2-bedroom house · EX8 5LJ
For saleReduced £30k (−10%) on 21 JunListed 168 days
Opportunity summary
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About
Description A forecourt leads to an entrance porch with checkerboard tiles providing access to the 22ft sitting/dining room which has recently benefitted from the insulation of secondary glazing.
Enjoying a large square bay window to the front and a feature fireplace with open fire to the rear.
Completing the ground floor is a compact kitchen with built in electric oven and 4 ring gas hob, plus space for a fridge, freezer and slimline dishwasher.
Stairs rise to the first floor, to the front the first double bedroom has a large sash window, feature fireplace and alcove storage.
The second double bedroom also benefits from a large sash window overlooking the rear courtyard.
Through this room is access to a bathroom and a further staircase leading to an attic room, ideal for a hobbies area or additional storage.
Outside, the rear courtyard is low maintenance with decorative gravel and paved slabbed leading to a wooden gate providing pedestrian access plus a store which houses the washing machine.
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.
The village has a well-established local primary school in the middle, with St Peter’s independent school on its outskirts.
There is a gp surgery, church, public houses, a cafe and a convenience store with Post Office. Michael Caines restaurant and boutique hotel at Courtlands, are on the edge of the village.
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 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.
Exeter Central station is at the heart of Exeter’s lively shopping centre. The M5 at Junction 30 is just 8 miles away.
The Exe Estuary Trail, 26 miles of cycleway along both sides of the Rive Exe, is another of Lympstone’s many attractions.
Directions Travelling along the A376 from Exeter towards Exmouth, turn right at the traffic lights beside the Saddlers Arms public house into Longmeadow Road, continue for approx.
150m and turn left onto Longbrook Lane where the property can be found 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 currently not connected.
Broadband: (Openreach) under contract with EE. Estimated speeds - Standard: 5Mbps, Superfast: 80Mbps, Ultrafast: 1000Mbps.
Mobile signal: Several networks currently showing as available at the property including O2, EE and Vodafone. The vendors advise that the signal is variable throughout property.
Agents Note: The vendor advises the property is in Lympstone Conservation area. They also advise that the attic space and staircase do not have any building regulation certificates.
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
Agent & docs
FAQ
About 2 Westview Terrace,, Longbrook Lane, Lympstone
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