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See how verdicts work2-bedroom flat · EX15 1FZ
For saleReduced £3.3k (−2%) on 25 OctListed 160 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Agent ID: 0200 | Situated towards the end of a peaceful cul-de-sac within the popular town of Cullompton, this spacious first floor apartment offers an excellent opportunity for first-time buyers, investment purchasers, or those seeking a convenient ‘lock up and leave’ property.
The apartment benefits from allocated parking, a communal garden, and well-presented accommodation throughout.
The property forms part of a small development comprising just three apartments, with only one apartment located on each floor.
Access is gained via a secure telecom entry system leading into the communal entrance hall. Inside, the apartment offers a generous entrance hallway with two useful storage cupboards.
The spacious open-plan sitting/dining room enjoys dual aspect windows, allowing plenty of natural light into the room and providing excellent space for both living and dining furniture.
Leading from the living area is the fitted kitchen, comprising a range of matching wall and base units with tiled splashbacks, together with space for appliances.
Integrated appliances include a four-ring gas hob with electric oven beneath and extractor hood over, whilst a front aspect window provides additional natural light.
The property offers two generous double bedrooms, both enjoying front aspect windows, together with the bathroom fitted with a white suite and electric shower over the bath.
Externally, the apartment benefits from one allocated parking space, together with additional on-street parking available nearby on a first-come, first-served basis.
Residents also have use of a delightful communal garden area. Property Information - TENURE: Leasehold - 125 years from 1 January 2007. SERVICE/MAINTENANCE CHARGE - £2,162.65 per annum.
GROUND RENT - £225 per annum | CONSTRUCTION: Standard Construction | COUNCIL TAX: Band B - Mid Devon District Council – £2,007.97 (Council Tax charge for 2025/2026) Single occupants receive a 25% discount | UTILITIES: Gas, Electric, Water and Drainage - all mains connected | PARKING - Allocated parking space for one car | SCHOOL CATCHMENT - Primary - St Andrew's Primary School.
Secondary - Cullompton Community College (Devon County Council) | What3Words Raleigh Drive is conveniently located for Cullompton’s local amenities, schools and transport links, with easy access to Junction 28 of the M5 motorway and regular bus services connecting to Exeter and the surrounding areas.
Cullompton offers swift access to Exeter via Junction 28 of the M5 motorway or the B3181 main road, as well as rail links at nearby Tiverton Parkway and Honiton stations.
The Falcon coach service also provides economical travel between Plymouth and Bristol, with stops including Bristol Airport.
Cullompton is a charming market town in Mid Devon, known for its history, surrounding countryside and strong sense of community.
Situated near the M5 motorway, it offers convenient access to Exeter, Taunton and beyond, making it an ideal location for commuters.
The town features a Tesco supermarket, Aldi and Home Bargains, alongside many independent eateries, shops and hairdressers.
Local amenities include two primary schools, a secondary school, library, sports centre and doctors’ surgeries.
Surrounded by beautiful countryside, it is perfect for outdoor enthusiasts, with the Blackdown Hills and Exe Valley nearby.
Cullompton combines rural life with modern conveniences, making it a desirable place to live.
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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Agent & docs
FAQ
About Flat 2, 27 Raleigh Drive, Cullompton, Devon
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