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See how verdicts work2-bedroom bungalow · EX15 1QP
Sold STCListed 211 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A detached ‘Woolaway’ construction bungalow set within 1.8 acres in an accessible location close to the M5. Potential refurbishment or replacement development subject to necessary consents.
M5 J28 & Cullompton 1.3 Miles. Two Bedrooms. Garage & Parking. Exeter 12 Miles. Council Tax Band B. EPC Band E. Freehold.
Description - This detached 'Woolaway' construction bungalow is well situated between Cullompton and Willand just 1.3 miles from Junction 28 of the M5.
The property presents as a development opportunity for refurbishment or replacement with a new dwelling or further development of the site, all subject to necessary permissions required.
The current accommodation is arranged as two bedrooms, bathroom, lounge and kitchen. Views to the front can be enjoyed from its elevated position.
The property enjoys excellent access to the wide facilities Cullompton provides, with a range of independent shops, supermarkets, primary and secondary schools, doctors and restaurants.
Exeter is 12 miles and Tiverton Parkway Station 5 miles Services - Mains electricity, water. Private drainage via septic tank. Oil Fired Central Heating.
Ofcom predicted broadband services – Standard & Ultrafast broadband available. Ofcom predicted mobile coverage: Internal (variable) - EE, Vodafone, Three and O2. External - EE, Three, O2 and Vodafone.
Local Authority: Mid Devon Council. Directions - From M5 J28 Cullompton, take the B3181 towards the town centre. At the roundabout, take the 2nd exit along Millennium Way.
Proceed taking the 2nd exit of the next three roundabouts, travelling towards Willand. The property can be found on the let opposite 'The Steamer' cafe at Five Bridges.
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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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 Five Bridges, Cullompton
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