Compact new-build studio with private courtyard — strong rental potential for investors..
Private, enclosed courtyard for ground-floor studio privacy
A compact ground-floor studio in the heart of Tiverton’s café quarter, built in 2023 and finished to a high specification. The apartment is part of a small, contemporary mixed-use development and benefits from a private enclosed courtyard, 10-year BuildZone warranty and thermally efficient construction.
This property is aimed at investors or first-time landlords. Projected rental income is £550pcm giving a potential gross yield in excess of 6%, and the long lease (999 years) simplifies ownership. The fit-out includes integrated appliances, LED-lit cabinetry and modern shower-room fittings — designed to attract quality short- or long-term tenants.
Buyers should note material drawbacks plainly: the local area is classified as deprived with high crime levels and a transitional neighbourhood profile, and broadband speeds are reported as very slow. Heating runs from an electric boiler and mains electricity is the main fuel, which may affect operating costs for some tenants.
Practical ownership notes: service charge arrangements are transitional — currently charged at £50 pcm until the final unit sells, but the service charge is also recorded as £600 (below average) in the data provided; council tax and some service details remain to be confirmed. Overall, this is a clean, low-maintenance new-build studio with clear rental potential if the area profile and utility costs suit your investment strategy.
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