.png)
Flat 5, Wessex Court, West Street, Tavistock, Devon
Marketed by:
Auction House South West
2 Cattedown Rd, Plymouth PL4 0EG, UK
01752 474200
Vacant 1-Bed Leasehold Maisonette in Tavistock
Flat 5, Wessex Court, West Street, Tavistock, Devon
Withdrawn
£90,000+
• 1 Bedrooms
• Maisonette
• Leasehold
• Vacant
• Current Rating D57
Description
A vacant duplex in the centre of Tavistock. The accommodation comprises a living room, kitchen/dining room, double bedroom, bathroom and a W.C. The apartment benefits eaves storage and a communal garden.
Accommodation
Living Room: 4.42m (14'6'') x 2.94m (9'8''); Kitchen/Dining Room: 5.04m (16'6'') Max x 4.56m (15') Max; Bathroom: 2.78m (9'2'') x 1.94m (6'5''); Landing: 3.93m (12'11'') Max x 3.26m (10'8'') Max; Double Bedroom: 4.05m (13'3'') x 3.01m (10'2'')
Location
Centre of Tavistock
Tenure / Property Information
Tenure |
Leasehold |
Lease |
122 years from 15 September 2017 |
Occupancy |
Vacant |
EPC |
Current Rating D57 |
Investment Analysis
Comparable sales at Wessex Court range from £122,000 to £158,000, including £135,000 in May 2024. A base GDV of £135,000 is supported, with £122,000 low and £158,000 high scenarios. The £750 pcm rent is an advertised asking rent only.
Investment Snapshot
Guide Price |
£90,000 - £100,000 (plus fees) |
HB Estimated GDV |
£135,000 |
Estimated Monthly Rent |
£750 pcm |
Estimated Annual Rent |
£9,000 pa |
Gross Yield on Guide |
10% |
Strategy Recommendation
Potential buy-to-let subject to inspection, legal-pack review, leasehold-cost confirmation and securing rent near £750 pcm. Do not bid without a verified all-in cost.
Works Required
No specific defects or refurbishment requirements are evidenced. Inspection and legal-pack review are required before budgeting works.
Rental & Market Context
HB Estimated Market Rent |
£750 pcm |
|
Ford Street, Tavistock PL19 1 bed apartment to rent - (£173 pw) — 1 bed — £750 pcm — Advertised asking rent |
£750 pcm |
Sold Comparables
The following completed sales were identified within approximately 5 miles:
|
Wessex Court, West Street, Tavistock, West Devon, Pl19 8aq |
£135,000 |
|
77, West Street, Tavistock, West Devon, Pl19 8aq |
£90,000 |
|
Wessex Court, West Street, Tavistock, West Devon, Pl19 8aq |
£158,000 |
|
The Old Woollen Mill, West Street, Tavistock, West Devon, Pl19 8aq |
£185,000 |
|
Wessex Court, West Street, Tavistock, West Devon, Pl19 8aq |
£122,000 |
Potential BRRR Position
Base GDV |
£135,000 |
75% Refinance |
£101,250 |
A 75% refinance of the £135,000 base GDV indicates £101,250 gross borrowing capacity. Total project cost cannot be calculated because refurbishment costs and any leasehold charges are unknown.
Buy-to-Let Analysis
At the lower £90,000 guide, the advertised £750 pcm rent implies a 10.0% gross yield before fees and other costs. Achieved rent, service charges, ground rent and other running costs are not supplied, so net returns cannot be established.
Flip Analysis
The base resale value is estimated at £135,000 from local completed sales. Flip profit cannot be calculated without supported works, purchase-cost and selling-cost assumptions.
Investor Risks & Due Diligence
• The £750 pcm figure is an advertised asking rent, not achieved rent.
• Refurbishment requirements and condition are not evidenced.
• Service charge, ground rent, council tax, heating and parking details are not supplied.
• Additional legal-pack disbursements may be payable.
• Comparable sale prices vary materially and include older transactions.
• Leasehold terms and costs require legal-pack confirmation despite the stated 122-year lease.
Recommendation
Potential buy-to-let subject to inspection, legal-pack review, leasehold-cost confirmation and securing rent near £750 pcm. Do not bid without a verified all-in cost.
Strategy Rating
HB Rating |
★★★☆☆ |
Analysis Confidence
Confidence |
Medium |
There are several relevant completed sales and one rental listing, but no refurbishment budget, leasehold charges, achieved rent, parking information or full cost data.
Auction Details :
Auction House South West
Auction Date :
21/10/26
Lot Number :
014
Property Location:
Flat 5, Wessex Court, West Street, Tavistock, Devon
View our Property Calculators:
-
BRRR Calculator - Estimate your potential returns after refurbishment and refinancing.
-
Buy to Let Calculator - Calculate rental yield, cash flow and potential return.
-
Property Development Calculator - Assess development costs, GDV and potential profit.
-
Build Cost Calculator - Estimate refurbishment, extension and construction costs.
-
Bridging Finance Calculator - Estimate borrowing costs and potential finance requirements.
Building Suppliers in your area
Tradespersons in your area
Professionals in your area
Jewson Tavistock
Builders Merchant
Tel:
01822 612341
Plumbase Tavistock
Plumbing & Heating
Tel:
01822612299
Travis Perkins Tavistock
Builders Merchant
Tel:
01822 616558
More Auction Properties from:
Auction House South West
Image | Property Title | Price | Postcode | Location | Auction Date | Status |
|---|---|---|---|---|---|---|
Vacant mid-terrace property with 3 bedrooms | £124,000 | PL1 | Plymouth | 09/09/2025 | Sold | |
A three bedroom semi-detached family home | £227,000 | PL6 | Plymouth | 09/09/2025 | Sold | |
A first floor leasehold apartment own private entrance | £70,000 | EX17 | Devon | 09/09/2025 | Sold | |
A one bedroom first floor flat situated in Bournemouth | £64,500 | BH1 | Bournemouth | 09/09/2025 | Sold | |
A two bedroom mid-terrace property, situated in Ilminster | £130,000 | TA19 | Somerset | 09/09/2025 | Sold | |
A substantial freehold property with views over the Exe valley | £407,000 | EX16 | Devon | 09/09/2025 | Sold | |
A leasehold one bedroom apartment situated within the town | £40,000 | PL14 | Cornwall | 09/09/2025 | Sold | |
A one bedroom lower ground floor flat in central Plymouth | £64,000 | PL4 | Plymouth | 09/09/2025 | Sold | |
A six bedroom HMO property in need of modernisation | £203,000 | PL4 | Plymouth | 09/09/2025 | Sold | |
A substantial semi-detached family home situated | £300,000 | PL3 | Plymouth | 09/09/2025 | Sold | |
Situated in a popular residential location | £161,000 | PL7 | Plymouth | 09/09/2025 | Sold | |
A two-bedroom leasehold lodge situated | £68,000 | PL10 | Cornwall | 09/09/2025 | Sold |