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 terraced house · EX8 4AD
Sold STCListed 233 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
THE ACCOMMODATION COMPRISES: Front door with patterned inset glass and side panel giving access to: ENTRANCE PORCH: 1.88m x 1.17m (6'2" x 3'10") With uPVC obscure double glazed window to side aspect; coat rack; central ceiling light; wood effect vinyl flooring; door to inner hallway and door to: UTILITY ROOM: 3.63m x 1.88m (11'11" x 6'2") With obscure double glazed window to side aspect; fitted with a range of cupboards and worktop surfaces; plumbing for automatic washing machine; space for tumble dryer; space for upright fridge/freezer; single drainer sink unit with tiled splashbacks and shelving above; freestanding shelving storage unit; coats handing space; electric consumer unit cupboard; extractor fan; radiator; vinyl flooring; uPVC door to REAR GARDEN.
INNER HALLWAY: With radiator; built in cloaks cupboard with hanging and shelving space; thermostat control for central heating; radiator; continued vinyl wood flooring; central ceiling light.
GROUND FLOOR CLOAKROOM/WC: uPVC obscure double glazed window to side aspect; wall mounted Worcester gas combi boiler; space saver vanity unit with inset sink and mixer tap over; mosaic tiled splashback; close coupled WC with push button flush; central ceiling light; chrome heated towel rail.
LOUNGE/DINING ROOM: 6.02m x 5.46m (19'9" x 17'11") Maximum overall measurement; a fantastic open plan room; space for dining area and useful recess under stairs; three radiators; ceiling light and further ceiling light with fan; three radiators; Tv Point; power points; open staircase rising to first floor; window to rear and sliding double glazed patio doors into: CONSERVATORY: 4.42m x 2.92m (14'6" x 9'7") A real feature of the property with high level shelving; mosaic patterned tiled flooring; power points; wall lights; uPVC double glazed door to the side of the property and further uPVC double glazed french doors on to the REAR GARDEN: KITCHEN/BREAKFAST ROOM: 4.42m x 2.92m (14'6" x 9'7") Fitted with a range of modern base cupboard drawer and full height wall units with patterned effect worktop surfaces; integrated Electrolux fan assisted oven and gas 4 ring hob with stainless steel chimney style extractor fan over; pull out larder drawers; fully tiled surrounds; concealed under lighting; appliance space and plumbing for dishwasher and space for upright fridge/freezer; stainless steel one and a half bowl single drainer sink unit; breakfast bar area and deep tiled sill bay window; power points; radiator; vinyl flooring.
FIRST FLOOR LANDING: Double glazed window to side aspect; radiator; linen cupboard; access to roof space via pull down ladder which is partially boarded with power; doors to: BEDROOM ONE: 4.39m x 3.35m (14'5" x 11'0") uPVC double glazed window to rear aspect overlooking the garden; fitted mirror fronted sliding wardrobes with shelving and hanging space; further fitted drawers and dressing table area; central ceiling light; power points; radiator.
BEDROOM TWO: 3.43m x 3.45m (11'3" x 11'4") uPVC double glazed window to front aspect; fitted wardrobes with sliding doors; radiator.
BEDROOM THREE: 2.11m x 2.03m (6'11" x 6'8") Currently used as a study room; with fitted shelving unit with desk area; uPVC double glazed window to rear aspect; radiator.
BATHROOM/SHOWER ROOM WC: A modernised re-fitted suite comprising bath with mixer taps over; obscure glazed window to front aspect; fitted mirror with shelving; fitted vanity sink unit with mixer taps and cupboards beneath; concealed cistern and push button flush; shower enclosure with rainfall shower and detachable hose; fully tiled marble effect walls and matching flooring; chrome heated towel rail; ceiling spotlights; ceiling extractor fan.
OUTSIDE: The front of the property enjoys a lawned area with mature flower and shrub borders and a paved seating area and pathway leading to the front door and to the side of the property.
A timber gate gives access to the rear garden.
The rear garden is a real feature of the property which is fully enclosed and comprises paved pathway to a patio area ideal for outside entertaining; a variety of shrubs and flower borders and an apple tree.
There is a timber garden shed, greenhouse and outside water tap. GARAGE: 4.95m x 2.51m (16'3" x 8'3") Located in a block close by with up and over door.
AGENTS NOTE: Please note, each property pays £50 per month towards the upkeep of the communal areas within Drakes Gardens.
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 Drakes Gardens, Drakes Avenue, Exmouth, EX8 4AD
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