2-bedroom flat · EX36 3AA
Sold STCListed 179 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A ground floor flat just off the town centre. Open-plan kitchen/dining/living room, two double bedrooms and shower room.
EPC Band E Situation - 4 Queen Street lies just off the centre of the traditional market town of South Molton which offers a comprehensive range of amenities, including schooling from nursery to secondary level, Sainsbury's supermarket, Post Office, pubs, cafes and an abundance of independent and artisan shops.
The town also bustles when the popular twice weekly pannier and weekly stock markets take place.
The recently improved A361 (North Devon Link Road) bypasses the town and provides good access to the regional centre of Barnstaple to the west and to Tiverton, the M5 and Tiverton Parkway train station (London Paddington 2 hours) to the east.
Both Exmoor National Park and the renowned North Devon coastline are within easy reach by car. Description - 4 Queen Street is a ground floor flat close to the centre of the town.
The flat is situated in a period property and internally will be found to be in reasonable decorative order. Ideally suited to a first time buyer or buy to let.
Accommodation - From Queen Street a part glazed door leads into the KITCHEN/LIVING ROOM, the kitchen area comprises fitted units with worktop over, stainless steel sink with mixer tap, space for washing machine, electric cooker with hood over and space for fridge (all included).
Ample space exists for a dining table. The living area has 3 South facing sash windows and there is also a door to a communal hall with a separate entrance on to South Street.
Beyond the kitchen is a passageway with a cupboard housing the boiler and water cylinder. Off the passage way there are TWO DOUBLE BEDROOMS.
The SHOWER ROOM has a corner shower cubicle with mixer shower, WC and vanity wash basin.
The apartment has the benefit of entry either via the side door into Queen Street or via the front door in South Street which is a communal entrance.
Services And Additional Information - Mains electic, water and drainage. Electric heating. Mobile signal from all major providers. Standard, superfast and ultrafast broadband are available (Ofcom).
The property is leashold with the remainder of a 999 year lease (started inn Januray 2012) The property has a third share of the freehold.
Viewing - Strictly by confirmed prior appointment please through the sole selling agents, Stags on .
Directions - From the Square in South Molton proceed on foot towards the Royal Mail sorting office, go past the Cheese Larder and take the first turn to the right into Queen Street, no 4 is the first on the right.
What3words ///transit.aunts.draw
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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 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
Agent & docs
FAQ
About South Molton
Explore nearby