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 work2-bedroom bungalow · EX8 2LT
Listing removedReduced £80k (−29.1%) on 5 MarListed 400 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A rare and exciting opportunity to acquire this deceptively spacious, two-bedroom, detached, bungalow, situated upon a good sized plot being located in one of Exmouth`s more favoured residential areas convenient for the stunning seafront.
Although some applicants may consider the improvement of the bungalow it would be highly expected that those from the builder-developer fraternity will consider total redevelopment of the site into a pair of semi-detached houses, subject to all the necessary consents being obtainable.
Located at the mouth of the River Exe, Exmouth is surrounded by the charming Devon Countryside yet is only twelve miles by road or rail from the Cathedral city of Exeter with its intercity railway station, airport, connection to the M5 motorway and all major shops and facilities.
The Town of Exmouth enjoys over three miles of golden sands and a huge estuary and East Devon Coastline, including facilities of Woodbury Park Golf and Country Club.
A vast range of other amenities including sailing, boating, water skiing, walking, a modern sports centre, swimming pool and Marina are all available.
Exmouth Town also has a range of shops, a variety of Restaurants, Marks and Spencer Foodhall, Several Primary Schools and Exmouth Community College and many other amenities.
ACCOMMODATION Entrance hallway, kitchen, living room, conservatory, two bedrooms, bathroom/WC and further bathroom with shower and WC.
Outside: the property enjoys double driveway that leads to a large integral garage. To the rear of the property is a pleasant and mature enclosed garden. TENURE Freehold with vacant possession.
EPC Rating: E. WHAT3WORDS///noting.jams.melt MOBILE & BROADBAND COVERAGE Broadband: Ultrafast available Mobile: Likely outside, may be variable inside.
Source: ofcom.org.uk VIEWINGS Block viewings available. Please call us on to arrange.
IMPORTANT INFORMATION All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum (if applicable), which will be available on Auction Day.
AUCTION LEGAL PACK & FINANCE Copies of the legal pack and special conditions of sale are available online to be downloaded, via the tab on the online auction property listing page.
It is the purchaser`s responsibility to make all necessary legal, planning and finance enquiries and surveys prior to the auction.
PRICE INFORMATION Guides are provided as an indication of each Seller`s minimum expectation.
They are not necessarily figures at which a property will sell for and may change at any time prior to Auction.
Unless stated otherwise, each Lot will be offered subject to a reserve price (a figure below which the Auctioneer cannot sell the Lot during the Auction).
This reserve figure cannot be higher than 10% above a single figure guide. Please check our website regularly at or contact us on for up to date information.
At the fall of the hammer contracts are exchanged and there is no going back!
AUCTIONEERS NOTES The auctioneers, as always, are unaware of the construction type and as detailed in the auction terms it is for the purchaser to have made their enquiries and survey investigations.
Council Tax Band - C What3words - ///noting.jams.melt Mortgage Assistance We are pleased to recommend Meredith Morgan Taylor, who would be pleased to help irrelevant of which estate agent you finally buy through.
For a free initial, no obligation chat please contact us on to arrange an appointment. Your home may be repossessed if you do not keep up repayments on your mortgage.
Meredith Morgan Taylor Ltd is an appointed representative of Openwork Limited which is authorised and regulated by the Financial Conduct Authority (FCA).
The agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose.
A buyer is advised to obtain verification from their Solicitor or Surveyor. References to the tenure of the property are based on information supplied by the seller.
The agent has not had sight of the title documents. A buyer is advised to obtain verification from their Solicitor.
Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation.
Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.
Please note that all personal information provided by customers wishing to receive information and/or services from Meadows Estate Agents will be processed by the estate agent, the Meadows Estate Agents for the purpose of providing services associated with the business of an estate agent and for the additional purposes set out in the privacy policy (copies available on request) but specifically excluding mailings or promotions by a third party.
If you do not wish your personal information to be used for any of these purposes, please notify Meadows Estate Agents.
Notice Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items.
All measurements are approximate and photographs provided for guidance only.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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 Hamilton Road, Exmouth
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