which opens out into a spacious living room overlooking the square, along with a large cupboard ideal for storage.
The second bedroom is also accessed on this level, with stairs leading up to the second floor landing which leads to the main bedroom overlooking the square and also the modern 3 piece bathroom.
The property is available from now. EPC Rating: D. We have been advised that the council tax is band A (information taken from council tax checker).
The water is mains supplied and serviced by mains sewerage. (Please note that the rent includes water and sewerage) The electricity is supplied by mains electric.
The heating is served by independent electric room heaters. There is no gas available at the property. Fibre broadband is available (information pertaining to speeds are available from or ).
Please note that it is not the landlords responsibility to provide a fixed telephone line to the property and any prospective tenant should check this before committing to a tenancy.
Mobile phone coverage: Available indoors and outdoors (see Ofcom checker for further information) Agents note: There is no parking available with this property.
The rent for the property is £775.00 per calendar month, exclusive of all outgoings and payable monthly in advance. The property will be let on a six-month assured shorthold tenancy.
Please note that if this property is offered to you, then you will be required to pay the equivalent of 1 week`s holding fee to secure the property, this will be £178.00 and will go against the first month`s rent in advance.
In addition to the first month`s rent, a deposit of £894.00 will be required. Bond Oxborough Phillips Lettings will pay the deposit to the Deposit Protection Service dps, (the government run scheme).
Following receipt of the deposit, The dps will provide confirmation to you.
The full details are available on their website Please Note: When a property is offered to you subject to references and contract, each individual aged 18 or over will be required to complete a reference application form.
Please Note Permitted Payments: - One weeks holding deposit to secure property.
This will go against the first months rent providing that you do not withdraw your application or do not disclose vital information.
- £50 Inc VAT administration fee for any changes to the tenancy (when requested by the tenant).
- Early termination fee (only when agreed in writing from the landlord), £50 Inc VAT administration fee plus any agreed reasonable costs (as agreed with landlord).
- Lost Keys / Security Devices, replacement will be charged at cost to the tenant. Charges can be upto £50 Inc VAT. - Late rent.
We reserve the right to charge interest; this can be added to each day after the rent due date.
Charged at an annual percentage rate of +3% above the Bank of England base rate until full payment is made. The property is let as seen. Standard references will be required.
Please note that all measurements are only approximate and are purely given as a guide. Please refer to Bond Oxborough Phillips Lettings guidance notes for prospective tenants.
If you would like to view the property, or if you require any further information, please do not hesitate to contact Bond Oxborough Phillips Lettings.
Viewing is strictly through Bond Oxborough Phillips lettings and by appointment only. Bond Oxborough Phillips Torrington obtains Client Money protection through cmp (Client Money Protect).
Membership no: CMP003350 Bond Oxborough Phillips Torrington are members of The Property Ombudsman.
Membership No: R00193-3 Directions From our office, proceed on foot bearing to the right onto Fore Street.
Proceed to where Allied Pharmacy is located and turn right into the churchyard, follow the path towards leading up to New Street.
Approximately half way along the entrance will be found on your right hand side with Bank House nameplate on the front door.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Flat 1, Bank House, Great Torrington
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