Modern Method of Auction
Auction date not yet published
2-bedroom property
For saleListed 2 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary A spacious two double bedroom park home occupying a desirable corner plot position on the edge of Rydon Park, Exeter, offering bright and well-proportioned accommodation, private gardens, off-road parking close by, and excellent potential for modernisation.
Exclusively for the over 55s.
Description Situated in an attractive corner plot position on the edge of the sought-after Rydon Park development, this spacious two double bedroom park home offers well-balanced accommodation, pleasant outdoor space, and excellent scope for updating.
The property benefits from a bright and airy open-plan living and dining area, where multiple windows allow natural light to flood the space.
The fitted kitchen provides ample storage and workspace and enjoys direct access to the rear garden, making it both practical and convenient.
There are two well-proportioned double bedrooms, alongside a shower room, completing the internal accommodation.
While the property would benefit from some general modernisation, it offers an excellent opportunity for purchasers to add value and create a home tailored to their own style and requirements.
Externally, the home enjoys a pleasant position on the edge of the park with easy access to off-road parking at the front.
The surrounding garden has been designed with low maintenance in mind and features a combination of patio and gravel seating areas.
A brick-built garden shed provides valuable additional storage space. Exclusively for the over 55s. Auctioneer's Comments This property is offered through Modern Method of Auction.
Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited.
This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT.
This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack containing documents about the property.
The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding.
A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack.
Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral.
These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.
Agents Notes There are a number of obligations on both sellers and buyers when completing the process for purchasing a park home.
Sites often have requirements specific to the purchase and to 'the site' in general, which includes paying the site owners commission.
Intending purchasers should satisfy themselves about any such requirements including any specific restrictions on occupancy or residential use of the home.
Purchasers are strongly advised to take advice from a solicitor. Guidance can be sought from Park homes - () Pitch fees are currently £2000.44 per annum.
There are restrictions regarding keeping pets (one pet per home only), running a business, sub-letting, keeping boats, caravans or mobile homes on site and holiday home use.
Please enquire with the Branch. Living/ Dining Room Open plan layout with two double glazed side and two front aspect windows, a door to the side, and two wall mounted radiators.
Kitchen Double glazed rear aspect window and door, wall and base units, work surfaces, over and hob with extractor over, space for washing machine and fridge freezer, boiler, wall mounted radiator.
Bedroom 1 Double glazed rear aspect window, storage cupboard, wall mounted radiator. En-Suite Double glazed side aspect window, shower, low level toilet, wash hand basin.
Bedroom 2 Double glazed front aspect window, wall mounted radiator. Bathroom Double glazed front aspect window, shower, low level toilet, wash hand basin, wall mounted radiator.
Outside Wrap around garden with gravel and patio areas, brick-built garden shed and low fenced border. 1.
Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
Value & comps
No previous sales on record.
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Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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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
About Rydon Lane, Exeter
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