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 bungalow · EX14 9RF
For saleListed 160 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well presented detached bungalow with plenty of parking and garden Situation - Located on the fringes of the village of Smeatharpe in the Blackdown Hills National Landscape.
The property enjoys easy access to the nearby village of Churchinford with a village shop and public house.
The market town of Honiton with rail link to London Waterloo and access to the A30 are within 10 miles from the property. Wellington, to the north, has access to the M5.
The larger town of Taunton has an excellent range of High Street shops and rail link to London Paddington. Exeter and the south coast are approximately a 40 minute drive.
Description - The accommodation is centred around an entrance hall providing access to all principal rooms. The sitting room features a woodburning stove set on a slate hearth.
The recently fitted kitchen offers a range of storage units, integrated and freestanding appliances, and underfloor heating, opening into the dining area with doors leading to the rear garden.
There are three bedrooms, served by the family bathroom.
The property also benefits from a self-contained annexe comprising a sitting/dining room, kitchenette, bedroom and shower room, ideal for multi-generational living or potential letting purposes, subject to any necessary consents.
Outside - To the front of the property is a driveway providing ample parking, bordered by an area of lawn and mature hedging.
To the rear, the garden features a patio ideal for entertaining and al fresco dining, with a lawned garden beyond.
The annexe also benefits from its own enclosed area of garden, comprising both patio and lawn. Services - Mains Electric and Water. Septic tank. Oil fired central heating.
Underfloor heating in the kitchen. Log burner in the sitting room. The current owners have had a new boiler and oil tank installed. Most doors and windows have been replaced.
Good outdoor mobile signal. Standard and Ultrafast broadband available within the property (Ofcom 2026).
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
FAQ
About Smeatharpe, Honiton
Explore nearby