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 · EX17 1HG
Under offerListed 534 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This charming property offers a fantastic opportunity for buyers looking to put their own stamp on a home, with plenty of scope for modernisation and personalisation.
The accommodation includes two good-sized bedrooms, both light and airy, providing comfortable spaces with pleasant outlooks.
The spacious living room is bright and welcoming, while the kitchen, although traditional in style, has been kept in good condition and offers a practical and functional layout.
The bathroom is similarly well-maintained, with tidy fittings that serve the home well, though there is potential for updates to create a more contemporary feel.
Externally, The Madges boasts neat and easy-to-manage gardens at both the front and rear, offering a private and peaceful setting with plenty of potential for landscaping or enhancement.
A driveway provides off-road parking for two vehicles. Ideally located close to the amenities of Crediton town centre, this bungalow is within easy reach of shops, cafes, and essential services.
Excellent transport links make Exeter and surrounding areas easily accessible, while the nearby countryside offers a wealth of outdoor pursuits.
This is a wonderful opportunity to acquire a solid, well-cared-for home with great potential to update and modernise to your own taste.
DIRECTIONS: Using the What3Words App, search adhesive.glitz.unpainted COUNCIL TAX: Band C LOCAL AUTHORITY: Mid Devon SERVICES: Mains Electric & Water DRAINAGE: Mains Drainage BROADBAND: Full Fibre Broadband Available FTTP (Fibre to the Premises).
MOBILE SIGNAL: Limited Coverage HEATING: Gas Central Heating LISTED: No TENURE: Freehold CONSERVATION AREA: Yes FLOOD RISK: Very Low PLEASE NOTE: Our business is supervised by HMRC for anti-money laundering purposes.
If you make an offer to purchase a property and your offer is successful, you will need to meet the approval requirements covered under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.
To satisfy our obligations we use an external company to undertake automated ID verification, AML compliance and source of funds checks. A charge of £25 is levied for each verification undertaken.
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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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 Tolleys, Crediton, Devon, EX17
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