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See how verdicts work4-bedroom bungalow · EX3 0EL
Sold STCReduced £25k (−4.2%) on 10 SepListed 66 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by online public auction (*unless sold previously) on Wednesday, 30 September, 2026 auction guide price: £590,000 freehold method of sale: This is a traditional auction and contracts are exchanged on the fall of the gavel.
*note: Offers prior to auction will only be considered from buyers in a position to exchange contracts immediately under auction conditions.
A buyer’s administration fee of £4560 including VAT is payable on exchange of contracts. The price guide is a general guide only and a reserve price will be set within 10% of this figure.
For interested parties the auction pack is now available and can be downloaded from the link on our website: Situation & description 3 Elm Grove Gardens is a detached bungalow situated in a small and very pleasant cul-de-sac about 5 minutes walk from the railway station and less than 10 minutes’ walk from Topsham town centre.
In need of some modernisation, this property has a lot to offer.
The rear was extended some years ago to provide additional accommodation to include a study accessed via the breakfast room which could be used as a fourth bedroom, and a separate breakfast room with bay window.
All the rooms are well proportioned and there are attractive, landscaped gardens to the front, side and rear.
The bungalow is double glazed and has a benefit of a small, attached garage with parking on the drive. There is an extensive boarded loft with good headroom.
Topsham is one of the most popular small towns in the south-west of England.
It has a delightful town centre boasting more than its fair share of period buildings and a large number of pubs, restaurants, cafes and independent shops.
There is an outdoor swimming pool, sailing club, antiques centre and nature reserve famed for its birds. The Exe estuary borders the town with glorious views to the south Devon coast beyond.
Regular bus services serve the cathedral city and county town of Exeter as does the branch line from Exmouth which passes close by . Services Mains services are available.
Interested parties should contact the relevant public utility with regards to connection. Parking: Garage and driveway parking.
Local Authority: Exeter City Council Agent Note To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers once any sale is agreed, and check proof of funding.
For properties bought at online auction, a fee of £3.50 +VAT is payable by each registered bidder to Landmark, an fca registered company, through Essential Information Group.
An inconclusive check will result in a further capped fee of £3.50 + VAT to cover any ensuing checks. We will require the full name, date of birth and current address of all bidders.
For sales in a live auction room and for sales prior to auction, we use the services of a third party, Hipla, a Law Society Licensed company.
We will require the full name, mobile phone number and current address of all buyers. There is a nominal charge of £24 including VAT per person payable.
It is a mandatory requirement for a Lettings Agent to be part of a Client Money Protection scheme, we have membership with Propertymark (a government approved client money protection provider).
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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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 3, Elm Grove Gardens, Exeter
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