3-bedroom bungalow · EX5 5DG
For saleReduced £20.1k (−7.4%) on 4 SepListed 267 days
Opportunity summary
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About
An excellent opportunity to acquire this wheelchair accessible three-bedroom ground-floor 'bungalow-style' apartment featuring its own private entrance and garden.
The property is being offered for sale with no onward chain and includes access to a communal indoor heated swimming pool, tennis court, games room, and wine cellar.
Additionally, it comes with a single garage and an allocated parking space.
Situated on the northern outskirts of Exeter, approximately three miles from the City Centre, this property provides outstanding access to Exeter and, more locally, to Bernaville Garden Centre and a nearby pub.
Exeter St Davids Train station is located about two miles away, offering a superb connection to the rail network.
The accommodation boasts spacious rooms throughout, including a living room with double doors and views of the garden, an open-plan kitchen/dining room with double doors leading to the third bedroom (which can serve as a separate dining room), two additional bedrooms, an open-plan ensuite wet room, and a separate shower room.
Externally, there is an enclosed garden designated for the private use of this property. The garden is paved and features a charming seating area.
This property is part of the Grade II Listed Cowly Place, which was originally a private residence and converted in the 1990s into 14 dwellings.
Accessed via a long sweeping drive, residents can enjoy beautifully maintained communal grounds spanning nearly 11 acres.
The grounds offer delightful paths for exploring the estate and border the River Creedy at lower levels.
Accessibility The property is presently configured for a full-time wheelchair user and features an H frame ceiling track hoist installed in the living room, bedroom, and ensuite bathroom/wet room.
The current owners can remove this installation if it is not needed by a potential buyer. The ensuite bathroom includes a Kingcraft bath and has been designed as a wet room.
Material Information Construction notes: Brick and slate. The building and surrounds are Grade II Listed (being in the curtilage of the main house, where the staircase is listed.
Utilities: Mains electricity, gas, and water. Private drainage.
Broadband and Mobile Coverage: For an indication of specific speeds and supply or coverage in the area, we recommend checking with Ofcom by visiting their web site.
When visiting for viewings, please park in the visitors' parking spaces, marked with a V. Leasehold Information Length of Lease: 999 years from 24 June 1996 Annual Service Charge: £4,400 per annum.
Annual Ground Rent: Peppercorn Ground Rent. Service Charge Review Period: Annually Viewing Arrangements Strictly by appointment with Naomi J Ryan Estate Agents.
Referral Fee Disclosure We recommend sellers and/or potential buyers use the services of The Mortgage Quarter.
Should you decide to use the services of The Mortgage Quarter you should know that we would expect to receive a referral fee of £200 from them for recommending you to them.
You are not under any obligation to use the services and can seek alternative providers of these services. Further information is available on our web site.
Value & comps
No previous sales on record.
Returns
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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.
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FAQ
About 8 Cowley Place, Cowley, Exeter
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