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 work5-bedroom detached house · EX8 3ED
Listing removedListed 257 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A substantial detached family home set within gardens approaching half an acre, with detached garaging and potential for refurbishment or redevelopment (Subject to planning). EPC: D, no onward chain.
Situation - The property is set back from Exeter Road in a private position, approximately 1.25 miles from Exmouth town centre and the seafront.
Local amenities include a nearby Co-Op supermarket and regular bus services between Exeter and Exmouth.
The town offers a wide range of shops, including a Marks & Spencer Foodhall, along with a modern sports centre, indoor swimming pool, and a railway station with direct connections to Exeter.
The seafront boasts around two miles of sandy beach, offering opportunities for sailing, paddleboarding, kite surfing and coastal walks along the South West Coast Path.
The cathedral city of Exeter is an easy commute to the west and offers a comprehensive range of shopping, dining, cultural and educational facilities.
Exeter provides mainline rail links on both the Paddington and Waterloo lines, access to the M5 at Junction 30, and Exeter International Airport for both domestic and international travel.
Description - 233 Exeter Road offers a rare opportunity to acquire a spacious detached home on a generous plot of around 0.5 acres, with mature lawned gardens, multiple garages and off-road parking.
The house, which would now benefit from a programme of modernisation, is well proportioned with three reception rooms, a kitchen, study, cloakroom, and four to five bedrooms including a principal bedroom with en-suite.
In addition to being a fine family home, the property offers scope for extension or redevelopment, subject to planning.
A pre-application has been undertaken for the creation of three detached houses on the site, offering significant potential for purchasers seeking an investment or development opportunity.
Accommodation - A reception hallway with under-stairs storage leads to the principal living spaces.
The sitting room and dining room both enjoy bay windows to the front and feature picture rails, while the sitting room has an attractive stone open fireplace.
The study provides a quiet workspace, with an additional living room to the rear.
The kitchen offers a range of wall and base units, integrated oven, and hob, with space for appliances, and access to a rear hallway with gardener’s WC.
The stairs gives access to the first floor with a large landing serves four/five bedrooms.
The principal bedroom includes an en-suite shower room, while Bedroom 2 has a wash hand basin and dual aspect windows.
Bedrooms 3 and 4 are both doubles, and Bedroom 5 could serve as a dressing room or study. The family bathroom includes a bath with shower over, complemented by a separate WC.
Outside - The property is approached via a private driveway, initially shared with two other homes before leading to its own parking and turning area.
There is a detached double garage and an additional single garage.
The mature gardens wrap around the house and are laid mainly to lawn with a number of specimen trees, former vegetable beds, and scope for landscaping or further development.
Services - Utilities: Mains electric, mains gas, mains water, telephone and broadband Drainage: Mains drainage Heating: Gas central heating Tenure: Freehold EPC: D(59) Council tax band: F Standard, ultrafast and superfast broadband available.
EE, O2, Three and Vodafone mobile networks likely to be available (Ofcom). Agents Notes - We understand that two of the trees within the plot are subject to Tree Preservation Orders.
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 Exeter Road, Exmouth
Explore nearby