1-bedroom flat · EX16 4JD
Listing removedListed 116 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Suitable for a single occupant and over 55's only, this smart one bedroom retirement apartment is built in the grounds of The Larches care home near the Grand Western Canal and includes water and heating in the rent.
EPC: C This first floor retirement apartment is in a quiet position at the back of the building. The front door leads into an entrance hallway, which branches off to all other rooms.
The living area is open plan to the kitchen which is modern with an integrated fridge, freezer, dishwasher, oven, hob and microwave. The living area has space for lounge furniture and a dining table.
The bedroom is a double room and there is a spacious shower room.
The apartment offers a security intercom system and there is lift access making the property easily accessible to those with limited mobility. Fig Tree Court has excellent communal facilities.
Within the development is a residents day lounge, a laundry room, communal gardens including a drying space for washing, and car parking.
The development is located about a mile from the town centre with a regular bus service running back and forth - the bus stops right outside.
Amongst other town centre shops and facilities is Marks and Spencer Simply Food Store and Banbury’s department store.
The bus service runs regularly to Exeter to the south and Tiverton Parkway Station for travel further afield.
Just a short distance away is the Grand Western Canal along which are some lovely level walks.
The property is for single occupants over 55 years of age only and underfloor heating and water are included within the rent.
Permitted Payments As well as paying the rent, you may also be required to make the following permitted payments.
Before the tenancy starts (payable to Seddons Lettings ‘the Agent’) Holding Deposit: 1 week’s rent Deposit: 5 weeks’ rent The holding deposit, the equivalent of one weeks rent, will be allocated to the first month’s rent once satisfactory references have been received.
The holding deposit is non-refundable, if a tenant withdraws their application once referencing has commenced or, if misleading information is provided or information is withheld on the application form.
For full details of all permitted Tenant Fees payable when renting a property through Seddons please refer to the Scale of Tenant Fees available on Seddons website, office or on request.
For further clarification before arranging a viewing please contact the lettings office dealing with the property.
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
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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.
Area
Agent & docs
FAQ
About Flat, 4, Fig Tree Court, Tiverton
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