2-bedroom flat · EX20 1SS
Listing removedListed 177 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious unfurnished second floor apartment situated in the town centre.
Due to significant demand we ask that you let us know if the property is of interest whereupon you will be invited to complete a short application form.
We will put forward applications to our client before conducting physical viewings.
Link to application form Location Okehampton is an active and thriving town with a good range of facilities including 3 major supermarkets, a number of chain stores as well as many locally owned shops, major banks and some building societies.
There is a modern hospital, a multi doctor surgery and a sports complex with swimming pool . Most other sports are well catered for - golf, squash, tennis, rugby, shooting to name but a few.
The highly successful community college has Technology College status with outstanding facilities which takes children to 6th Form. The adjacent park is an outstanding feature of the town.
The A30 is easily accessed providing a fast to Exeter (23 miles) and to Cornwall. Directions From the centre of Okehampton turn left into George Street. Turn left again into St James Street.
The access to the flats will be found opposite the diy store.
From the communal hallway, a front door opens to the Entrance Hall Wood laminate flooring, electric wall heater, airing cupboard housing an unvented pressurised hot water cylinder and plumbing for a washing machine.
Living Room/Kitchen A large open plan room with wood laminate flooring, electric wall heater, range of floor and wall units with a built in oven, inset electric hob with an extractor over, inset stainless steel sink, built in fridge with a small freezer compartment, electric wall heater.
Bedroom One Wood laminate flooring, electric wall heater. Bedroom Wood laminate flooring, electric wall heater.
Shower Room A white suite comprising of a fully tiled shower cubicle, pedestal wash basin, close coupled w.c., tiled flooring, extractor fan.
Material Information Water - Mains connection Drains - Mains Electric - Mains Heating - Electric Broadband - Superfast, Ultrafast and Standard available (ofcom) Mobile - All carriers likely (ofcom) ( Three limited) Council Tax Band - A EPC - D
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.
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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 9, 6-8, St James Court, Okehampton
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