2-bedroom bungalow · EX4 2EE
Sold STCListed 94 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
DESCRIPTION This two-bedroom semi-detached bungalow occupies a generous elevated corner plot with far-reaching city views.
Offering exceptional potential, the property provides scope to create a larger family home or, subject to planning, establish a separate self-contained dwelling within the substantial grounds.
The accommodation includes a bright living/dining room, kitchen with garden access, conservatory, two double bedrooms and a family bathroom.
Outside, the impressive plot features gardens to the front, side and a westerly-facing rear garden, together with a double garage and generous driveway parking.
The owners have received positive informal feedback from the local council regarding the potential for a separate dwelling in the garden (subject to planning), making this a rare opportunity for developers, multi-generational living or those looking to add significant value.
ENTRANCE HALL Door into hallway, door to the kitchen/diner, front aspect single glazed window, radiator, LOUNGE Light and spacious, radiator, space for family sized dining table and chairs, large front glazed window offering lovely views overlooking the city, door to the hallway.
KITCHEN Side aspect glazed window, fitted a range of wall and base units rolltop work surfaces and, stainless steel sink with mixer tap and splashback tiling, space for dishwasher and washing machine, space for gas cooker, gas combo boiler, storage cupboard, single glazed door into garden INNER HALLWAY Doors to Bedroom One, Bedroom Two and the bathroom.
Access to the loft via loft hatch. BEDROOM ONE Front aspect window with views over the city, radiator, BEDROOM TWO Rear aspect window, radiator.
BATHROOM Single glazed rear window, rolltop bath with mixer tap with overhead shower, wc and wash basin CONSERVATORY Dual aspect windows, part brick built, door to the garden.
GARDEN The rear garden is westerly facing, two tiered with patio area, manicured lawns, mixture of mature shrubs, trees and plants with side access and scope to extend GARAGE Double garage with traditional up and over door, electric and power.
Double driveway in front WORKSHOP Behind the garage, brick built with side access door and rear glazed window
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.
Area
Agent & docs
FAQ
About Gloucester Road, Exeter
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