House For Sale £2,330,000
INVESTMENT OPPORTUNITY! - Exceptionally rare investment opportunity in the heart of Tiverton - Already fully tenanted and generating an income of more than £125,000 pa, Ford House is a stunning development of 18 self- contained flats. Set within beautiful grounds of nearly an acre and fully refurbished to a high specification in circa 2011, and subsequently in [ 2021/ 2022].
Additionally planning permission has been granted for two additional flats in the attic space and there is also the scope to build two new houses within the gardens (STNC) .
Offering a host of possibilities, the extra flats will be available to buy separately, and while the existing accommodation can either be sold as one complete property or split between several investors. Perfectly placed for tenants merely moments from the high street and local schools, its selection of studio, one and two bedroom homes benefit from a secure Entryphone system and a service lift to all floors.
Tiverton is a thriving Mid-Devon Town offering excellent employment opportunities whilst the town offers numerous superstores including Tescos, Morrisons and Lidl. Tiverton Parkway mainline station is situated within a 6-mile drive with direct links to London Paddington with the A361 (North Devon link road) linking up with the M5 from which Taunton and Exeter can be easily reached and Exeter city airport can be reached within half an hour and Tiverton Golf Club and Football/Rugby and leisure centres are all within easy reach.
Step Inside - Sitting adjacent to the Grade I listed 17th century architecture of the original Blundell's School, Ford House looks out onto the tranquillity of nearly an acre of glorious gardens that have ample scope to incorporate two houses (STNC). Dating back to 1891, today this detached and purposed built complex offers an incredibly rare investment proposition for this historic Devon town and provides a superb work/life balance to its tenants.
Fully refurbished to a commendable specification both inside and out in circa 2011, and subsequently in [ 2021/ 2022]. The 18 self-contained flats pepper a magnificent three storey layout that unfolds over 7608 sq ft. Fully tenanted and currently generating an annual income of over £125,000, planning permission has already been granted to extend its considerable accommodation further still with two additional flats in the existing attic. This is an outstanding chance to acquire the entire 18 flats as one single lot with the added option to buy the attic flats and garden houses separately. It's good to note however that the development could also easily be divided between 2 or 3 individual investors if needed.
Behind a distinguished double fronted facade, notably maintained communal hallways flow from a central hallway instantly hinting at the sense of space on offer and generating an inviting first impression to tenants. A communal lift and staircases give easy access to each floor for all demographics and each flat benefits from a secure entryphone system and electric heating.
Filled with light, modern and stylish, the considered refurbishment of each abode included new kitchens, bathrooms and carpeting, as well as double glazing and interior doors, and each and every flat is arranged to allow the beautifully kept communal gardens to add an idyllic backdrop. Collectively and individually, their stylish yet functional layouts have been cleverly designed to maximise space and produce an admirable quality of life.
Stretching out across the full depth of each floor, 10 one bedroom and 2 two bedroom homes open onto covered private balconies that lend enviable extensions of their generous open plan kitchen/living rooms, while 6 studio apartments enhance the appeal of this period property to a wide spectrum of future tenants.
Tastefully chosen and made by the bespoke manufacturer Raynsford Furniture, the kitchens are supremely well appointed with refined Shaker cabinetry topped with sleek contemporary countertops combining to produce a wealth of storage and workspace. Their array of integrated appliances provides every convenience for today's modern lifestyle while the attention to detail is reflected in the cohesive finishing touches. Living spaces are ideally sized to both relax and entertain, and bath/shower rooms all have high quality white suites.
Step Outside - Beautifully framed by statuesque trees the capacious communal gardens of Ford House elevate its appeal to tenants providing a breath-taking wow factor and giving them a heavenly retreat to recline in the summer sun, enjoy al fresco entertaining and allow children to play.
These exceptional grounds include 2 allocated parking spaces that are an added plus point for some, while the central location of being merely a leisurely stroll to the hubbub of the high street means that the majority of people looking to rent a flat in Ford House have no need for a vehicle. Those that do generally opt for a scooter or rent parking space nearby.
Ford House Entrance - Leading off station road to the side of Vale Vets the entrance is accessed through an allocated parking area with designated bin storage area and pathway leading to the communal entrance doors.
Communal Entrance And Entrance Hall - Offering an entrance door and entry phone system leading into the entrance hall with stairs leading to the first and second floor landings.
Flat 1 - A ground floor studio flat offering a large reception room with open plan modern fitted kitchen and separate white suite shower room benefitting from security entryphone system, electric heating and large window over looking the communal garden to the rear.
Flat 2 - A ground floor one bedroom flat offering an entrance hall leading to a large bedroom with en-suite bathroom/shower room and large reception room with open plan modern fitted kitchen and door leading out to the balcony offering stunning views over the communal gardens benefitting from electric heating and large windows to the rear over looking the balcony and stunning communal gardens.
First Floor Landing -
Flat 7 - A first floor studio flat offering a large reception room with open plan modern fitted kitchen and separate white suite shower room benefitting from security entryphone system, electric heating and large window over looking the communal garden to the rear.
Flat 8 - A first floor one bedroom flat offering an entrance hall leading to a large bedroom with en-suite bathroom/shower room and large reception room with open plan modern fitted kitchen and door leading out to the balcony offering stunning views over the communal gardens benefitting from electric heating and large windows to the rear over looking the balcony and stunning communal gardens.
Second Floor Landing -
Flat 13 - A second floor studio flat offering a large reception room with open plan modern fitted kitchen and separate white suite shower room benefitting from security entryphone system, electric heating and large window over looking the communal garden to the rear.
Flat 14 - A second floor one bedroom flat offering an entrance hall leading to a large bedroom with en-suite bathroom/shower room and large reception room with open plan modern fitted kitchen and door leading out to the balcony offering stunning views over the communal gardens benefitting from electric heating and large windows to the rear over looking the balcony and stunning communal gardens.
Communal Entrance And Entrance Hall - Offering an entrance door and entry phone system leading into the entrance hall with service lift and stairs leading to the first and second floor landings.
Flat 3 - A ground floor one bedroom flat offering an entrance hall leading to a large bedroom with en-suite shower room and large reception room with open plan modern fitted kitchen and door leading out to the balcony offering stunning views over the communal gardens benefitting from electric heating and large windows to the rear over looking the balcony and stunning communal gardens.
Flat 4 - A ground floor one bedroom flat offering an entrance hall leading to a large bedroom with en-suite shower room and large reception room with open plan modern fitted kitchen and door leading out to the balcony offering stunning views over the communal gardens benefitting from electric heating and large windows to the rear over looking the balcony and stunning communal gardens.
First Floor Landing - Offering a service lift and stairs leading to the second floor landing.
Flat 9 - A first floor one bedroom flat offering an entrance hall leading to a large bedroom with en-suite shower room and large reception room with open plan modern fitted kitchen and door leading out to the balcony offering stunning views over the communal gardens benefitting from electric heating and large windows to the rear over looking the balcony and stunning communal gardens.
Flat 10 - A first floor two bedroom flat offering an entrance hall leading to a large bedroom with en-suite shower room and large reception room with open plan modern fitted kitchen and door leading to a second bedroom and further door leading out to the balcony offering stunning views over the communal gardens benefitting from electric heating and large windows to the rear over looking the balcony and stunning communal gardens.
Second Floor Landing - Offering a service lift and and large storage cupboard housing mains electrics, t.v points and loft hatch leading to attic space.
Flat 15 - A second floor one bedroom flat offering an entrance hall leading to a large bedroom with en-suite shower room and large reception room with open plan modern fitted kitchen and door leading out to the balcony offering stunning views over the communal gardens benefitting from electric heating and large windows to the rear over looking the balcony and stunning communal gardens.
Flat 16 - A second floor two bedroom flat offering an entrance hall leading to a large bedroom with en-suite shower room and large reception room with open plan modern fitted kitchen and door leading to a second bedroom and further door leading out to the balcony offering stunning views over the communal gardens benefitting from electric heating and large windows to the rear over looking the balcony and stunning communal gardens.
Communal Entrance And Entrance Hall - Offering an entrance door and entry phone system leading into the entrance hall with stairs leading to the first and second floor landings.
Flat 5 - A ground floor one bedroom flat offering an entrance hall leading to a large bedroom with en-suite bathroom/shower room and large reception room with open plan modern fitted kitchen and door leading out to the balcony offering stunning views over the communal gardens benefitting from electric heating and large windows to the rear over looking the balcony and stunning communal gardens.
Flat 6 - A ground floor studio flat offering a large reception room with open plan modern fitted kitchen and separate white suite shower room benefitting from security entryphone system, electric heating and large window over looking the communal garden to the rear.
First Floor Landing -
Flat 11 - A first floor one bedroom flat offering an entrance hall leading to a large bedroom with en-suite bathroom/shower room and large reception room with open plan modern fitted kitchen and door leading out to the balcony offering stunning views over the communal gardens benefitting from electric heating and large windows to the rear over looking the balcony and stunning communal gardens.
Flat 12 - A first floor studio flat offering a large reception room with open plan modern fitted kitchen and separate white suite shower room benefitting from security entryphone system, electric heating and large window over looking the communal garden to the rear.
Second Floor Landing -
Flat 17 - A second floor one bedroom flat offering an entrance hall leading to a large bedroom with en-suite bathroom/shower room and large reception room with open plan modern fitted kitchen and door leading out to the balcony offering stunning views over the communal gardens benefitting from electric heating and large windows to the rear over looking the balcony and stunning communal gardens.
Flat 18 - A second floor studio flat offering a large reception room with open plan modern fitted kitchen and separate white suite shower room benefitting from security entryphone system, electric heating and large window over looking the communal garden to the rear.
Communal Garden Areas - To the rear of the building the communal gardens are laid to lawn offering a wide range of shrubs and mature trees with paths leading to the front communal pathways and communal entrance areas with bike storage and bin storage. Within the communal gardens there is pathway leading to old blundells court access road. (note the communal gardens as described is not included within the sale price of the 18 flats but separate negotiation can be sought).
What3words - ritual.exile.deals
Agents Note - The agent is obliged to notify any prospective purchaser(s) that the attic space is not included within the sale price of the 18 flats as planning has been approved for the development of 2 large two bedroom flats which will potentially be included by separate negotiation.
The communal grounds where the area is laid to lawn towards to far end boundary with various shrubs and trees is not included within the sale price of the 18 flats as planning is being sought for further development of one and two bedroom houses which will further compliment Ford House.
The service lift is currently not operational but with servicing this will rectify the issue.
Please Note - VIEWINGS Strictly by appointment with the award winning estate agents, Diamond Estate Agents
If there is any point, which is of particular importance to you with regard to this property then we advise you to contact us to check this and the availability and make an appointment to view before travelling any distance.
PLEASE NOTE Prior to a sale being agreed and solicitors instructed, prospective purchasers will be required to produce identification documents to comply with Money Laundering regulations.
We may refer buyers and sellers through our conveyancing panel. It is your decision whether you choose to use this service. Should you decide to use any of these services that we may receive an average referral fee of £150 for recommending you to them. As we provide a regular supply of work, you benefit from a competitive price on a no purchase, no fee basis. (excluding disbursements).
We also refer buyers and sellers to The Levels Financial Services. It is your decision whether you choose to use their services. Should you decide to use any of their services you should be aware that we would receive an average referral fee of £250 from them for recommending you to them.
You are not under any obligation to use the services of any of the recommended providers, though should you accept our recommendation the provider is expected to pay us the corresponding Referral Fee.
Additionally planning permission has been granted for two additional flats in the attic space and there is also the scope to build two new houses within the gardens (STNC) .
Offering a host of possibilities, the extra flats will be available to buy separately, and while the existing accommodation can either be sold as one complete property or split between several investors. Perfectly placed for tenants merely moments from the high street and local schools, its selection of studio, one and two bedroom homes benefit from a secure Entryphone system and a service lift to all floors.
Tiverton is a thriving Mid-Devon Town offering excellent employment opportunities whilst the town offers numerous superstores including Tescos, Morrisons and Lidl. Tiverton Parkway mainline station is situated within a 6-mile drive with direct links to London Paddington with the A361 (North Devon link road) linking up with the M5 from which Taunton and Exeter can be easily reached and Exeter city airport can be reached within half an hour and Tiverton Golf Club and Football/Rugby and leisure centres are all within easy reach.
Step Inside - Sitting adjacent to the Grade I listed 17th century architecture of the original Blundell's School, Ford House looks out onto the tranquillity of nearly an acre of glorious gardens that have ample scope to incorporate two houses (STNC). Dating back to 1891, today this detached and purposed built complex offers an incredibly rare investment proposition for this historic Devon town and provides a superb work/life balance to its tenants.
Fully refurbished to a commendable specification both inside and out in circa 2011, and subsequently in [ 2021/ 2022]. The 18 self-contained flats pepper a magnificent three storey layout that unfolds over 7608 sq ft. Fully tenanted and currently generating an annual income of over £125,000, planning permission has already been granted to extend its considerable accommodation further still with two additional flats in the existing attic. This is an outstanding chance to acquire the entire 18 flats as one single lot with the added option to buy the attic flats and garden houses separately. It's good to note however that the development could also easily be divided between 2 or 3 individual investors if needed.
Behind a distinguished double fronted facade, notably maintained communal hallways flow from a central hallway instantly hinting at the sense of space on offer and generating an inviting first impression to tenants. A communal lift and staircases give easy access to each floor for all demographics and each flat benefits from a secure entryphone system and electric heating.
Filled with light, modern and stylish, the considered refurbishment of each abode included new kitchens, bathrooms and carpeting, as well as double glazing and interior doors, and each and every flat is arranged to allow the beautifully kept communal gardens to add an idyllic backdrop. Collectively and individually, their stylish yet functional layouts have been cleverly designed to maximise space and produce an admirable quality of life.
Stretching out across the full depth of each floor, 10 one bedroom and 2 two bedroom homes open onto covered private balconies that lend enviable extensions of their generous open plan kitchen/living rooms, while 6 studio apartments enhance the appeal of this period property to a wide spectrum of future tenants.
Tastefully chosen and made by the bespoke manufacturer Raynsford Furniture, the kitchens are supremely well appointed with refined Shaker cabinetry topped with sleek contemporary countertops combining to produce a wealth of storage and workspace. Their array of integrated appliances provides every convenience for today's modern lifestyle while the attention to detail is reflected in the cohesive finishing touches. Living spaces are ideally sized to both relax and entertain, and bath/shower rooms all have high quality white suites.
Step Outside - Beautifully framed by statuesque trees the capacious communal gardens of Ford House elevate its appeal to tenants providing a breath-taking wow factor and giving them a heavenly retreat to recline in the summer sun, enjoy al fresco entertaining and allow children to play.
These exceptional grounds include 2 allocated parking spaces that are an added plus point for some, while the central location of being merely a leisurely stroll to the hubbub of the high street means that the majority of people looking to rent a flat in Ford House have no need for a vehicle. Those that do generally opt for a scooter or rent parking space nearby.
Ford House Entrance - Leading off station road to the side of Vale Vets the entrance is accessed through an allocated parking area with designated bin storage area and pathway leading to the communal entrance doors.
Communal Entrance And Entrance Hall - Offering an entrance door and entry phone system leading into the entrance hall with stairs leading to the first and second floor landings.
Flat 1 - A ground floor studio flat offering a large reception room with open plan modern fitted kitchen and separate white suite shower room benefitting from security entryphone system, electric heating and large window over looking the communal garden to the rear.
Flat 2 - A ground floor one bedroom flat offering an entrance hall leading to a large bedroom with en-suite bathroom/shower room and large reception room with open plan modern fitted kitchen and door leading out to the balcony offering stunning views over the communal gardens benefitting from electric heating and large windows to the rear over looking the balcony and stunning communal gardens.
First Floor Landing -
Flat 7 - A first floor studio flat offering a large reception room with open plan modern fitted kitchen and separate white suite shower room benefitting from security entryphone system, electric heating and large window over looking the communal garden to the rear.
Flat 8 - A first floor one bedroom flat offering an entrance hall leading to a large bedroom with en-suite bathroom/shower room and large reception room with open plan modern fitted kitchen and door leading out to the balcony offering stunning views over the communal gardens benefitting from electric heating and large windows to the rear over looking the balcony and stunning communal gardens.
Second Floor Landing -
Flat 13 - A second floor studio flat offering a large reception room with open plan modern fitted kitchen and separate white suite shower room benefitting from security entryphone system, electric heating and large window over looking the communal garden to the rear.
Flat 14 - A second floor one bedroom flat offering an entrance hall leading to a large bedroom with en-suite bathroom/shower room and large reception room with open plan modern fitted kitchen and door leading out to the balcony offering stunning views over the communal gardens benefitting from electric heating and large windows to the rear over looking the balcony and stunning communal gardens.
Communal Entrance And Entrance Hall - Offering an entrance door and entry phone system leading into the entrance hall with service lift and stairs leading to the first and second floor landings.
Flat 3 - A ground floor one bedroom flat offering an entrance hall leading to a large bedroom with en-suite shower room and large reception room with open plan modern fitted kitchen and door leading out to the balcony offering stunning views over the communal gardens benefitting from electric heating and large windows to the rear over looking the balcony and stunning communal gardens.
Flat 4 - A ground floor one bedroom flat offering an entrance hall leading to a large bedroom with en-suite shower room and large reception room with open plan modern fitted kitchen and door leading out to the balcony offering stunning views over the communal gardens benefitting from electric heating and large windows to the rear over looking the balcony and stunning communal gardens.
First Floor Landing - Offering a service lift and stairs leading to the second floor landing.
Flat 9 - A first floor one bedroom flat offering an entrance hall leading to a large bedroom with en-suite shower room and large reception room with open plan modern fitted kitchen and door leading out to the balcony offering stunning views over the communal gardens benefitting from electric heating and large windows to the rear over looking the balcony and stunning communal gardens.
Flat 10 - A first floor two bedroom flat offering an entrance hall leading to a large bedroom with en-suite shower room and large reception room with open plan modern fitted kitchen and door leading to a second bedroom and further door leading out to the balcony offering stunning views over the communal gardens benefitting from electric heating and large windows to the rear over looking the balcony and stunning communal gardens.
Second Floor Landing - Offering a service lift and and large storage cupboard housing mains electrics, t.v points and loft hatch leading to attic space.
Flat 15 - A second floor one bedroom flat offering an entrance hall leading to a large bedroom with en-suite shower room and large reception room with open plan modern fitted kitchen and door leading out to the balcony offering stunning views over the communal gardens benefitting from electric heating and large windows to the rear over looking the balcony and stunning communal gardens.
Flat 16 - A second floor two bedroom flat offering an entrance hall leading to a large bedroom with en-suite shower room and large reception room with open plan modern fitted kitchen and door leading to a second bedroom and further door leading out to the balcony offering stunning views over the communal gardens benefitting from electric heating and large windows to the rear over looking the balcony and stunning communal gardens.
Communal Entrance And Entrance Hall - Offering an entrance door and entry phone system leading into the entrance hall with stairs leading to the first and second floor landings.
Flat 5 - A ground floor one bedroom flat offering an entrance hall leading to a large bedroom with en-suite bathroom/shower room and large reception room with open plan modern fitted kitchen and door leading out to the balcony offering stunning views over the communal gardens benefitting from electric heating and large windows to the rear over looking the balcony and stunning communal gardens.
Flat 6 - A ground floor studio flat offering a large reception room with open plan modern fitted kitchen and separate white suite shower room benefitting from security entryphone system, electric heating and large window over looking the communal garden to the rear.
First Floor Landing -
Flat 11 - A first floor one bedroom flat offering an entrance hall leading to a large bedroom with en-suite bathroom/shower room and large reception room with open plan modern fitted kitchen and door leading out to the balcony offering stunning views over the communal gardens benefitting from electric heating and large windows to the rear over looking the balcony and stunning communal gardens.
Flat 12 - A first floor studio flat offering a large reception room with open plan modern fitted kitchen and separate white suite shower room benefitting from security entryphone system, electric heating and large window over looking the communal garden to the rear.
Second Floor Landing -
Flat 17 - A second floor one bedroom flat offering an entrance hall leading to a large bedroom with en-suite bathroom/shower room and large reception room with open plan modern fitted kitchen and door leading out to the balcony offering stunning views over the communal gardens benefitting from electric heating and large windows to the rear over looking the balcony and stunning communal gardens.
Flat 18 - A second floor studio flat offering a large reception room with open plan modern fitted kitchen and separate white suite shower room benefitting from security entryphone system, electric heating and large window over looking the communal garden to the rear.
Communal Garden Areas - To the rear of the building the communal gardens are laid to lawn offering a wide range of shrubs and mature trees with paths leading to the front communal pathways and communal entrance areas with bike storage and bin storage. Within the communal gardens there is pathway leading to old blundells court access road. (note the communal gardens as described is not included within the sale price of the 18 flats but separate negotiation can be sought).
What3words - ritual.exile.deals
Agents Note - The agent is obliged to notify any prospective purchaser(s) that the attic space is not included within the sale price of the 18 flats as planning has been approved for the development of 2 large two bedroom flats which will potentially be included by separate negotiation.
The communal grounds where the area is laid to lawn towards to far end boundary with various shrubs and trees is not included within the sale price of the 18 flats as planning is being sought for further development of one and two bedroom houses which will further compliment Ford House.
The service lift is currently not operational but with servicing this will rectify the issue.
Please Note - VIEWINGS Strictly by appointment with the award winning estate agents, Diamond Estate Agents
If there is any point, which is of particular importance to you with regard to this property then we advise you to contact us to check this and the availability and make an appointment to view before travelling any distance.
PLEASE NOTE Prior to a sale being agreed and solicitors instructed, prospective purchasers will be required to produce identification documents to comply with Money Laundering regulations.
We may refer buyers and sellers through our conveyancing panel. It is your decision whether you choose to use this service. Should you decide to use any of these services that we may receive an average referral fee of £150 for recommending you to them. As we provide a regular supply of work, you benefit from a competitive price on a no purchase, no fee basis. (excluding disbursements).
We also refer buyers and sellers to The Levels Financial Services. It is your decision whether you choose to use their services. Should you decide to use any of their services you should be aware that we would receive an average referral fee of £250 from them for recommending you to them.
You are not under any obligation to use the services of any of the recommended providers, though should you accept our recommendation the provider is expected to pay us the corresponding Referral Fee.
