1-bedroom flat · EX36 3DY
Listing removedListed 130 days · slow let
Opportunity summary
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About
Rent includes gas, electric & water An exceptionally well presented one double bedroom ground floor annexe on the periphery of South Molton town centre.
The well maintained property offers spacious accommodation and rear garden area with beautiful countryside views. Single occupancy only. EPC=C. Council Tax Band 'A'.
The property stands back behind a private driveway leading to the main entrance door.
The double glazed and gas centrally heated accommodation is presented to a very high standard throughout and briefly comprises; good sized modern fitted dining kitchen, inner hall, guest cloakroom, lounge with French doors to the rear garden, double bedroom and ensuite shower room.
Charges apply; • Holding deposit; equivalent to one weeks rent, this payment will be deducted from the first month’s rent or paid back to the tenant via bank transfer once referencing has been completed and a tenancy start date agreed.
Please see our terms and conditions for more details. • Late payment of rent; 3% above the Bank of England base rate which, after 14 days can be backdated to the day rent was due.
• Any alternations/variations to the tenancy agreement; £50. • All charges are inclusive of vat. • Any keys or security devices that are lost during the tenancy will be charged to the tenant.
A property cannot be held in reserve until all relevant monies have been paid. Gth are members of the RICS client Money Protection Scheme and are also members of the Property Redress Scheme.
Deans Park is a small and select cul-de-sac set within reach of the town centre and local amenities.
South Molton itself offers an excellent range of everyday services including shops, schools, restaurants, and banks, together with a Sainsbury’s supermarket, health centres, recreational facilities and cottage hospital.
The A361 North Devon Link Road is within easy driving distance providing quick access to the larger regional centre of Barnstaple, as well as Tiverton and the M5 motorway (Junction 27).
South Molton is surrounded by picturesque North Devon countryside with nearby Exmoor offering beautiful moorland scenery with many foot and bridle paths.
The north coast is easily accessible with lovely sandy beaches at Instow, Saunton Sands, Croyde Bay, Putsborough and Woolacombe.
Mainline intercity rail links are available at Tiverton Parkway (London Paddington approx. 2 hours) with international airports at Exeter and Bristol.
Tenant has use of sitting out in the small garden area that landlord will maintain. Hall Under stairs cupboard, Oak flooring, radiator.
Kitchen/Dining Room Range of high quality units, built-in gas hob, electric oven and extractor hood. Integrated fridge, tumble dryer and dishwasher.
Oak floor Living Room Two built in Oak shelving units. Oak floor. Patio doors to outside, radiator. Bedroom Double glazed windows to rear and side elevation, radiator, Oak flooring.
Dressing area with light. Shower Room Pedestal sink, shower cubicle with electric shower and a heated towel rail.
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
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FAQ
About The Annexe, 8, Deans Park, Devon
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