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 terraced house · TQ13 0LA
Listing removedReduced £10k (−4.8%) on 7 SepListed 270 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This two-bedroom home with spacious living room, fitted kitchen and separate utility room. Offers two double bedrooms, modern shower room and separate WC. Generous front and rear gardens.
Offered with no onward chain and subject to the Three Year Devon Rule. To the front of the property is an entrance hallway providing access to the main rooms and staircase rising to the first floor.
A spacious and light-filled living room, offering ample space for both lounge and dining furniture, making it an ideal area for relaxing or entertaining.
A fitted kitchen comprising a range of wall and base units with worktop surfaces and space for appliances, providing a practical setting for everyday use.
A useful separate utility room is located off the kitchen, offering additional storage and laundry space, with access to the outside.
The first floor provides comfortable sleeping accommodation, comprising two well-proportioned bedrooms and a modern shower room.
The main bedroom is a generous double room with plenty of space for bedroom furniture, while the second bedroom is also a good size, ideal for a guest room, child's bedroom or home office.
Completing the first floor is a contemporary shower room fitted with a walk-in shower enclosure and wash hand basin, with a separate WC.
Externally, the property benefits from a generous front garden laid mainly to lawn with a pathway leading to the main entrance, creating an attractive approach.
To the rear is a good-sized enclosed garden offering a combination of lawn and patio/gravel seating areas, ideal for outdoor dining and entertaining.
The garden also includes useful outbuildings/sheds providing additional storage.
Offered to the market with no onward chain, this property would benefit from modernisation and is also subject to the Three Year Devon Rule, making it an excellent opportunity for buyers seeking a straightforward purchase.
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
.png)
FAQ
About 5, Colway Lane, Newton Abbot
Explore nearby