2-bedroom bungalow · EX39 3PD
For saleListed 235 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered to the market for the first time, this two-bedroom bungalow sits within mature grounds of approximately ¼ acre, offering superb development potential.
It is situated in the highly sought-after Raleigh area, close to Northam and Bideford town centre.
Available to the market for the first time since its construction in 1962, this detached, PVC double-glazed and centrally heated, traditional single-storey bungalow is set within mature grounds approaching ¼ acre, offering development potential.
Located in a highly sought-after residential area, the property has received a positive pre-application response for the erection of a new dwelling at the top of the plot, fronting onto Raleigh Hill.
Prospective purchasers are advised to arrange an early inspection to fully appreciate this rare opportunity.
Briefly, the accommodation comprises a recessed entrance porch leading to an entrance hall with an airing cupboard, access to the loft space, and attractive wooden flooring.
There is a dual-aspect, light and airy through living room featuring a functional fireplace, a fitted kitchen with ample storage and a solid-fuel Aga serving the central heating and hot water systems, two double bedrooms, and a bathroom fitted with a three-piece suite.
Lenwood Park is situated within the Raleigh area of Northam, a highly sought-after residential location positioned between Northam village and the town of Bideford.
Bideford is a market town and working port set on the banks of the River Torridge. It offers a wide range of amenities, including shops, schools for all ages, and leisure facilities.
The Tarka Trail, a well-known walking and cycling route, passes through the town and provides stunning views of the river and surrounding countryside.
The A39, also known as the Atlantic Highway, offers convenient access to Barnstaple, North Devon’s regional centre and home to the area’s main shopping, business, and commercial facilities.
Entrance Porch And Hall - Living Room - 5.18m x 3.48m (17' x 11'5") - Kitchen - 3.78m maximum x 2.74m maximum (12'5" maximum x 9' - Bedroom 1 - 2.92m x 2.74m (9'7" x 9') - Bedroom 2 - 2.79m x 2.59m (9'2" x 8'6") - Bathroom - 1.83m x 1.70m (6' x 5'7") - The bungalow occupies a mature plot approaching ¼ acre in size.
To the front, there is a lawned garden, together with off-road parking for vehicles and a timber and GI storage building.
The grounds extend to the side of the bungalow, leading to a south-facing, mature rear garden which abuts Raleigh Hill.
A positive pre-application response has been received for the construction of an additional dwelling on part of the rear garden, fronting onto Raleigh Hill.
Further details are available from the selling agents.
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
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FAQ
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