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 house · EX4 4LR
For saleReduced £35k (−8%) on 29 SepListed 415 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** Great investment opportunity or for use as an air b&b ** Trinity House is an attractive period property set in a superb central location just a short walk from Exeter's high street, currently divided in to two dwellings in a central location.
The property offers sizeable living accommodation, with the ground floor currently arranged as a self-contained apartment, offering the potential for holiday lets/long term lets, or to be reintroduced to the main accommodation if desired.
Double gates open to a driveway allowing ample off-road parking, and there is an attractive enclosed garden to the rear.
The main accommodation briefly consists of an open-plan kitchen diner, a separate living room, two double bedrooms upstairs and a bathroom.
The ideal location places the property within close proximity to a number of amenities, and is just a short distance from the city centre, offering various high street shops, eateries and other entertainment facilities.
There are also schools nearby, as well as gp and dental surgeries, convenience stores, and train stations.
Apartment The front door opens to the entrance hallway where stairs rise to the main living accommodation, and a door leads into the self-contained flat.
This space could be re-incorporated as part of the main property, and offers a well-proportioned living room with a bay window to the front aspect and a feature fireplace, a double bedroom with access into the garden, a bathroom, and a galley kitchen with a range of wall and base units, an integrated oven with a gas hob, and space for a tall fridge freezer and a further under-counter appliance.
Main Accommodation - First Floor The first floor accommodates the spacious open-plan kitchen diner which is a pleasant family space containing a range of matching wall and base units with fitted worktops, a tiled splashback and a stainless steel sink and drainer unit with a mixer tap over.
Appliances include a double eye-level oven with a separate electric hob, as well as space for a fridge freezer and further under-counter appliances.
A door opens out to the balcony which enjoys a lovely outlook across the foundations of Danes Castle.
The living room is an attractive dual aspect reception room complemented by windows to both the front and side aspects allowing ample natural light to the space.
There is also a feature cast-iron fireplace and decorative coving. Second Floor The second floor accommodates two of the double bedrooms and the bathroom on a split level landing.
The master bedroom is situated to the front and benefits from a dual aspect with windows to both the front and side aspects. There are also numerous built-in cupboards providing ample storage space.
The second bedroom is a further good-sized double room with windows to the rear and side aspects with a pleasant outlook, as well as a shower cubicle.
Lastly, the bathroom comprises a bath with a mixer tap and shower over, a hidden cistern WC and a wash basin.
Gardens & Parking The property features delightful enclosed gardens to the side and rear with various spaces for outdoor seating to sit and enjoy the tranquil surroundings.
There is a feature pond to the rear with various shrubs and plants to the sides. Steps lead up to the balcony.
Double gates at the front of the property offer the potential for off-road parking for up to two vehicles, with a sheltered carport, all of which could also be used as an additional garden space if preferred.
Property Information Tenure: Freehold. Council tax band: A (separately for the flat and the main house).
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 27, Howell Road, Exeter
Explore nearby