3-bedroom bungalow · EX14 4UR
Under offerListed 254 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
SITUATION Simcoe Way is situated in a small quiet cul-de-sac near the centre of the modern part of the village of Dunkeswell in the Blackdown Hills Area of Outstanding Natural Beauty.
The old established village of Dunkeswell, a designated Conservation Area, has a pretty parish church and there is a shop as well as several other amenities within walking distance.
There is also a bus service that provides regular access to Honiton and Taunton.
Honiton lies about 5 miles to the south and is particularly well known as an antique and book centre, as well as having most of the usual multiples such as WHSmiths, Boots, Tesco and a variety of independent shops, restaurants, schools, sports centre/swimming pool, golf club and main line rail link to London (Waterloo).
Honiton has excellent communication facilities with a dual carriageway to the Cathedral City of Exeter, the county town, some 22 miles to the west.
Exeter has an excellent shopping centre as well as schools, sporting facilities, theatres, main line rail link to London Waterloo and Paddington, international airport and M5 access.
The county town of Taunton is approximately 16 miles to the north where direct access to the M5 can be gained, together with express train to London Paddington.
Express trains to London can also be found at Tiverton Parkway some 10 miles distant. The coast at Lyme Bay is about 14 miles to the south.
THE PROPERTY 35 Simcoe Way is a well-proportioned 3 double bedroom detached bungalow situated at the end of a lovely cul-de-sac with fantastic corner plot gardens.
This traditionally built home has oil centrally heated accommodation and solar pv panels for the electricity.
The traditional entrance hallway leads to the good-sized double aspect sitting/dining room with a feature open fire.
To the rear is a modern kitchen/breakfast room with plenty of storage, integral appliances and an electric hob.
There are three double bedrooms, the principal has an en-suite shower room and the modern family bathroom has a separate shower and a bath.
Attached to the rear is a lovely double-glazed sun room with access to the rear garden.
GARDENS The enclosed level rear garden extends to all four sides of the property and therefore sits within an excellent sized plot.
The beautifull landscaped garden at the rear is in the main laid to lawn with fully stocked colourful beds and borders, a wildlife pond and a paved area, perfect for sitting out during fine weather.
To the side is a further garden area with a variety of fruit trees, kitchen garden, greenhouses and a shed.
At the front is a double garage and double width driveway that provides off-street parking for several vehicles.
Value & comps
No previous sales on record.
Returns
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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.
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FAQ
About Simcoe Way, Dunkeswell, Honiton, Devon
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