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 work1-bedroom flat · EX14 1PQ
Listing removedListed 209 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Communal wooden front door to stairs rising to... First floor Private door to... Hallway Small storage cupboard, fuse boxes and door to...
Lounge 4.45m (14'7") x 4.24m (13'11") Sash window to front aspect, feature open fireplace with painted ceramic tiled hearth surround with mantle over, television point, two storage cupboards, picture rail and night storage heater.
Kitchen/dining room 3.98m (13'1") x 3m (9'10") Base units with rolled edge work surface, inset sink with drainer, space and plumbing for washing machine, space for electric cooker, wooden laminate flooring and door to...
Bedroom 3.86m (12'8") x 3m (9'10") An irregular shaped room with windows to both sides aspects, airing cupboard housing factory lagged hot water cylinder with storage space under, night storage heater, picture rail and access hatch to loft space.
Bathroom With white suite comprising panelled bath with hand grips and mixer shower attachment, part ceramic tiling to walls, obscure glazed window, low level WC, pedestal wash hand basin with tiled splashbacks, part sloped ceiling and attractive slate tiled effect laminate flooring.
Flat 54a has a 999 year lease which commenced on 15th August 1994 (so 967 years remaining).
The lease is owned jointly by the three properties who employ a management company (presently Red Homes Lettings) to administer the building.
Each tenant pays 100 monthly into a fund to cover landlords services which include buildings insurance, common electricity, fire alarm servicing, external decoration, etc.
For room sizes and dimensions please see floorplan.
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
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FAQ
About 54a, High Street Devon, Honiton
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