3-bedroom house · EX15 3JL
Sold STCListed 170 days
Opportunity summary
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About
Wilkie May & Tuckwood are delighted to be marketing Shalimar which has been in the same family for 40 years and now offered to the market with NO ONWARD CHAIN.
This detached chalet bungalow offers three bedrooms, integral garage/workshop, further detached garage with potential for annexe, some wonderful countryside views and is now in need of general updating.
There is also potential to extend subject to the necessary planning permissions.
Situated down a private driveway shared with one other property, this individual detached chalet style bungalow currently comprises an entrance hallway/garden room complete with access to the 27ft integral garage which also offers a useful utility space.
The kitchen is fitted with a comprehensive range of matching wall and base units, tiled splashbacks and contrasting worktops and enjoys a large picture window overlooking the front aspect along with plenty of space for kitchen appliances and a dining room table.
The main sitting room is situated to the rear and is generous in size and benefits from a central fireplace which currently houses an electric fire creating a real focal point to the room whilst large patio doors open into the spacious conservatory which the current homeowners use as a dining room and benefits from views along the valley.
There are two well balanced double bedrooms on the ground floor serviced by the part tiled family bathroom which offers a three-piece white suite.
Stairs rise from the sitting room into a landing area with storage and a further double bedroom along with eaves storage.
There is additional attic space which is currently used as storage that may be able to be converted into further accommodation if required.
Externally the bungalow occupies an impressive plot with countryside walks close to hand in the favourable village location of Culmstock and benefits from level gardens which surround the property on three sides.
The gardens include an apple tree, pond along with interspersed mature planting with the main feature being the views down the valley.
Furthermore, there is a detached garage/workshop which has the potential for a multitude of purposes along with driveway parking for several vehicles.
Shalimar enjoys a peaceful retreat yet has the added benefits from being close to village amenities and road and rail networks.
LOCATION Situated on both sides of the River Culm, and joined by an old stone bridge, Culmstock is a picturesque parish village nestled within the Culm Valley at the foot of the Blackdown Hills.
This thriving village offers an excellent range of facilities including deli style shop and café known as The Strand, popular public house, garage, primary school and church.
The nearby settlements of Hemyock and Uffculme provide further amenities such as doctors surgery and the highly respected Uffculme Secondary School.
Junction 27 of the M5 is approximately 4 miles distant and the mainline railway station, Tiverton Parkway is located close by.
DIRECTIONS From Junction 27 of the M5, head towards Wellington on the A38. After approximately 3 miles turn right at the crossroads signposted Culmstock.
As you enter the village of Culmstock follow the road around to the right-hand side, after 50 yards turn left into Harts Row and then just before the two white cottages ahead of you there is a small private drive on the right hand side, Shalimar is up the drive on the left hand side.
AGENTS NOTE There is a shared driveway with one other property.
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.
Area
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FAQ
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