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 · TQ13 8EG
For saleListed 45 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A detached bungalow in need of refurbishment, or with conditional permission for a replacement dwelling. Occupying a stunning Dartmoor location and set in approximately 9.2 Acres.
Stunning Dartmoor location, current two bedroom bungalow, pp For a larger replacement dwelling. Stables and carport. Superb Moorland Views. Approximately 9.2 Acres. No Chain. Freehold.
Council Tax Band C. EPC Band E. Situation The property occupies a enviable elevated location set on the southern slope of Meldon Hill about a mile from Chagford.
The open moorland is within easy walking distance, offering superb walking, riding and leisure pursuits, together with stunning scenery.
The well known Moorland town of Chagford offers an excellent range of shops, wine merchants, art galleries, restaurants, cafes and inns.
As well as excellent leisure and sporting facilities including an open air swimming pool, cricket pitch, tennis and bowling club, together with modern primary school.
From the town there is easy access to the A30 dual carriageway and to the Cathedral city of Exeter with its M5 motorway, mainline rail and international air connections.
Description Yellands Gorse is set in a stunning, enviable elevated position, offering superb panoramic views from both the house and land over the countryside towards the hills of Dartmoor, taking in Haytor and Fernworthy Forest.
Accessed down its own private drive and set within its own gardens and paddocks of 9.2 acres.
The property itself consists of a 1930's bungalow, which is in need of considerable updating and improvement.
Alternatively the vendors have acquired conditional planning permission for a larger replacement dwelling on the same site under Dartmoor National Park application no 0059/24.
Drawings, elevations and floorplans are all available online.
The current property is predominantly double glazed with an oil fired Aga to the generous sized kitchen and a cosy woodburner to the sitting room. There are two bedrooms, a bathroom and utility room.
Formal gardens surround the property and there is a useful building, offering stabling, storage and a carport.
The land is currently split into four paddocks and would be suitable for grazing, equestrian or leisure interests. The land in total extends to approximately 9.2 acres.
Accommodation Via double glazed door to, entrance porch, Windows to side and 1/2 glazed door to kitchen/dining room: Range of country style base/wall cupboards and dresser. Sink and drainer.
Oil fired Aga providing cooking facilities, stripped wood floors, window to side aspect, picture rail, access to loft hatch, double glazed bay window to front with moorland views.
Sitting room: Stripped wood floors, TV connection, brick fireplace with fitted wood burning stove, shelving to recess, bay window to front with superb views.
Rear hall, window to side aspect, fitted coat hooks, doors to, bedroom 1: Double glazed window to side, electric night storage heater.
Bedroom 2: Double glazed window to side, electric night storage heater. Bathroom: Wood panelling to half wall, pedestal wash basin, WC, timber panelled bath, double glazed window to rear.
Utility room: Base cupboards with inset sink and drainer, fitted shelved unit, airing cupboard with hot water tank, linen shelving and immersion.
Wall mounted electric heater, plumbing for washing machine, window and stable door to rear.
Outside A five bar gate opens to its own private stoned drive which divides the paddocks and gives you the first glimpse of its superb location with uninterrupted views over the farmland to the hills of Dartmoor.
A further five bar gate opens to the gardens and property, at the head of the drive is a parking area for numerous vehicles.
Adjacent is a timber stable block/carport: Set on a concrete apron with two loose boxes, tack room/garden store and carport.
Formal gardens surround the property and consist of lawned areas, interspersed with mature shrubs trees and bushes, again offering glorious views over the valley.
A further lawned area sits above the drive. The land is currently divided into 4 paddocks with mature hedgerow and water to two of the fields.
Agents Note There is a further 3.39 acre paddock available by separate negotiation. Please contact the agents Stags for further information.
Services Mains electric, private water supply (via shared spring with water filtration system), Private drainage (Type, health and compliance with general binding rules is unknown).
Purchasers to satisfy themselves with their own inspection. Mobile Coverage: EE limited indoors. EE and 3 likely outdoors.
02 and Vodafone limited (Ofcom) Broadband Coverage: Standard upto 13Mbps (Ofcom) Directions For Sat Nav purposes, the post code is TQ13 8EG. What3words cheer.barefoot.encoding
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
.png)
FAQ
About Yellands Gorse, Newton Abbot
Explore nearby