2-bedroom bungalow · EX17 3RD
For saleListed 73 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Set within the grounds of a fascinating Grade II listed development on the edge of the popular market town of Crediton, this unique semi-detached bungalow offers an intriguing opportunity to acquire a unique home or investment opportunity.
The property forms part of a former institutional building, believed to date from the 1830s, which has enjoyed a varied past.
We are informed this particular property was added in the 1930s as an entertainment hall.
Today, the historic building and its grounds have been thoughtfully converted to provide a collection of apartments and individual lodges.
This lodge offers bright and spacious single-storey accommodation, now in need of updating and providing an excellent opportunity for a purchaser to modernise and personalise the property to their own requirements.
The accommodation currently comprises two bedrooms, a generous sitting room, kitchen and bathroom.
Of particular interest is the loft space, which is understood to offer potential for further accommodation, subject to the necessary consents being obtained.
The property also benefits from use of the communal gardens, providing shared outdoor space, together with a parking space. Positioned on the edge of Crediton.
the market town provides a range of everyday amenities, independent shops, cafés and transport connections.
DIRECTIONS: Using the What3Words App, search brochure.snowy.jumpy COUNCIL TAX: Band A LOCAL AUTHORITY: Mid Devon Council SERVICES: Mains electricity and water DRAINAGE: Mains drainage HEATING: Electric panel heaters BROADBAND: Part-fibre broadband available through Openreach MOBILE SIGNAL: Variable coverage depending on provider LISTED: Grade II Listed TENURE: Freehold CONSERVATION AREA: No FLOOD RISK: Very Low PLEASE NOTE: Our business is supervised by HMRC for anti-money laundering purposes.
If your offer to purchase a property is accepted, you will be required to meet the necessary checks under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.
This includes ID verification, anti-money laundering compliance, and source of funds checks. A fee of £25 (inc. VAT) will be charged for each verification carried out.
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
FAQ
About The Lodge, Western Road, Crediton, Devon, EX17
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