3-bedroom bungalow · EX37 9LA
Sold STCReduced £16.8k (−5.9%) on 6 OctListed 234 days
Opportunity summary
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About
Over 60s can secure this property with a Home For Life from Homewise Through the Home for Life Plan from Homewise, those aged 60 or over can purchase a Lifetime Lease and a share of the property value to safeguard for the future.
The cost to purchase the Lifetime Lease is always less than the full market value. Over-60s customers typically save between from 20% To 50%*.
Home for Life Plan guide price for Over-60s The Lifetime Lease price for this property is £301,500 based on an average saving of 33%.
Market Value Price: £450,000 The price you pay will vary according to your age, personal circumstances and requirements and will be adjusted to include any percentage of the property you wish to safeguard.
The plan allows customers to purchase a share of the property value (up to 50%) to safeguard for the future.
For an indication of what you could save, please use our calculator on the Homewise website.
Please call for more information or a personalised quote Please note: Homewise do not own this property and it is not exclusively for sale for the over-60s.
It is being marketed by Homewise as an example of a property that is currently for sale which could be purchased using a Home For Life Lifetime Lease.
If you are not over 60 or would like to purchase the property at the full market value of £450,000, please contact the estate agent Webbers.
Property description Offered to the market for the first time in almost 50 years, Meadow Park is a spacious detached bungalow set on a generous corner plot of approximately 0.5 acres.
The property offers three bedrooms, two reception rooms, a garage and workshop, along with gated driveway parking, and is located within the desirable North Devon village of Burrington.
A spacious entrance hall welcomes you into the home.
To the left is the living room, which benefits from sliding doors opening onto an attractive sandstone patio area and enjoys views over the rear garden.
The living room also features an open fire, creating a warm and inviting space. Further along the hallway is the dining room, which opens via an archway into the well-fitted kitchen.
The kitchen comprises matching wall and base units, an integrated oven, grill and hob, and a door providing access to the side of the property.
From the hallway there are three well-proportioned bedrooms. The principal bedroom is a spacious double, while bedrooms two and three are both small doubles, all benefiting from fitted wardrobes.
The modern family bathroom features a walk-in shower, WC and wash hand basin, complemented by matching wall and floor tiling.
One of the defining features of this lovely home is the level, wrap-around garden, predominantly laid to lawn with established trees to the boundaries and an attractive flower bed to the front of the property.
Within the garden is a wooden hut, well fitted with seating surrounding a wood-burning stove, making a charming and versatile addition.
The rear garden was previously a productive vegetable garden and could easily be reinstated.
The property further benefits from a good-sized garage attached to the house, along with a timber workshop to the rear, complete with power and lighting.
Access is via a gated driveway providing ample off-road parking for multiple vehicles.
The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations.
All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents.
All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed.
Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose. Suitable as a retirement home.
Value & comps
No previous sales on record.
Returns
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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.
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About Meadow Park Burrington, Umberleigh Devon, Devon
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