2-bedroom flat · EX15 1LD
Listing removedListed 119 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This spacious, first floor flat is spread over two floors with a modern kitchen and shower room, and is conveniently located in the heart of Cullompton with town centre amenities on it's doorstep.
EPC: C This spacious first floor flat, is spread over two floors. The entrance hall branches off to a cloakroom, an open plan kitchen living room and the smaller of the two double bedrooms.
Upstairs there is a modern shower room and a good sized double bedroom. The flat is conveniently situated right in the heart of Cullompton with the towns amenities within easy reach.
The cathedral city of Exeter lies only 20 to 30 minutes’ drive away and can be accessed via the B3181 main road or the M5 motorway.
Junction 28 of the M5 is just minutes away, leading south to Exeter and to all points north, including nearby Junction 27 with Tiverton Parkway station at Sampford Peverell, with regular inter city services.
The moors of Exmoor and Dartmoor and the North and South Devon coastlines, all lie within a moderate car journey and are enjoyed by many living in the Cullompton area within easy reach of the M5 corridor.
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 week’s 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 1, Shepherds Court, Cullompton
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