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About This Property

Discover what makes this home special

The Chinley is a charming one-bedroom apartment located in the rural town of Tiverton, Devon. Offering a well-designed living space that combines a modern kitchen and lounge area, this property is ideal for first-time buyers or investors seeking a peaceful setting. The apartment benefits from a separate bedroom and a full bathroom, providing comfortable accommodation in a tranquil environment. Its location offers a quiet lifestyle while still providing access to essential amenities and transport links.

Situated just a short drive from Tiverton Parkway railway station, residents can enjoy convenient connections to Exeter and beyond, making it suitable for commuters. The surrounding area is characterized by green spaces and local shops, contributing to a relaxed and community-focused atmosphere. With ongoing developments nearby, including new residential and retail projects, this property presents potential for future growth and increased demand.

Property Features

This apartment features a spacious open-plan kitchen and lounge area, designed with modern fittings and ample natural light. The single bedroom is well-sized, providing a comfortable retreat, while the bathroom includes a full suite with bath, sink, and toilet. The property is situated on the ground floor, offering easy access without stairs. Double glazing throughout ensures energy efficiency and noise reduction. Parking facilities are available nearby, enhancing convenience for residents.

One bedroomOne bathroomOpen-plan kitchen and loungeGround floor apartmentModern fittingsDouble glazing+1

Local Amenities

Located in Tiverton, the property benefits from proximity to a range of local amenities including shops, supermarkets, and dining options in the town centre. Educational needs are served by nearby primary and secondary schools such as Tiverton High School and Blundell's School. Outdoor enthusiasts can enjoy local parks and recreational spaces. The Tiverton Parkway station provides rail connections to Exeter and other major cities, while bus services offer additional local transport options. Community centres and cultural venues add to the area's welcoming atmosphere.

Tiverton town centreTiverton Parkway stationLocal primary schoolsTesco SuperstoreTiverton MuseumLocal parks+2
Tiverton Parkway Train Station (3.7 miles, 10 mins drive) • 40 mins by car to Exeter

Estimate Calculator

Mortgage Calculator

25%
25
4.5%
Monthly Payment-
Purchase Costs
Total Price£115,000
Mortgage Deposit-
Stamp Duty-
Deposit Contribution£0
Searches & Other£1,500
Legal Fees£2,000
Total Cash Required-
Monthly Costs & Income
Estimated Service Charge£48/mo
Estimated Ground Rent£4/mo
Mortgage-
Landlord's Insurance£25/mo
Agency Fees-
Est. Rent-
Net Monthly-

Mortgage Calculator

10%
25
4.5%
Monthly Payment-
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Purchase Costs
Total Price£115,000
Mortgage Deposit-
Stamp Duty-
Deposit Contribution£0
Searches & Other£1,500
Legal Fees£1,500
Total Cash Required-
Monthly Costs
Estimated Service Charge£48/mo
Estimated Ground Rent£4/mo
Mortgage-
Home Insurance£30/mo
Total Monthly-

International Suitability

Moderate Opportunity
55/100
ChallengingModerateGoodExcellent
Quiet rural location
Limited public transport options
Potential for rental demand from local workers
Lower international recognition of area

International Buyer Calculator

35%
20
5.5%
Monthly Payment-
Specialist international mortgagesSpeak to a broker experienced with non-UK resident buyers
Get Advice
International buyers typically require 25-40% deposit with limited lender options
Purchase Costs (Non-UK Resident)
Total Price£115,000
Mortgage Deposit (Min 25%)-
Stamp Duty + 2% Surcharge-
Legal Fees (Intl Complex)£3,500
AML & ID Verification£500
Bank Transfer Fees£1,000
Total Cash Required-
Monthly Costs & Income
Estimated Service Charge£48/mo
Estimated Ground Rent£4/mo
Mortgage-
Full Management (10%)-
Landlord's Insurance£35/mo
Est. Rent-
Net Monthly-
Key Considerations for International Buyers
+2% Stamp DutyAdditional surcharge for non-UK residents on property purchases
Higher DepositMost lenders require 25-40% deposit for non-UK residents
AML ComplianceEnhanced due diligence and source of funds verification required
Property ManagementFull management service recommended for overseas landlords

Investment Analytics

Key metrics for investors & buyers
Gross Rental Yield
4.6%
Based on £441/mo rent
Area Price Growth
+0.1%
Average annual increase
5-Year Value Forecast
£115,576
+£576 projected gain
5-Year Rent Forecast
£542/mo
Based on 4.2% annual growth
Price per Sq Ft£240
Annual Rent Income£5,292
10-Year ROI184%
Break-Even Point25 yrs

Property Value Projection

Based on 0.1% annual growth
£115,576
5yr
£116,155
10yr
£116,737
15yr
£117,322
20yr
£117,910
25yr
Current: £115,000

Monthly Rental Income

Based on 4.2% annual growth
£542
5yr
£665
10yr
£817
15yr
£1,004
20yr
£1,233
25yr
Current: £441/mo
* Projections are estimates based on historical market data and are not guaranteed. Past performance does not indicate future results.

Property Features

Local Area & Amenities

Floorplans

Ground Floor

Property Floorplan

Site Plan

Site Plan

Location

Commute Time Planner

Exeter St Davids
15 mins
40 mins
Bristol Temple Meads
1h 15m
1h 10m

Location Scores

45
Walk Score
Car-Dependent
30
Transit Score
Some Transit
40
Bike Score
Somewhat Bikeable
View Location Details

Future Developments Nearby

Residential and Retail+Positive Impact
Tiverton Eastern Urban Extension
1.5 milesEst. 2025
* Information based on local planning applications and may be subject to change

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£115,000
AvailableNB0000055136
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The Chinley

South Molton, south west, South Molton EX36 4GH
Molbrook
1
Bedrooms
1
Bathrooms
480
Est. Sq ft
apartment
Type

Developer

Wain Homes
Available Plot Numbers
170
1 plot(s) available
Ownershipleasehold

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£115,000The Chinley

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The Chinley
The ChinleySouth Molton, south west£115,000

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