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 work3-bedroom bungalow · EX15 1SY
Sold STCListed 23 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A fine, detached bungalow in a popular residential area, a short step from the bus stop and easy access to the town centre and supermarkets.
Quick access to Exeter, the motorway and Tiverton Parkway Station. This bungalow has been in the same ownership from new and has been a much loved and very comfortable home over the last 27 years.
It is presented in good, clean and tidy order throughout with its original fittings so many may wish to update the accommodation to taste, but with the number of rooms, this could readily be done a room at a time over time.
The living space has the benefit of separate reception rooms and with the current layout and size of the rear garden, a conservatory extension could readily be built beyond the dining room if required, subject to any relevant consents.
The adjoining kitchen is fitted in a classic and timeless oak style with ample work surface, cupboard storage and space for appliances and has an integrated double oven, with gas hob and extractor hood over.
An arch leads to the utility room, fitted in the same style with a sink unit, space and plumbing for laundry appliances and a door to the rear garden, also giving access to the rear personnel door into the garage.
From the inner hallway, there are three bedrooms, two doubles with fitted wardrobes and a single.
The principal bedroom has a tiled en suite shower room and the main bathroom is principally tiled with a white suite, including a shower over the bath.
On approach to the bungalow, there is a drive for parking leading to the garage and a paved path to the front porch, with adjoining lawn garden with mature shrubs and a tree.
Access to the rear garden is via the garage and this is principally laid to lawn, part brick walled, with established shrubs and trees, a dated potting shed and a paved patio, accessed from the patio door in the dining room.
Utilities Services: Mains electricity, water, drainage and gas.
Council Tax: Band E Local Authority: Mid Devon District Council Tenure: Freehold Estate maintenance charge: Not applicable Cullompton Spindlebury lies a pleasant stroll or short bus ride from the centre of Cullompton which offers local shops, including 'Veyseys', an award-winning butcher's; take-aways and popular cafes including, 'The Lime Tree', 'The Bakehouse' and 'Nosh'.
Mini markets, Tesco, Aldi and Home Bargains supermarkets are all within easy reach.
Other amenities include two primary schools, Cullompton Community College for secondary education, a contemporary health centre, a library and community centre, a doctor's surgery, a veterinary practice, churches, sports clubs, pubs, and recreation facilities.
From the bungalow, there are popular walks along surrounding country lanes, one leading to the rugby club, and a little further afield along the town leat or through the meadows beside the River Culm.
Cullompton is ideally placed for commuting, with quick access to Exeter via J28 of the M5 or the B3181 main road through Broadclyst and Pinhoe.
There are regular bus services through the town and rail links at Tiverton Parkway Station (London Paddington in 2 hours) and Honiton Station to London Waterloo.
The 'Megabus Falcon' coach service also stops in the town, providing economic travel between Plymouth and Bristol, with stops in between, including Bristol Airport. Exeter c.14 miles Taunton c.
23 miles Tiverton c. 7 miles Tiverton Parkway Station c. 6 miles Honiton c. 11 miles
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 28, Spindlebury, Devon
Explore nearby