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See how verdicts work2-bedroom house · EX8 5LR
For saleReduced £50k (−14.3%) on 21 JunListed 285 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description Guide Price £300,000 - £325,000 A delightful and well-proportioned mid terraced house enjoying modern finishes throughout.
Approached via a gravelled front yard, the entrance hall leads through to the dining room with stylish, sliding doors to the sitting room with large bay window.
To the rear is a well equipped, modern kitchen and breakfast room to one side with French doors leading to the South facing garden.
Stairs rise to the first floor with 2 double bedrooms and a contemporary bathroom with separate, walk-in shower.
In addition, there is an attic room which is a versatile space which could be used as an office, craft or hobbies room.
Outside, to the rear is an enclosed South facing garden benefitting from a patio area adjoining the house and a area of level lawn.
Situation Lympstone is a very popular village which grew from an ancient settlement on the eastern shores of the Exe Estuary, building its reputation on maritime trade and agriculture.
It still retains its links with the past, with local firm Inghams Fisheries selling their catch in the riverside Fish Shed.
The village has a well-established local primary school in the middle of the village, with St Peter’s independent school on its outskirts.
There is a gp surgery, two churches, four public houses, a cafe, a hairdresser and a store with a Post Office.
The award-winning ‘Darts Farm’; a destination store selling local Westcountry food, drink and lifestyle products, is 3.5 miles away, with Michael Caines’ restaurant and boutique hotel ‘Lympstone Manor’ a short distance away, for more special occasions.
Lympstone supports a wide variety of clubs and societies, including sailing and tennis clubs, an active gardening club, film society and other societies bringing live music and drama to the village.
The Exe Estuary Trail, 26 miles of cycleway along both sides of the Rive Exe, is an enjoyable addition to Lympstone’s many attractions.
The M5 at Junction 30 is just 8 miles away and the half-hourly Avocet line train service, with its beautiful views across the River Exe, links the village with Exeter’s two main stations: Exeter St David’s with its fast train service to London Paddington and Exeter Central with its service to Waterloo.
There is also a regular bus service to Exeter and Exmouth.
Directions Travelling along the A376 from Exeter towards Exmouth, turn right at the traffic lights beside the Saddlers Arms public house into Longmeadow Road, Lympstone, where the property will be found a short distance on the left hand side.
Services: The vendor has advised the following: Mains gas (serving the central heating boiler and hot water), mains electricity, water and drainage. Telephone landline not currently under Contract.
Broadband (fttc) in contract with Sky - Download speed 48-54 Mbps and Upload speed 15-17 Mbps.
Mobile signal: Several networks currently showing as available at the property including 02 & Vodafone. Agents Note: The property sits within the Lympstone Conservation Area.
The vendor advises that there is a loft room that was installed by a previous owner, but that it was done without Building Regulations or Planning Permission for the room or staircase leading to it.
Please ask the agent for further information.
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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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
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FAQ
About 1, Olga Terrace, Lympstone
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