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
For saleListed 2 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
No onward chain!
Detached Bungalow with Excellent Potential in a Popular Residential Location Situated in the sought-after area of Elmfield Crescent, this two-bedroom detached bungalow offers a fantastic opportunity for buyers looking to put their own stamp on a property.
Positioned within a well-established residential neighbourhood, the property is conveniently located for local shops, bus routes, healthcare facilities and Exmouth town centre, whilst also providing easy access to the seafront, marina and beautiful surrounding countryside.
The accommodation is arranged around a central hallway, which provides access to all principal rooms.
The bright and spacious living room enjoys plenty of natural light and features a gas fireplace, creating an inviting focal point to the room.
Located at the end of the hallway, the generously sized kitchen offers ample worktop and storage space, with plenty of room for a dining table, making it an ideal space for everyday living and entertaining.
A door from the kitchen provides direct access to the rear garden.
There are two well-proportioned double bedrooms, both offering comfortable accommodation, whilst the bathroom completes the internal layout.
Outside, the property benefits from front and rear gardens, providing excellent outdoor space to enjoy throughout the year.
While the bungalow has been well cared for over the years, it would now benefit from a programme of modernisation, presenting an exciting opportunity for a new owner to update and personalise the property to their own tastes and requirements.
Whether you're looking to create a long-term home, downsize into a popular location, or undertake a rewarding renovation project, this property offers tremendous potential.
Early viewing is strongly recommended to appreciate the space, position and opportunity on offer.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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
Agent & docs
FAQ
About Elmfield Crescent, Devon
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