2-bedroom house · EX2 7EN
Listing removedReduced £14.9k (−10.7%) on 21 JunListed 339 days
Opportunity summary
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About
*Watch the Seddons' Video Tour* A two bedroom Park Home on a permanent residential site on the outskirts of Exeter, close to Topsham and walks along the River Exe. Requiring some updating.
Small, sunny garden and designated parking space. No onward chain.
Longdescription This double sized park home offers spacious and comfortable accommodation in an enviable and convenient location at Newport Park, between Exeter and Topsham.
The property has been well maintained over the years with good external decoration, enhanced insulation and an established, easy to maintain garden.
Internally, there is the advantage of gas central heating and a relatively modern shower room, but it is fair to say the accommodation now requires updating with new windows, kitchen, redecoration and flooring required.
This presents an affordable opportunity to refurbish the property to taste over time and make a lovely home in a quiet area with a friendly and caring community spirit, designed for residents over the age of 50.
A small garden, paved patio areas, a greenhouse and sheds surround the home, and it lies a short walk from the stone wall along the River Exe, from which the views can be enjoyed and even access to the river for the more adventurous!
Services: Mains water (metered), electricity, drainage and gas. Council Tax: Band A Local Authority: Exeter City Council Ground rent under a new agreement: C. £200 per calendar month.
Agent's notes: The back door of the property, leading into the kitchen, has a ramp for ease of access. The property is for sale with no onward chain.
To comply with Section 21 of the Estate Agents Act, 1979, please note the vendors of this property are related to Rob Hann, Senior Partner of Seddon Estate Agents llp.
Newport Park lies conveniently between Exeter and the historic estuary port town of Topsham on the River Exe, with quick main road access to both and beyond to the M5 motorway at Junction 30.
Topsham's picturesque setting, range of independent shops and restaurants, and lively community life make it is one of the most desirable places to live in the Southwest.
Once a thriving port and shipbuilding centre, Topsham still retains a strong maritime flavour and there are lovely walks along the estuary, with beautiful sunsets in the west, across the water.
Topsham shopping also offers a vibrant mix of boutiques, galleries, gifts, fine wines and foods, and antiques.
On Topsham's outskirts, you will also find Darts Farm, a thriving farm shop, restaurant and retail centre, selling delicious local produce and offering a range of lifestyle shopping.
Topsham's charming passenger ferry takes passengers (and bikes) across the Exe for pleasant walking and pub lunches at two idyllic waterside pubs, the Turf and Double Locks.
You can also take short or long cruises to discover the wildlife of the Exe estuary or to Exmouth's sandy beaches. Topsham centre and station - c. 1 mile Exeter city centre - c. 3 miles Exmouth - c.
7.4 miles M5 motorway - c. 2.5 miles Please see the floor plan for the dimensions. The internal photos have been taken with a wide-angle lens to show more of the rooms.
Value & comps
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Returns
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Archie refurb estimate: a Pro feature
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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.
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