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 work4-bedroom detached house · EX18 7BL
For saleReduced £25k (−4.5%) on 30 SepListed 110 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Leigh Road, Chulmleigh The property was originally built in the 1960’s but has been modernised and refurbished to provide a wonderful light and airy home with large windows and bi-fold doors off the living space, leading to a large paved south facing patio with great views.
The kitchen & bathroom have been remodelled and refitted in recent years and the addition of photovoltaic panels, keep running costs to a minimum.
You enter a generous porch extension, leading to a large reception hall with stairs leading up to the first floor.
There is a modern and dual aspect kitchen-dining room - a large hub of the home for family life. Double sliding doors lead into a large light living room that has an inset wood burning stove.
There is also a utility room and a cloakroom/WC. On the first floor are three spacious double bedrooms and a slightly smaller double. A modern shower room completes this floor.
A long drive provides access to the adjoining double garage and parking for three to four cars. The large front garden enjoys a southerly aspect and far reaching views towards Dartmoor.
The gardens have been thoughtfully landscaped with a level lawn area and herbaceous borders. There is an extensive rear garden with productive raised vegetable, fruit beds and a polytunnel.
There is a BBQ area and a useful garden shed along with an attractive wildlife pond.
The small, pretty, historic town of Chulmleigh has a wonderful community feel, with a selection of thatched and slate roofed cottages and houses in the heart of the town as well as a good range of local amenities, such as primary & secondary schooling, Post Office and general stores/supermarket and a variety of other retail outlets.
Ideally located between Exeter and the north coast and Barnstaple, the nearby station at Eggesford connects Barnstaple to Exeter where one can access the main Penzance to Paddington line.
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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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
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FAQ
About High Banks, Leigh Road, Chulmleigh
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