We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom terraced house · EX4 1BB
Sold STCListed 229 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well presented two bedroom terrace property situated in the popular residential area of St Thomas within close proximity to local shops, supermarkets, schools, bus routes, St Thomas train station and Exeter City Centre and Historic Quayside.
The property has good size living accommodation and enclosed rear garden. EPC D, Council Tax Band B, Freehold. ENTRANCE VESTIBULE ENTRANCE HALLWAY: Stairs to first floor landing, door to...
LOUNGE: 6.5m x 3.5m (21'4" x 11'6") Maximum , Double glazed bay window to the front, radiator.
KITCHEN: 3.2m x 2.2m (10'6" x 7'3") , Base cupboards and drawers with worktop over, built in oven with hob and hood over, wall mounted cupboards, sink and drainer, space for dishwasher.
INNER VESTIBULE: Wall mounted boiler, space for fridge freezer, door to...
WC/UTILITY: 2.6m x 1.5m (8'6" x 4'11") , Space for washing machine, pedestal wash hand basin, close coupled WC, double glazed window to the rear, radiator.
LEAN TO: 2.3m x 1.6m (7'7" x 5'3") , Double glazed door and window to the rear. FIRST FLOOR LANDING: Loft access, doors to...
BEDROOM 1: 4.1m x 3.1m (13'5" x 10'2") plus alcove , Double glazed windows to the front, radiator. BEDROOM 2: 3.2m x 2.7m (10'6" x 8'10") , Double glazed window to the rear, radiator.
BATHROOM: Suite comprising WC with concealed cistern, panelled bath with part tile surround, shower cubicle, radiator, double glazed window to the side.
OUTSIDE: To the front of the property is a walled garden with path leading to the front door.
To the rear is an enclosed garden laid to grass lawn and paved patio with handy storage shed and gate providing handy rear access.
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

FAQ
About Cleveland Street, St Thomas, EX4
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