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See how verdicts work2-bedroom terraced house · EX9 7HU
For saleListed 316 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
LOCATION: The village of Otterton is located on the East bank of the River Otter, east of the B3178 road and the Village of East Budleigh.
The village is the home of Otter Mill, a water mill and craft centre, in addition with village also offers a good public house and primary school.
There are local buses in the area and the larger coastal towns of Budleigh Salterton, Sidmouth and Exmouth, are close-by.
THE ACCOMMODATION COMPRISES: Glazed panel front door giving access to: RECEPTION HALL: Tiled floor, radiator, stairs to first floor landing with useful understairs cupboard.
LOUNGE/DINING ROOM: 5.03m x 3.15m (16'6" x 10'4") A bright spacious room with chimney recess with tiled hearth, TV point, radiator, cupboard housing meters, sealed unit double glazed window overlooking the rear garden with deep window sill and part glazed door with patterned glass giving access to the rear garden.
KITCHEN: 3.05m x 2.57m (10'0" x 8'5") Fitted range of patterned worktops with tiled surrounds, cupboards, drawer units and appliance space beneath worktops, electric cooker point, radiator, sealed unit double glazed window to front aspect with deep window sill.
FIRST FLOOR LANDING: Access to roof space.
BEDROOM 1: 4.11m x 2.92m (13'6" x 9'7") A good size main bedroom with sealed unit double glazed window with deep window sill to front aspect, enjoying a lovely rural outlook towards the church, wall memorial and beyond.
Good size cupboard.
BEDROOM 2: 2.72m x 2.62m (8'11" x 8'7") Wood laminate flooring, cupboard housing the water tank and electric boiler, storage cupboard over, radiator, sealed unit double glazed window with deep window sill to rear aspect, again enjoying a pleasant open rural outlook.
BATHROOM/WC: 2.29m x 1.7m (7'6" x 5'7") Bath with tiled surrounds with shower unit over, shower curtain and rail, pedestal wash hand basin with tiled splashback and mirror fronted medicine cabinet over, WC, radiator, sealed unit double glazed unit with patterned glass, deep window sill.
OUTSIDE: Enjoying a peaceful Village setting, the property enjoys an attractive front garden providing lovely seating area overlooking the church.
Side gate and pathway gives access through to the rear garden. The rear garden is a lovely feature of the property, generous in size, level, laid to lawn with pathway and seating area.
Pathway to the rear of the property provides right of way to the neighbouring cottage. Outside GARDEN STORE: 1.83m x 0.76m (6'0" x 2'6").
AGENTS NOTE: The property is subject to a Section 157 of the Housing Act 1985, which means that in order to purchase the property you must have lived or worked in Devon for three years prior to purchase.
The property is leasehold, held on a 999 year lease from March 1959 with the Freeholders being East Devon District Council.
DIRECTIONS: From Budleigh Salterton head North onto the East Budleigh Road, B3178. Continue on the main road through East Budleigh turning right at the signpost for Otterton.
When entering the village turn right immediately just past Otter Mill onto Church Hill, which is also signposted to the school.
The property is found set back on the left hand side behind the War Memorial close to the church.
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
FAQ
About St Michaels Close, Church Hill, Otterton, Budleigh Salterton, EX9 7HU
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