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See how verdicts work2-bedroom house · EX32 9FA
Listing removedListed 302 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Chequers Estate Agents are delighted to offer this lovely two double bedroom Shared Ownership home in Newport, Barnstaple.
Well presented throughout, the property features a modern kitchen/diner with integrated appliances and space for a dining table, flowing into a cosy living room with doors to the fully enclosed garden.
Two double bedrooms are located on the first floor, alongside a modern bathroom. Externally, there is off-road parking and a fully enclosed garden.
Offered with a 40% share at £110,000, managed by Sanctuary Housing, this home is perfect for first-time buyers looking to step onto the property ladder.
Chequers Estate Agents are delighted to present to the market this charming Shared Ownership property in Newport, a highly desirable area of Barnstaple.
Offered for sale with a 40% share at £110,000, this lovely two double bedroom property is well presented throughout and provides an excellent opportunity for those looking to step onto the property ladder.
Managed by Sanctuary Housing, the home combines modern comfort with the convenience of a sought-after location.
The property features a welcoming entrance leading into a spacious and bright living area, perfect for relaxing or entertaining.
The kitchen/diner is well-appointed with ample work surface and storage space, integrated appliances including oven, hob, and extractor, and space for a dining table, a perfect space to entertain family and friends.
The kitchen/diner leads seamlessly into the cosy living room with double doors giving access to the fully enclosed garden.
On the first floor, there are two generously proportioned double bedrooms, offering comfortable accommodation, while the modern bathroom completes the layout.
Externally, the property benefits from a fully enclosed garden, ideal for enjoying outdoor space with friends or family. Off-road parking is available, adding to the convenience of this home.
This is a fantastic opportunity to purchase a shared ownership property in a highly sought-after area, and early viewing is highly recommended to avoid disappointment.
Entrance Hallway A spacious and welcoming entrance hallway with stairs rising to the first-floor landing. There is useful cupboard space housing the fuse board, a radiator, and lvt flooring.
Cloakroom (1.55m x 1.04m) A practical ground-floor cloakroom comprising a WC, pedestal wash hand basin, radiator, and lvt flooring.
Open Plan Kitchen / Dining Room / Living Area Kitchen / Diner (5.2m x 2.57m) A peaceful, modern kitchen offering ample cupboard and work surface space.
Fitted with matching wall cabinets and drawers, it includes a stainless steel single sink set into the worktop with cupboards beneath, an integrated single oven with four-ring induction hob and extractor above, space for a washing machine, and room for an upright fridge freezer.
The kitchen also features a wall-mounted boiler supplying the central heating system and a double-glazed window to the front elevation.
The kitchen flows seamlessly into a dining area, perfect for entertaining, with space for a large table, radiator, and lvt flooring.
Living Area (4.78m x 2.74m) A bright and spacious living area with double-glazed windows and doors to the rear, overlooking and providing access to the fully enclosed garden.
The room benefits from a useful under-stairs cupboard, a radiator, and lvt flooring throughout.
First Floor Landing A spacious landing with a useful airing cupboard providing plenty of shelving, access to the loft, and fitted carpet.
Bedroom One (3.96m x 2.84m) + Recess A generous double bedroom with a double-glazed window to the rear elevation overlooking the garden.
This room features triple fitted wardrobes with mirrored doors, providing ample hanging space, a radiator, and fitted carpet.
Bedroom Two (3.73m x 2.64m) A further double bedroom with a front-facing double-glazed window and fitted mirrored wardrobes offering excellent storage. The room has a radiator and fitted carpet.
Bathroom (2m x 2m) A modern three-piece suite comprising a shaped bath with rainfall shower over, a WC, and a vanity sink unit.
The bathroom has a double-glazed window to the front elevation, a radiator, and lvt flooring.
Outside To the front of the property, there is a small garden laid to lawn with a patio pathway leading to the front door. Off-road parking is available for one car.
A side gate provides access to the rear garden, which is fully enclosed, offers a degree of privacy, and features a sharp flower border and patio area, ideal for outdoor dining.
The property benefits from owned solar panels, which will transfer with the sale. Charges The Rent is currently £402.20 The Service Charge is currently £55.94 Total amount £458.14 a month
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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 23, St. Josephs Close, Devon
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