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 work4-bedroom detached house · EX11 1GL
Sold STCListed 70 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Built in 2017 by a respected developer to a high specification, this superb detached family home is beautifully presented throughout and benefits from solar pv panels, EV charger and the remainder of its NHBC warranty.
Accommodation The heart of the home is a stunning open-plan kitchen and dining room, flooded with natural light and designed for modern family living and entertaining.
Featuring contemporary high-gloss cabinetry, quality worktops, a central island and French doors opening onto the garden, it provides a stylish and sociable space.
A separate sitting room offers a comfortable retreat, while an additional snug with garden access, a study, utility room and cloakroom complete the ground floor.
First Floor Upstairs, there are four generous double bedrooms. The principal suite enjoys fitted wardrobes, countryside views and a luxurious en-suite with both bath and separate shower.
The remaining bedrooms are served by a well-appointed family bathroom.
Outside Outside, the south-west facing rear garden has been beautifully landscaped to create a private haven with uninterrupted countryside views.
A large paved terrace and contemporary glass-roofed veranda provide excellent entertaining space, complemented by a level lawn, colourful planted borders, timber shed and gated side access.
Parking The property also benefits from a detached garage with power and a driveway providing tandem parking, with EV charging point.
Material Information Tenure: Freehold Mains Services Connected: Gas, electric, water and drainage.
Solar pv tiles Council Tax: East Devon District Council, Tax Band F Parking: Long driveway plus garage with EV charging point.
Planning: Planning Permission has been refused for development of the field to the rear.
Management Fee: There is a management fee for the maintenance of communal areas within Gerway Close; this is currently approximately £350 per year
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 29, Gerway Close, Devon
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