3-bedroom house · EX6 6JN
For saleListed 45 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well positioned three bedroom property in need of renovation with an integral garage, ample off street parking and well maintained gardens.
Situation Nestled on the edge of the sought-after village of Cheriton Bishop, this semi-detached bungalow enjoys a wonderfully convenient yet peaceful setting.
The property lies approximately one mile from the centre of the village, while the nearby village of Tedburn St Mary is just 1.7 miles away, offering a further range of amenities and a thriving community atmosphere.
Both villages are well regarded for their strong sense of community and Devon charm, making the area particularly appealing to those seeking a balance between rural yet accessibility living.
The surrounding countryside provides an idyllic backdrop, perfect for enjoying the very best of village life.
Despite its setting, the property benefits from excellent connectivity, with swift access to the A30 providing a direct route to Exeter.
The Alphington junction can be reached in approximately 10 minutes, making this an ideal location for commuters and those wishing to enjoy both country living and city convenience. Description No.
2 Springfield Park is set back from the road, enjoying a pleasant sense of privacy, and benefits from ample off-street parking together with an integral garage.
A door from the driveway opens into an entrance hallway, where stairs rise to the first floor.
Directly ahead lies a spacious sitting room, featuring an open fireplace and patio doors opening out to the enclosed rear garden, allowing for a wonderful connection between indoor and outdoor living.
From the hallway, there is also access to a galley-style kitchen, a separate dining room, and a versatile ground floor bedroom or snug, served by a nearby shower room.
The kitchen leads through to a practical utility room, which in turn provides internal access to the integral garage.
The first floor offers a landing with eaves storage and two further bedrooms, one of which benefits from an en suite shower room.
The property would now benefit from a programme of renovation and modernisation throughout, offering an exciting opportunity for purchasers to create a superb family home tailored to their own tastes and requirements.
With its well-proportioned accommodation and generous plot, No. 2 Springfield Park has the potential to become a truly comfortable and stylish home in a desirable village setting.
Garden Doors from both the sitting room and kitchen open onto a raised terrace, perfectly positioned to take in far-reaching views across the surrounding countryside.
From here, steps descend to a lower lawned garden, bordered by a variety of mature shrubs which provide both colour and a good degree of privacy.
Services Current Council Tax: C Utilities: Mains electric, water, telephone & broadband Broadband within this postcode: Superfast Enabled Drainage: Private drainage (Sewage Treatment Plant shared between 5 properties) Heating: Gas central heating (Calor) Tenure: Freehold Directions What3words - delivers.talked.triathlon
Value & comps
No previous sales on record.
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 2 Springfield Park, Cheriton Bishop, Exeter
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