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 work2-bedroom bungalow · EX8 4RR
Listing removedListed 172 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A double glazed door on the side of the property leads into the hallway with doors to all rooms and the loft access hatch.
The main bedroom is front facing with a large double glazed window, panel radiator and room large wardrobe, bedroom 2 is also front facing with a double glazed window and panel radiator.
The re-fitted shower room now boasts a large walk-in shower with glass screen, heated towel rail, brick effect tiling to full height, modern WC, frosted double glazed window, inset spotlighting and wash hand basin with storage under.
The lounge/diner is rear facing and enjoys views of the rear garden via a full height double glazed window and door, has a modern upright radiator, wood laminate flooring and further door leading to the kitchen.
The kitchen has a good range of base and wall mounted units including cupboards and drawers.
Inset gas hob with extractor over and newly fitted oven under, rear facing double glazed window, inset sink with drainer and mixer tap, plumbing and space for washing machine & tumble dryer, tiled splashback and side access door.
Outside, to the rear of the property, you have a patio area with the majority of the sunny garden being lawn, side access path & gate, mature border hedging, wooden panel fencing and high hedging to one end giving it a private feel.
To the front you have a brick paved driveway for 2 vehicles and an EV charger.
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 50, Evergreen Close, Exmouth
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