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 house · EX24 6AF
For saleListed 132 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A superb two bedroom period cottage with en suite shower, enclosed garden and allocated parking space. No onward chain. The Property 2 Elm Cottages is an outstanding home set in the heart of Colyford.
The property forms part of an attractive terrace of properties which were originally farm buildings.
The cottage has been sympathetically modernised and extended some 10 years ago by a local developer.
Part of the renovation works included a stunning kitchen extension along with modernisation throughout and creating allocated parking accessed from Fair View Lane.
Built of stone elevations with a modern rendered front elevation this pretty period cottage is welcomed to the market in turn key condition with the benefit of current conveniences such as gas fired central heating and extensive double glazing.
To the ground floor is a delightful kitchen, fitted with a wide range of cream front wall and base units with wood effect work surfacing and a full range of integral appliances.
The downstairs bathroom has again been finished to an excellent standard of specification with a contemporary white suite including a shower over the bath and extensive tiling.
While the characterful sitting room features a large brick built fireplace housing a wood burning stove and a good size understairs storage cupboard.
To the first floor are the two bedrooms, one double and one single, both with fitted/built in storage. The master bedroom benefits from an en suite shower room.
Outside The property is accessed via the front garden which has been paved for ease of maintenance. There is a small garden store along with outside lighting and water supply.
The total is well enclosed with timber fencing and provides access to the allocated parking bay.
Situation Colyford is a historic village set a few miles inland from Seaton along the A3052 midway between Lyme Regis and Sidmouth.
The village has an excellent community which supports a village Post Office, an independent butchers and two public inns, The Wheelwright and the White Hart.
The former petrol station is now a listed building and houses a café. The village is also renowned for its Tramway.
The small town of Colyton is under 2 miles away and offers a selection of local shops and fine old church that dates back to Saxon times. The excellent Colyton Grammar school is just up the road.
Nearby resorts include Seaton, 2 miles and Lyme Regis, 8 miles, both on the Jurassic coast.
Seaton has a much wider range of day to day amenities and facilities while Lyme Regis is renowned for its sandy beach and centuries old cobb.
There is a main line station at Axminster on the London Waterloo line and the regional capital of Exeter is some 25 miles to the west and has connections to the M5 motorway plus a regional airport.
Directions ///zoom.vessel.attention Services Mains electric, gas, water and drainage.
Broadband : Superfast broadband is available Mobile Network Coverage : There is mobile coverage in the area, please refer to Ofcom’s website for more details.
Source - Local Authority East Devon Council Tel : Council Tax Band: B Material Information The area around the property is at a very low risk from flooding from rivers and seas, and high risk from surface water.
Our client has confirmed that the property has never suffered from an ingress of water during their ownership and have owned the property since it was converted in 2015.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
.png)
FAQ
About 2 Elm Cottages, Fair View Lane, Colyton
Explore nearby