3-bedroom bungalow · EX17 1EJ
For saleReduced £5.5k (−2%) on 20 OctListed 127 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This two/three bedroom home has been recently updated and improved throughout and boasts a garage and parking as well as a lovely enclosed rear garden.
This popular position is close to amenities and is a level walk into town. No onward chain!
Directions And Material Information Location Crediton is an old Mid Devon market town with a wealth of history, being situated just 7.5 miles north-west of the Cathedral City of Exeter with the M5 motorway some 3 miles further on.
There is a regular daily bus service to Exeter plus trains every hour to Exeter and Barnstaple and a local town bus which covers most urban areas.
It has excellent schooling facilities at both senior and junior levels. The town has a selection of shops with a Morrison’s and a Tesco superstore.
Description The accommodation includes the entrance porch with a glass door to the living room which has a large picture window to the front and a stone fireplace and hearth.
From here a door opens to the inner hall with stairs to the first floor with a useful cupboard under and a door to the upgraded bathroom with a walk-in shower.
Doors also lead from the inner hall to the dining room/bedroom three and the modern kitchen which has a door to the rear garden.
The first floor consists of the landing with access to eaves storage plus two further double bedrooms with extensive built-in wardrobes.
Outside the property is approached over a driveway with parking for a number of cars which leads to the garage with up and over door and pedestrian door to the rear gardens.
The front garden is lawned with stocked borders while the rear garden is enclosed and also laid to lawn with flower and shrub borders, plus a useful shed and a greenhouse to the rear of the garden.
Directions And Material Information What3Words: ///opened.passenger.chestnuts Material information Mains electricity, water and drainage. Recently installed gas central heating and hot water.
Mid Devon District Council - Band B. Freehold. Parking: Garage and driveway parking.
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.
Area
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FAQ
About 5, Meadow Gardens, Devon
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