3-bedroom bungalow · EX5 4QX
Sold STCReduced £20k (−10.5%) on 26 JunListed 317 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description Situated in a peaceful residential area within the desirable Duchy town of Bradninch, this three-bedroom detached bungalow presents an excellent renovation opportunity for buyers looking to modernise and add value.
Offered to the market with no onward chain, the property is ideally positioned just a short stroll from the village bus stop, the well-regarded primary school, and a selection of local amenities-making it a convenient choice for families, downsizers, or investors.
Please note that the bungalow is of non-standard construction (timber framed) and does not have designated parking.
Upon entering the bungalow, you are welcomed by an entrance hallway that leads to the main living spaces.
At the front of the property is a bright and comfortably sized living room, offering a pleasant area for relaxation.
To the rear, you will find a spacious kitchen/dining room with ample potential for reconfiguration or modernisation.
A useful lean-to/utility area extends from the kitchen, providing additional storage and direct access to the rear garden.
The accommodation includes three well-proportioned double bedrooms, all offering scope for redecoration, along with a centrally located family bathroom that could easily be updated to create a stylish modern suite.
Set on a generous plot, the property benefits from both front and rear gardens.
The rear garden is particularly noteworthy, featuring a shed, greenhouse, decking area, and a pond-making it an appealing space for outdoor enjoyment or further landscaping projects.
With its generous plot, flexible layout, and sought-after village location, this bungalow offers a fantastic opportunity for buyers looking for a project in a welcoming Mid Devon community.
Please Note: We are supervised by hmrc for the purposes of Anti-Money Laundering (aml) regulations.
If your offer to purchase a property is accepted, you will need to satisfy the requirements set out in the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.
To comply with these obligations, we work with an independent third-party provider to complete id verification, aml checks, and source of funds checks. A charge of £45.00 applies for these checks.
Please note that a memorandum of sale cannot be issued until all required verification has been successfully completed.
As a regulated Sales Agent, we are required to be part of an approved redress scheme.
We are members of The Property Ombudsman, which is a government-approved scheme providing independent dispute resolution. From time to time, we may introduce buyers or sellers to The Mortgage Quarter.
Use of their services is entirely optional. If you choose to proceed with them, please be aware that we may receive an average referral payment of £200 for the introduction.
Stamp Duty Land Tax (sdlt) may be payable on your purchase.
We advise speaking with your solicitor or legal representative to confirm what, if any, amount is due based on the latest government guidelines.
Council Tax Band: B Tenure: Freehold Living Room 3.71m x 3.01m (12'2" x 9'11") Kitchen / Dining Room Kitchen: 2.46m x 2.45m (8'1" x 8'1") Dining Room: 3.66m x 3.01m (12' x 9'11") Lean-To Lean-To / Utility 3.43m x 1.48m (11'3" x 4'10") Bedroom 1 3.76m x 3.01m (12'4" x 9'11") Bedroom 2 3.04m x 3.01m (10' x 9'11") Bedroom 3 3.03m x 3.01m (9'11" x 9'11")
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 40 Hele Road, Exeter
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