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 bungalow · EX16 6ET
For saleReduced £15k (−6.4%) on 7 OctListed 208 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This well-presented bungalow offers spacious and versatile accommodation, complemented by a generous rear garden and ample off-road parking.
Upon arrival, you are welcomed by a mature front garden, mainly laid to lawn, with a concrete pathway leading to the property.
A driveway provides parking for two vehicles and gives access to the garage.
The entrance porch is bright and spacious, featuring a radiator, frosted windows, and multiple power points, with access through to both the kitchen and the main living area.
The front room is a particularly generous space, ideal for both relaxing and dining, with ample room for sofas and a dining table.
A large front-facing window allows plenty of natural light, while a convenient hatch connects through to the kitchen.
The room is well-equipped with multiple electrical points, as well as TV aerial and internet connections.
The kitchen is well-proportioned and practical, offering a range of wall and base units, ample worktop space, and a stainless steel sink with drainer.
There is space for an oven, washing machine, and fridge freezer, along with additional storage provided by a cupboard housing the Glow-worm boiler. A large window overlooks the front of the property.
To the rear, the property offers two well-sized bedrooms. Bedroom one is a spacious double, complete with built-in storage, a rear-facing window, and a radiator.
Bedroom two is also generously sized and benefits from a large storage cupboard, multiple power points, and direct access to the garden via double patio doors.
The bathroom is modern and fully tiled, featuring a contemporary bath with shower over, low-level WC, and vanity hand basin.
Additional features include a heated towel rail, extractor fan, and a large frosted window providing natural light and privacy. Externally, the rear garden is a standout feature.
This mature and well-established space includes a paved patio area leading from the property, a lawned section, and a variety of shrubs and trees.
A small pond adds character, while a storage shed and access to both the garage and bedroom enhance practicality.
The garage is fitted with a manual up-and-over door, lighting, power points, an outside tap, and a rear-facing window.
This property offers a fantastic blend of indoor and outdoor space, ideal for comfortable living.
Further information on property: 5 Double glazed windows and 2 Double glazed doors added between 2009 & 2016 New roof insulation in 2012 New garage rear door in 2013 Reroofed main house in 2013 Electricity circuit and sockets renewed in 2022 New gas boiler in 2023 Viewings Strictly by appointment with the South West award winning estate agents, Diamond Estate Agents If there is any point, which is of particular importance to you with regard to this property then we advise you to contact us to check this and the availability and make an appointment to view before travelling any distance.
Please note Our business is supervised by hmrc for anti-money laundering purposes.
If you make an offer to purchase a property and your offer is successful, you will need to meet the approval requirements covered under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.
To satisfy our obligations, Diamond Estate Agents have to undertake automated id verification, aml compliance and source of funds checks.
As from1st May, 2024 there will be a charge of £10 per person to make these checks. We may refer buyers and sellers through our conveyancing panel.
It is your decision whether you choose to use this service. Should you decide to use any of these services that we may receive an average referral fee of £100 for recommending you to them.
As we provide a regular supply of work, you benefit from a competitive price on a no purchase, no fee basis. (excluding disbursements).
Stamp duty may be payable on your property purchase and we recommend that you speak to your legal representative to check what fee may be payable in line with current government guidelines.
We also refer buyers and sellers to The Levels Financial Services. It is your decision whether you choose to use their services.
Should you decide to use any of their services you should be aware that we would receive an average referral fee of £200 from them for recommending you to them.
You are not under any obligation to use the services of any of the recommended providers, though should you accept our recommendation the provider is expected to pay us the corresponding Referral Fee.
EPC Rating: C Disclaimer Viewings Strictly by appointment with the award winning estate agents Diamond Estate Agents.
If there is at any point, which is of particular importance to you with regard to this property then we advise you to contact us to check this and the availability and make an appointment to view before travelling any distance.
Please note Our business is supervised by hmrc for anti-money laundering purposes.
If you make an offer to purchase a property and your offer is successful, you will need to meet the approval requirements covered under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.
To satisfy our obligations, Diamond Estate Agents will undertake automated id verification, aml compliance and source of funds checks.
As from 1st May 2024 there will be a charge of £10 per person to make these checks.
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 40 Oak Close, Tiverton
Explore nearby