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See how verdicts work1-bedroom flat · EX17 3AW
Listing removedReduced £5k (−5.9%) on 21 JunListed 342 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold This larger than average apartment is beautifully presented and found on the 1st floor with a lovely peaceful outlook over the park and bowling green and with a west facing aspect enjoying the evening sun.
Redvers House is centrally located with the High Street’s shops & café’s & bus transport links all close to hand.
The flat itself, in immaculate condition, includes an open plan living/kitchen/dining room enjoying lovely views over the park.
There’s an array of modern units in the kitchen with oven, electric hob and space for fridge/freezer. The large double bedroom with fitted wardrobes. The bathroom is spacious with a large shower.
The property has uPVC double glazing and electric heating.
There is a scheme manager regularly on site, emergency cords in most rooms, residents lounge, guest accommodation for family visits, lift and stairs serving all floors, private gated entrance to the park, a laundry area and limited parking to the rear.
The property is leasehold and has a 125 year lease from 1985. The service charge is currently £290 pcm. Please see the floorplan for room sizes.
Council Tax: Mid Devon Band A 2025/26 £1,744.00 Utilities: Mains electric, water, telephone & broadband Fastest broadband speed within this postcode: Ultrafast 1000mbps Drainage: Mains drainage Heating: Electric Listed: No Conservation area: Yes Tenure: Leasehold – 125 years from 1985, service charge is approx.
£290.95 per month and residents must be at least 60 years old. Buyers' Compliance Fee Notice: Please note that a compliance check fee of £25 (inc.
VAT) per person is payable once your offer is accepted. This non-refundable fee covers essential id verification and anti-money laundering checks, as required by law.
Boundary positions, access rights and parking arrangements have been provided by the seller, and any land plans shown are for identification purposes only.
We have not seen the title deeds or other legal documents, and buyers should confirm exact details and ownership responsibilities with their conveyancer.
We’re informed by the seller that the property is leasehold. Buyers should confirm the remaining term, ground rent, service charge and any review or management fees with their conveyancer.
Buyers should also confirm any restrictions on alterations, subletting or use with their conveyancer.
Crediton is a vibrant market town with a bustling high street full of independent shops, eateries, and pubs.
In recent years a diverse arts scene has grown to include all manner of mediums, with the performing arts making use of the town’s market square where, in the summer months, a range of activities take place.
The market square is also home to the town’s twice-monthly farmer’s market. The town has an equally significant past.
It was originally the first Bishopric in Devon and the imposing Parish Church of The Holy Cross now stands where once stood Devon’s first Saxon cathedral (909-1050AD).
It is also the birthplace of Saint Boniface, one of the founding fathers of the Christian church in Europe.
Easily commutable to Exeter and with two primary schools, a secondary school with sixth form as well as a wide range of necessary amenities, it’s clear why the town is a firm favourite with locals and relocators alike.
Directions: Redvers House is located between Crediton High Street & the war memorial, on Union Road opposite the iron railings. For Sat Nav: EX17 3AW What3Words: ///hood.improving.inflation
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
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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.
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FAQ
About Flat 12, Redvers House Union Road, Crediton
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