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See how verdicts work3-bedroom terraced house · EX12 2NY
Listing removedReduced £30k (−9.2%) on 21 JunListed 601 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Deceptively spacious, delightful, 3 bedroom character cottage situated right in the heart of the town centre with enclosed rear garden within easy reach of the seafront and beach.
The Property: This delightful character cottage is situated right in the heart of the town in a pedestrianised area within a short walk of the seafront and beach with a lovely enclosed rear garden.
This mid terraced cottage which dates back, we believe, around 200 years, has been in the same family’s hands for many years but has more recently in 2018, been the subject of sympathetic renovation.
The improvements include replacement of all windows and doors, re-wiring, re-plumbing, a new combination boiler, replastering and new ceilings.
Prior to this time a new roof was added in 2013 and as such the property now presents is extremely good order throughout.
This lovely property is much larger than appears from exterior appearances and much be viewed internally to be fully appreciated.
The front door opens into the entrance hallway with stairs rising with attractive balustrading and decorative floor tiling with cloaks hanging.
An internal latch door opens into a large open plan living/dining/kitchen with the living area at the front of the property with a large sash window.
Wood effect flooring, flows through the entire room and into the rear sun room.
The dining area has plenty of space for a table and chairs and the well fitted kitchen has a matching range of base and wall units with grey worktops with complementary coloured tiling with inset sink and incorporates a built-in oven with hob over and extractor fan above, under-unit fridge, and an integrated dishwasher.
There is lovely, exposed stone walling to the end of the room with French doors opening to a lovely bright and airy sunroom.
Again, this room has feature stone walls and polycarbonate roofing which creates a lovely bright room. Sliding patio doors look out to the rear garden.
A large original door opens from the dining room end to a utility room which has space and plumbing for washing machine and under unit freezer with matching units to the kitchen and decorative ceramic tiling.
A spiral staircase leads up from here to an additional snug/living room with tilt and turn large window with a Juliet balcony overlooking the courtyard garden to the rear.
Stairs rise with balustrading to the first floor where there are three extremely good sized double bedrooms with bedroom 1 and 2 to the front of the property with sash windows overlooking Queen Street and bedroom 3 with views over the courtyard to the rear.
In addition, there is a sizeable shower room/WC with large walk-in shower, WC and a sink with cupboards beneath and above.
There is a window to rear light wood effect flooring and extractor fan to ceiling.
Outside: The rear private courtyard has a slight raised decking area, ideal for outdoor furniture and alfresco eating with artificial grassed area providing further seating.
This area is fully enclosed with attractive stone walling which provides a great deal of privacy to the property with an external water tap. A gate to one side gives rights of access to Queen Street.
Council Tax: We are advised that this property is in Council Tax Band C. East Devon District Council. Services: We are advised that all mains services are connected.
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Value & comps
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Returns
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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.
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FAQ
About 5, Queen Street, Devon
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