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 work3-bedroom bungalow · EX36 3FT
Listing removedListed 256 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Immaculately presented three bedroom detached chalet bungalow with a garage and off street parking, enjoying a quiet location on the new Bee Meadow development.
5 Carder Way was constructed in 2022 by Baker Estates and therefore has the remainder of a 10 year NHBC warranty.
The accommodation is immaculately presented and plentiful in natural light, comprising a spacious central entrance hall with built in storage cupboard and a downstairs toilet housing a WC and wash hand basin.
To the right is the open plan kitchen / dining room, which has patio doors leading out to the garden.
The kitchen is well fitted with a range of wall and base units, stainless steel sink and drainer with mixer tap, electric induction hob and double oven.
There is also an integrated fridge / freezer and space and plumbing for a washing machine and dishwasher.
Double doors lead through from the dining area into the living room, enjoying an abundance of natural daylight and patio doors leading out to the rear garden.
Bedroom one is located on the ground floor, just off the hallway, and is a brilliant size with en suite shower room.
The en-suite has a double shower cubicle, wash hand basin, WC and heated towel rail.
Stairs rise from the hallway to the first floor, where bedrooms two and three are located which are both good sized double rooms.
There is also a storage cupboard of substantial size accessed off the first floor landing.
Completing the accommodation is a family bathroom with WC, wash hand basin, heated towel rail, bath and overhead shower. The property is fitted with top of the range carpets and Hillary fitted blinds.
The bungalow sits in a superb position on the development, being in a quiet tucked away area of Bee Meadow.
To the front of the bungalow is a paved path leading to the front door, bordered with grass and shrubbery.
To the right of the bungalow is a tarmacadam driveway with space for three cars leading to the garage. The single garage has power and light and a pedestrian door to the rear garden.
The rear garden is a fantastic feature of this home. It is enclosed with timber fencing at the far end, a wall to the left hand side and the garage to the right.
It is mainly laid to lawn and also has a spacious patio area, perfect for al fresco dining. There is a pedestrian gate leading back to the driveway and a useful outside tap.
N.B: Our agents have been advised that there is a site management fee of approximately £177 per annum.
From our office leave the square via Barnstaple Street, stay on this road and at the very top of the hill is the turning to Bee Meadow.
Take the first left turning into Carder Way and turn left again, where number 5 will be found on your left hand side.
///dives.wacky.laces Living Room 4.95m x 4.11m Kitchen/Dining Area 6.93m x 3.18m Master Bedroom 3.78m x 3.18m Ensuite Shower Room FIRST FLOOR Bedroom 2 5.3m x 3.38m max Bedroom 3 5.4m x 2.82m VIEWINGS Strictly by appointment through the sole selling agent COUNCIL TAX BAND D - NDDC TENURE Freehold SERVICES All mains services connected.
MAINTENANCE CHARGE There is an approximate maintenance charge of £272.18 for the year 2024/2025.
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 5, Carder Way, South Molton, Devon, EX36
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