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 semi-detached house · EX32 0FG
Sold STCListed 383 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
NOW AVAILABLE TO NORTH DEVON DISTRICT. This stylish home features a contemporary fitted kitchen, a bright lounge-diner with patio doors opening to the landscaped rear garden, and a ground floor WC.
Upstairs offers two spacious double bedrooms and a modern bathroom. Outside, enjoy a private garden with patio and shed, plus driveway parking for up to two cars.
Perfect for first-time buyers, this shared ownership property combines modern living with affordability.
The ground floor showcases a contemporary fitted kitchen complete with integrated oven, hob, fridge/freezer and sink with drainer, all set within sleek cabinetry that maximises storage.
To the rear, a light-filled lounge-diner opens onto the garden through patio doors, creating an inviting space for relaxation or entertaining.
An understairs cupboard ensures practical storage solutions, while a ground floor WC adds everyday convenience. Upstairs, the home offers two spacious double bedrooms.
The bathroom is presented to a modern standard and features a stylish three-piece suite with vanity sink unit, WC, and a bath with overhead shower, ideal for both quick morning routines and unwinding in the evening.
White panel internal doors throughout provide a refined finishing touch.
The rear garden has been thoughtfully landscaped, featuring a patio for outdoor dining and paving up to the garden shed, perfect for enjoying sunny days.
A large storage shed, installed by the current owners, sits at the back of the garden, complimented by pedestrian side access. To the front, a driveway offers parking for one to two vehicles.
Full Market Value: £235,000 40% Share Price £94,000 Rental on Unowned 60%: £297.24 PCM Service Charge: £10.12 PCM Buildings Insurance: £14.19 PCM Local Connection Requirement: Applicants must have a local connection to Landkey Parish.
After three months, the eligibility area will be widened (please enquire for further details). Purchasing Options: If eligible, you may increase your share in the property over time.
Shared Ownership is a Part Buy, Part Rent scheme that helps you get on the property ladder with a smaller upfront payment.
You purchase an initial share of your home using a mortgage from a bank or building society, while paying a subsidised rent on the remaining share.
In most cases, the combined monthly mortgage and rent is less than the cost of buying a similar property outright.
Over time, you can purchase additional shares (known as staircasing) until you own your home outright at 100%.
Additional Costs Please be aware that Shared Ownership purchases may involve additional legal fees during the conveyancing process. Your solicitor will be able to provide advice on these.
Hallway - 3.53m x 2.08m (11'6" x 6'9") - Kitchen - 3.63m x 2.06m (11'10" x 6'9") - Open Plan Lounge Diner - 5.24m x 4.23m (17'2" x 13'10") - Wc - 1.93m x 1.02m (6'3" x 3'4") - Landing - 1.35m x 2.26m (4'5" x 7'4") - Bedroom 1 - 3.81m x 4.23m (12'5" x 13'10") - Bedroom 2 - 3.62m x 4.23m (11'10" x 13'10") - Bathroom - 1.98m x 1.88m (6'5" x 6'2") - Two Parking Spaces - Landkey offers a peaceful village atmosphere combined with excellent connectivity.
Within walking distance you’ll find everyday essentials, including a popular pub and the highly regarded Landkey Primary School.
The village is well served by a regular bus route into Barnstaple, while the Millennium Green, with its historic Mazzard orchard provides a beautiful backdrop for countryside walks and outdoor recreation.
Nearby Newport enhances the convenience with a local store, butcher, greengrocer, and both medical and dental practices.
Families are particularly well catered for with access to quality schooling, including the Outstanding-rated Newport Primary School and Park Secondary School.
Just a short drive away, Barnstaple acts as the main centre for North Devon, offering a wide variety of shops, cafés, and restaurants, as well as leisure facilities such as the Green Lanes Shopping Centre, theatre, leisure centre, and Tarka Tennis Centre.
Commuters benefit from a direct rail connection to Exeter, along with easy access to the M5 via the A361 North Devon Link Road.
For those who enjoy the outdoors, the spectacular beaches of Instow, Saunton, Croyde, and Putsborough are all within easy reach, perfect for surfing, sailing, or simply enjoying the coastal scenery.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Landkey
Explore nearby