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See how verdicts work3-bedroom bungalow · EX13 7BR
Listing removedReduced £20k (−4.3%) on 24 MarListed 424 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well presented detached bungalow set in a generous plot of 0.23 acres with two garages, large driveway and private gardens. No onward chain.
The Property South Leas is welcomed to the market for the first time in over 30 years and offers buyers a fantastic opportunity to acquire an individual single storey residence in the favoured East Devon village of Chardstock.
The property is believed to have been constructed some fifty plus years ago by Chubbs the builders, who were a renowned local building company from this era.
The property has been well cared for and maintained but would now benefit from some general updating.
Accommodation The property follows a traditional arrangement with all principal rooms set off the main entrance hallway where you will also find access to a good size loft space and linen cupboard.
The sitting/dining room spans the full depth of the bungalow and enjoys a lovely triple aspect.
This spacious arrangement provides an ideal area for entertaining with the adjoining conservatory overlooking the rear garden.
There is a well-appointed kitchen fitted with a traditional range of units, an oil two oven aga and separate electric oven with hob.
The property features three bedrooms, with an en-suite shower room to the master and family bathroom.
Outside South Leas sits will within its plot with established well maintained gardens measuring in the region of a quarter of an acre.
To the front of the bungalow is a gated brick paved driveway with lawn garden and established shrubs. There are two generous garages including one with a workshop area.
To the rear elevation is a further lawned garden including a wide variety of plants, mature trees and shrubs.
Patio seating area with summerhouse and a productive vegetable garden including fruit trees and greenhouse.
Situation South Leas sits centrally within the East Devon village of Chardstock and in walking distance of local amenities.
These include a community run post office/stores, parish church and village hall. Chardstock also offers many social clubs, bowls green and cricket club.
The adjoining village of Tytherleigh has a popular farm shop and The Tytherleigh Arms, renowned for its quality cuisine.
The village is situated midway between Axminster and Chard (4 miles) both of which offer a good range of amenities, independent shops, chain stores and supermarkets.
Axminster also has a mainline railway station on the Exeter to Waterloo line. The area around the village is popular for walking and riding.
The Jurassic heritage coast at Lyme Regis and Seaton is some 10 miles to the south. Directions What3Words ///shadowing.acid.riches Services Mains electric and water.
Private drainage Superfast broadband available. There is mobile coverage in the area. Please refer to Ofcom's website for more details.
Local Authority East Devon Council Tel : Council Tax Band : E Material Information The property is at very low risk from flooding from rivers and seas, and surface water.
The sellers are unaware if the current private drainage system complies with building regulations.
The oil tank is currently situated in the workshop/garage and does not comply with current building regulations.
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
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FAQ
About South Leas, Back Lane, Axminster
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