Welden & Edwards says ..
Currently an established HMO (house of multiple occupancy), this property provides four bedrooms, a fitted kitchen and basement storage rooms, earning a gross rental income of £24,000 per year.
Property Oracle says ..
This four-bedroom property on Newport Street in Tiverton, Devon, presents itself as a potential investment opportunity or a project for a buyer seeking a fixer-upper. The property’s current use as an HMO provides a valuable income stream. The location is advantageous due to its proximity to several well-rated schools and the relatively affluent Castle Street. However, the property requires significant modernisation. The interiors exhibit dated aesthetics and require renovations to enhance their appeal and functionality. The absence of a garden or any significant outdoor space is a drawback. The lack of information regarding property square footage and the average price per square foot in the area makes it difficult to determine definitively whether the list price of £160,000 is exceptionally good or merely adequate. Potential buyers should factor in renovation costs before making an offer. Further investigation into the property’s specific condition, including any potential structural issues, is recommended before committing to a purchase.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 5
- Location
- 7
- Land
- 1
- Bedrooms
- 4
- Bathrooms
- 1
- Sqft (est)
- 1,364.43
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 273,747.00 £Decreased by 7.23 %
- Est sale value
- 499,381.38 £Increased by 23.65 %
- Average area rental value
- 1,032.00 £/moDecreased by 0.77 %
- Est letting value
- 1,364.43 £/moUnchanged by 0.00 %
- Est rental Yield
- 4.52 %Increased by 6.86 %
- Crime Rate
- 43.00 %Unchanged by 0.00 %
Agent Activity
Welden & Edwards created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Castle Primary School | Foundation School | Good | 0.30 KM |
| Tiverton High School | Foundation School | Good | 0.98 KM |
| Heathcoat Primary School | Foundation School | Good | 1.01 KM |
| St John'S Catholic Primary School | Academy Converter | Requires improvement | 1.08 KM |
| Two Moors Primary School | Foundation School | Good | 1.10 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Castle Street | £ 275,000 | 0 | 0.00 KM |
| Crown Walk | £ 192,500 | 0 | 0.00 KM |
| Park Street | £ 168,333 | 0 | 0.00 KM |
| Bridge Street | £ 0 | 0 | 0.00 KM |
| Coopers Court | £ 0 | 0 | 0.00 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Newport Street, Tiverton | £ 160,000 | BUY | 5 / 10 | 0.00 KM |
| Newport Street, Tiverton, EX16 | £ 186,000 | BUY | 6 / 10 | 0.06 KM |
| Bampton Street, Tiverton | £ 220,000 | BUY | 6 / 10 | 0.06 KM |
| Bampton Street, Tiverton, Devon, EX16 | £ 105,000 | BUY | 5 / 10 | 0.08 KM |
| Bampton Street, Tiverton, Devon, EX16 | £ 89,950 | BUY | 5 / 10 | 0.10 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 16 Newport Street | £ 160,000 | 0.05 KM |
| 24 Newport Street | £ 43,000 | 0.05 KM |
| 22 Newport Street | £ 113,000 | 0.05 KM |
| 24a Newport Street | £ 114,000 | 0.05 KM |
| 32b Bampton Street | £ 90,000 | 0.06 KM |