3-bedroom bungalow · EX17 1BU
Sold STCListed 146 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious detached bungalow with stunning country views and large plot of 0.32 acres, requiring modernisation. Offered to market with no onward chain. Three Bedrooms. Kitchen/ Dining Room.
Popular Village. Exeter 7 Miles. Garage & Off-Road Parking. Council Tax Band E. EPC Band A. Freehold.
Description - Nestled in the peaceful Devon countryside, Burstone offers a superb opportunity to acquire a spacious bungalow set within 0.32 acres with delightful views.
Located on the edge of the village, despite its rural location, Shobrooke is well connected and within easy reach of Crediton, Tiverton, and the cathedral city of Exeter, all of which offer a wide range of amenities to meet all needs.
The property requires modernisation whilst offering space and scope for extending, subject to necessary consents, however the property has been subject to recent improvements with airsource heat pump, PV panels as well as extra insultation.
In short, the property comprises of; a spacious south-facing sitting room, kitchen/ dining room with views to the rear and across fields beyond, two large bedrooms benefiting from built-in wardrobes, a family bathroom with separate WC, and a further flexible space for either a study or bedroom.
Externally, the large garden wraps around the property on three sides enclosed by mature hedging and trees. Driveway parking and a link-detached garage is located to the side of the property.
This blank canvas offers an exciting opportunity to mold into the perfect home, both internally and externally. Services - Mains electricity, water and drainage.
Central Heating via Air Source Heat Pump. PV Panels.
Ofcom predicted broadband services - Standard & Superfast available Ofcom predicted mobile coverage for voice and data: External – EE, Three, O2 and Vodafone (Variable).
Local Authority: Mid Devon District Council. Directions - What3Words: ///receive.amounting.kindness Google Pin Drop:
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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