We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom bungalow · EX36 4ER
Listing removedReduced £10k (−3%) on 21 JunListed 333 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description About the property Grassmere is a superb two bedroomed detached bungalow on the edge of South Molton set back from George Nympton road, occupying a large plot with established gardens, ample parking and a garage.
The property has been well maintained by the current vendors and offers a blank canvass which no doubt provides tremendous potential for enlargement, if required and subject to any consents.
The light and airy accommodation comprises; an entrance hall, dual aspect sitting room, kitchen/breakfast room with patio doors leading out, two double bedrooms and a shower room.
Approached from George Nympton road, a large brick paved gated entrance driveway provides ample parking and leads to the attached garage with front garden to the side.
To the rear of the property is a large mature enclosed garden enjoying privacy with hedgerow boundaries and useful outbuildings.
For layout and approximate room measurements please see the enclosed floorplan & Virtual Tour.
The area George Nympton Road is a desirable, established position located on the edge of the town, just a short distance from its amenities.
South Molton itself offers an excellent range of everyday services including shops, schools, restaurants, and bank, together with a Sainsbury's supermarket, health centre, recreational facilities and cottage hospital.
The town also enjoys a traditional country pannier market twice weekly. Services & outgoings We understand that the property is connected to all mains services.
North Devon Council - Band C (approx. £2,235 per annum) EPC - tbc Tenure - Freehold Mobile & Internet - Visit ofcom Directions From South Molton, head south, on South Street following the B3226.
Continue as though you are leaving the town and turn left onto George Nympton Road, signed George Nympton/Kings Nympton.
Continue past the first two turnings on the right and Grassmere is the last bungalow on the left hand side before leaving the town.
Digital media links What 3 Words Location - ///conveys.hubcaps.terminology Virtual tour available important notice These sale particulars have been prepared as a general guide.
They must not be relied upon as statements of fact. We have not carried out a detailed survey, nor tested the services, heating systems, appliances and specific fittings.
Room sizes should not be relied upon for carpets and furnishings. If there are points which are of particular importance to you, please make contact prior to viewing the property.
To the best of our ability we try to represent the property accurately and honestly. A purchaser must make sure they are satisfied with the property before agreeing to proceed.
A Property Information Questionnaire & Title Register are available to prospective purchasers before committing to proceed with a purchase.
We are not legal experts, and you must seek and be guided by your own legal advice. Talk to us if there are any questions or concerns relating to the property.
Copyright © 2025 michael adey property Council Tax Band: C (North Devon Council) Tenure: Freehold
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Grassmere, South Molton
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