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 property · TA23 0TJ
Listing removedListed 626 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
2022 2 bedroom Victory Lakeside 42ft x 13ft lodge (sleeps 4). Immaculate lodge overlooking Otters Lake on the popular Doniford Bay holiday park.
Site open March-November with no license end date (subject to terms). Situated on the popular Doniford Bay Holiday Park, 4 Otters Lake offers great letting potential either through Haven or privately.
With double glazing and central heating, the unit comprises, entrance hall, open plan kitchen/dining/living space with French doors to the decking, master bedroom with built in wardrobes, ensuite shower room and French doors to the decking, and a twin bedroom serviced by a shower room.
Externally there is a large decking to the side and front of the unit, enjoying views of Otters Lake. There is off road parking directly in front of the unit. 2025 pitch fees - £10,200.
These can be offset by letting the unit during times you are not using it yourself.
Average gas and electricity £721 Average rates including water £406 Holiday home insurance £211 to £481 Doniford Bay Holiday Park is open for 9 months of the year from 1st March - 30th November.
There are just over 500 pitches, 370 of which are owner occupied meaning that it is a very friendly site with many owners only clubs and events organised, as well as exclusive clubs for kids and teens.
The site is pet friendly and has some lovely walks along the coast and nearby Quantock Hills and Exmoor National Park.
The historic West Somerset heritage steam railway runs past not far from the site enabling a trip to the coastal resort of Minehead.
There are fantastic indoor and outdoor swimming pools with slides and inflatables, an all weather sports court, crazy golf, climbing wall, zip wire and rope.
The main entertainment area has restaurant, cabaret show bar with nightly entertainment, arcade, indoor play zone, tennis courts and bowling.
There is direct beach access from the site and beautiful views across the Bristol Channel. Owners also enjoy 15% off most on site facilities.
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
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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.
Area
Agent & docs
FAQ
About 4 Otters Lake, Haven, Watchet
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