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 work3-bedroom bungalow · EX39 3NJ
Listing removedListed 250 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Elevated detached two/three bed chalet bungalow on a private road within the popular Raleigh area conveniently positioned close to Bideford town.
The property has a kitchen/diner with fitted log burner, large master bedroom upstairs and fantastic south facing views over the local nature reserve.
Occupying a popular position on the south side of First Raleigh having an impressive aspect to the front with views across the adjacent Kenwith Valley Nature Reserve and beyond to town and open countryside.
The Raleigh area is on the fringe of Bideford Town just over half a mile from the shopping centre and quayside but actually within the village boundaries of Northam which is approx. 1 mile away.
Being pleasantly set between the two and on hand for the local amenities and wide choice of shops, schools and recreational facilities. The seaside resort of Westward Ho!
with its long sandy beach and adjoining Championship Golf Course is just 2 miles distant and there is easy access to the North Devon Link Road allowing direct communication to North Devon's principal town of Barnstaple (10 miles) and the M5 Motorway connection north of Tiverton approx.
45 miles. COUNCIL TAX BAND: D. TENURE: FREEHOLD SERVICES: All mains services. Gas fired central heating. uPVC double glazed windows.
AGENTS NOTE: First Raleigh is a private road and the Residents have created a voluntary association to take care of its maintenance and presently contribute approx. £100 per annum.
DIRECTIONS TO FIND: From Bideford Quay proceed as towards Northam passing Morrisons Supermarket on your right continue on for a short distance taking the second left turning, just prior to Rydon Garage.
Once in Northam Road take the first right turning and then veer left into First Raleigh and then veer right into another private drive with the property being shortly on your right hand side with name plate and a BRIGHTS For Sale board displayed..
The accommodation is presently arranged to provide (measurements are approximate):- UPVC double glazed door into: ENTRANCE HALL: Attractive tessellated tiled flooring, radiator, under stairs cupboard and stairs to the first floor.
Fitted carpet. LIVING ROOM: 4.52m x 4.19m max Superb elevated and south facing views. Coal effect gas fire with tiled hearth and mantelpiece surround. Radiator and fitted carpet.
BEDROOM TWO/DINING ROOM: 4.54m x 4.12m max Superb elevated and south facing views. Radiator and fitted carpet. BATHROOM: Fully tiled shower cubicle, low-level dual flush WC, wash basin and bath.
Extensively tiled walls, chrome ladder style radiator, extractor fan and vinyl flooring. KITCHEN/DINING ROOM: 7.34m x 3.33m Small log burner fitted with tiled backing and slate hearth.
Pantry style cupboard, radiator and laminate flooring. One and a half bowl single drainer textured sink unit with tiled splashback.
Four ring gas hob with extractor fan over, eyelevel oven, cupboards and drawers plus matching wall units within the dining area.
Space and plumbing for washing machine, cupboard housing the gas fired Worcester boiler. UPVC double glazed door into the rear garden. BEDROOM THREE: 3.65m x 3.32m Radiator and fitted carpet.
STAIRS TO THE FIRST FLOOR: Fitted carpet and sliding door storage cupboard.
BEDROOM ONE: 5.76m x 4.56m Superb elevated south facing views, radiator, fitted carpet and eaves storage space with slightly restricted headspace.
ENSUITE: Fully tiled shower cubicle with extractor fan, wash basin and low-level dual flush WC. Ladder style radiator and extensively tiled walls. Laminate flooring and further eaves storage.
OUTSIDE: The property is accessed via a private road shared with five other properties. In front of the property is a parking bay plus GARAGE 4.62m x 2.95m with an up and over door.
Steps lead up to stone chippings area with space for outdoor dining having metal railings.
There is access down both sides of the property to the REAR GARDEN being tiered with separate lawn areas, fruit trees and a patio at the top with two sheds. Cold water tap.
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
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FAQ
About First Raleigh, Bideford, EX39
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