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See how verdicts work3-bedroom bungalow · EX36 3FE
For saleReduced £5k (−1.3%) on 7 JulListed 296 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Beautifully presented three-bedroom detached bungalow, set on a corner plot with a garage in the new Bee Meadow development. Boasting a prime location with stunning, far-reaching countryside views.
2 Observer Close presents a fantastic opportunity to acquire a three-bedroom detached bungalow, within the sought-after Bee Meadow development.
Conveniently located with easy access to the town centre, in a corner plot at the edge, backing onto open fields with countryside views.
Built in 2019 by Baker Estates, the property benefits from the remainder of a 10-year NHBC warranty and is equipped with fibre broadband, making it ideal for those working from home.
The accommodation is beautifully presented and filled with natural light. It features a spacious central entrance hall with built-in storage.
To the right, the open-plan sitting/dining room boasts bi-folding doors that open onto the garden, offering stunning, far-reaching countryside views.
This space flows into the well-appointed kitchen, which includes a range of wall and base units, a stainless steel sink and drainer with a mixer tap, an electric hob, and a double oven.
Integrated appliances include a washing machine, dishwasher, and fridge/freezer, with a door providing access to the driveway.
The generously sized master bedroom benefits from a bay window and an en-suite shower room, which includes a double shower cubicle, wash hand basin, WC, and heated towel rail.
Bedroom two, located to the left of the entrance hall, is another spacious double room featuring a built-in double wardrobe. Bedroom three is a single room with a floor-length window.
Completing the accommodation is a modern family bathroom, equipped with a WC, wash hand basin, heated towel rail, bath, and overhead shower.
For layout and approximate room measurement please see the enclosed floorplan. Outside The bungalow sits in a superb position enjoying a corner plot.
To the front of the bungalow is a lawned grass area with shingle borders and a tarmacadam driveway for three cars leading to the garage.
The single garage has an up and over door, power and light and a pedestrian door to the rear garden. There is also storage above with loft ladder to access.
The rear garden is a standout feature of this home, offering breathtaking, far-reaching countryside views and backing onto open fields. A bridlepath runs alongside the rear hedge.
The garden is enclosed by timber fencing, and is primarily laid to lawn with well-tended flower beds.
A paved seating area provides the perfect spot to relax, while a side access gate adds convenience. Additionally, the garden is equipped with power for a hot tub and an outdoor tap.
Services & outgoings We understand that all mains services are connected to the property. Management fees: Tbc.
Council Tax: North Devon Council - Band D Additional information Broadband: FTTP-Full fast fibre broadband is available-highest available download speed 1600 Mbps, highest available upload speed 115 Mbps.
(Based on Openreach data). Mobile Coverage: Limited coverage available via EE, three and vodafone. Limited coverage available via O2.
For an indication of specific speeds and supply or coverage in the area we recommend contacting your own provider.
(Based on Ofcom data) Flooding: The property is in an area at a very low risk from River/Sea and Surface Water flooding (defined as the chance of flooding each year as less than 0.1%). (Gov UK data).
Construction Type: Standard construction 2 Observer Close occupies a convenient location situated within a short distance of the local shops, schools, community woodland and other amenities.
Barnstaple and Tiverton are both easily accessible via the A361 North Devon link and offer a wider range of facilities, together with further schooling and entertainments.
Exeter is within 40 minutes travelling distance, whilst Junction 27 of the M5 motorway and Tiverton Parkway Station are both approximately 30 minutes distant providing fast access to the rest of the country.
International airports are available at Exeter and Bristol.
The market town of South Molton is located just to the south of Exmoor and is surrounded by delightful countryside offering a wide range of recreational pursuits including miles of walks, riding and cycling both on the moor itself and in the neighbouring environment.
Fishing can be enjoyed on the rivers Taw, Torridge and Mole and the dramatic North Devon coastline is within 40 minutes travelling distance with a variety of locations ranging from quiet bays and coves such as Lee Bay and Woody Bay to the renowned surfing beaches of Woolacombe, Croyde and Saunton Sands.
Golf courses may be found at Tiverton and Barnstaple, together with Links courses at Saunton Sands and Westward Ho!
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.
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FAQ
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