Studio flat · EX32 7DX
Listing removedListed 71 days · slow let
Opportunity summary
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About
A ground floor studio flat located on Bear Street, Barnstaple, within walking distance of the town centre.
Description - A well-presented ground floor studio flat offering comfortable and practical living accommodation, comprising an open plan lounge/bedroom with a kitchenette and en-suite shower room.
The property is offered unfurnished, with existing carpets/flooring and curtains to remain. Electric heating and hot water. The property will be available for occupation from 21st August 2026.
Key Information (Costs) Monthly Rent: £525.00, payable in advance Tenancy Deposit: £605.76 (equivalent to 5 weeks’ rent) Holding Deposit: £121.15 (equivalent to 1 week’s rent) This is paid to reserve the property and will be deducted from the first month’s rent or tenancy deposit upon move-in.
It is not an additional fee. Total Move-In Cost (Example): £1,130.76 This includes the tenancy deposit and first month’s rent, with the holding deposit already taken into account.
Council Tax Band: A Utilities: Not included – the tenant will be responsible for all bills and outgoings Parking: The flat benefits from an off road parking space for one car.
Furnishing: Unfurnished Accessibility: Ground floor property Tenancy Information This property will be let on a periodic assured tenancy with no fixed term.
The tenancy will continue on a rolling basis until ended by the tenant giving notice, or by the landlord in accordance with statutory grounds for possession.
Pets Pets will be considered, and consent will not be unreasonably withheld, subject to the suitability of the property.
Tenant Requirements All applicants will be subject to referencing and affordability checks. A household income of approximately £15,750 per annum would typically be required.
Where this is not met, a suitable UK-based guarantor may be considered (income guideline £18,900 per annum).
Fees and Deposits In line with the Tenant Fees Act, no charges are payable for referencing, administration, or tenancy setup.
The tenancy deposit will be protected in a government-approved tenancy deposit scheme (MyDeposits).
The holding deposit will be applied towards the first month’s rent or tenancy deposit upon move-in, or retained/refunded in line with statutory provisions.
Additional Information Energy Performance Certificate (EPC) available on request. All measurements are approximate and provided for guidance only.
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
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.
Area
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FAQ
About Studio Flat, Bear Street, Barnstaple
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