3-bedroom bungalow · EX17 1EW
Listing removedListed 241 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Check out this beautiful detached bungalow with three well-proportioned bedrooms, a welcoming sitting room, a separate dining room and a bright kitchen with a useful utility area.
The modern bathroom adds a fresh, contemporary feel and the conservatory opens onto a lovely wraparound garden that offers plenty of space to relax or entertain.
The property also benefits from off-road parking for two vehicles and is located on 'no through road'.
A pathway leads through the front garden to the front door, neatly sheltered beneath a storm porch.
Stepping inside, you are welcomed by a spacious entrance hall with a bright and open feel that sets the tone for the rest of the home.
To your right, the sitting room offers a generous and inviting space, filled with natural light from the large window overlooking the front garden.
A real flame gas fire creates a warm focal point and adds a cosy atmosphere. To the rear of the property, the kitchen and dining room provide a practical and sociable layout.
The kitchen is a good size with excellent storage and worktop space, along with room for a Range-style cooker, washing machine and an American-style fridge freezer.
The adjoining dining room offers plenty of space for a family table and creates an easy flow for everyday living.
A useful utility room sits just off the kitchen and provides additional storage and workspace.
To the side of the bungalow is a fantastic conservatory, fitted with light, power and a radiator, creating the perfect space to enjoy views of the rear garden.
There are three bedrooms in total, each with built-in storage. The third bedroom is currently arranged as a dressing room, offering flexibility for different needs.
The family bathroom features floor to ceiling tiles and includes both a bath and a separate shower, a heated towel rail, WC and wash basin.
The current owners have explored the potential to add a dormer and convert the loft into a master bedroom suite with a dressing area and an upstairs bath or shower room.
This would be accessed from the entrance hall and would create a four-bedroom home, subject to the necessary consents.
Outside, the gardens wrap around the property to create a spacious and flexible setting.
The front is designed for low maintenance with stone chippings and off-road parking for two vehicles side by side.
The side and rear gardens are enclosed with gated access and offer a lovely mix of seating areas, raised vegetable beds and mature planting that provides excellent privacy and a wonderful outlook from the conservatory, as well as a fishpond, two sheds and an open-fronted store Tenure - Freehold Council Tax Band D
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
Agent & docs
FAQ
About 2, Creedy Road, Crediton
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