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See how verdicts work2-bedroom bungalow · EX39 1TL
Under offerListed 33 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A rare opportunity to acquire a 2 double bedroom end of terrace retirement bungalow within the sought after Lilybridge development exclusively for the over 55’s.
The property has been updated recently and includes a modern fitted kitchen including electric eye-level oven and hob and spaces for white goods.
The bungalow is located within the well maintained communal gardens and grounds.
There is a part time on site manager as well as an alarm call system, which is linked to a central monitoring station providing 24 hour assistance, should it be required.
Lilybridge is a small retirement development of 28 properties set within the village of Northam, which offers local amenities including a supermarket, post office, medical centre, dental surgery, library, restaurants and bars.
The coastal resort of Westward Ho! is a short distance away and boasts the oldest golf club in England, a long sandy beach and many other amenities.
The port and market town of Bideford is approximately 3 miles distant with a range of recreational facilities together with a range of schools, health centre and supermarkets.
The larger town of Barnstaple is located on the River Taw and provides access to the North Devon Link Road and the M5 at Junction 27 Tiverton.
Tenure: Leasehold 125 year lease commencing on 1st October 1989. Ground round is £75 per annum paid until 31st March 2027.
Annual service charge of £3087.14 which covers the cost of external maintenance for the development, upkeep of all communal parts, gardening, window cleaning, buildings insurance, central monitoring system and the onsite manager.
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 Lilybridge, Northam, Bideford
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