2-bedroom flat · EX20 1SQ
Listing removedListed 198 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An immaculate two bedroom apartment set within beautiful grounds on the edge of Okehampton whilst still being within walk-able distance of amenities.
A private balcony access from the bedroom looks out over Okehampton and Dartmoor. To do our bit to slow the spread of Covid, we are trying to decrease the number of face to face viewings.
Please watch the online virtual viewing and let us know if the property is of interest. We will put forward applications to our client before conducting physical viewings.
Details Type of Tenancy - 6 month shorthold Rent Payable - £795 per calendar month in advance exclusive of rates (plus water/sewerage standing charge £10 per month) Deposit - £915 Unfurnished apart from cooker Council Tax Band - A Services - Mains water, drainage, gas and electric (coin meter).
Good references are required before a tenancy can be considered. Ideally these should be from your employer (or former employer if you are unemployed), your present or former landlord and your banker.
A credit check will also be required.
Monies held for tenants and landlords is in a specific client account and is protected by the governments approved client money protection service Client Money Protect'.
Tenancy Procedure The procedure to apply for a property is as follows.
Tenants are asked to complete application forms for referencing which are submitted to Rent4sure who are an independent reference agency.
A holding deposit equivalent to one weeks rent is payable upon receipt of a draft tenancy. This will be non refundable should the tenant change their mind and not proceed with the tenancy.
Please do not hesitate to contact us with any questions or concerns regarding the application procedure.
We aim to make the process as easy as possible and are always happy to help and do what we can to move you in to your new home.
Living Room/Dining Room Kitchen A newly installed kitchen of floor and wall units, inset stainless steel sink, built in electric oven, inset induction hob with a matching extractor hood over, vinyl floor covering.
Bedroom One With a shower en-suite Bedroom Two With a shower en-suite.
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.
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 advisers 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
Agent & docs
FAQ
About Flat 8, Upcott House, OKEHAMPTON
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