4-bedroom bungalow · EX17 2DL
For saleReduced £20k (−4.3%) on 22 SepListed 77 days
Opportunity summary
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About
This wonderful modern home is situated in a very popular residential area of Crediton benefiting from easy access to the town centre.
The property has been extended and improved and provides comfortable accommodation including 25' living room, 15'5'' kitchen, 25' conservatory, four bedrooms, two bathrooms, studio, workshop and utility with good size rear gardens.
Location Crediton is an old Mid Devon market town with a wealth of history, being situated just 7.5 miles north-west of the Cathedral City of Exeter with the M5 motorway some 3 miles further on.
There is a regular daily bus service to Exeter plus trains every hour to Exeter and Barnstaple and a local town bus which covers most urban areas.
It has excellent schooling facilities at both senior and junior levels. The town has a selection of shops with a Morrison’s, Lidl and a Tesco superstore.
Description An entrance porch opens to the inner hall with stairs to the first floor and a door to the 25'9'' sitting room with a window to the front and doors to the conservatory.
The hallway also gives access to the bathroom and second bedroom which overlooks the front and side. The kitchen is well fitted with a range of wall and base units and space for a range cooker.
A walkthrough leads to the 21' conservatory overlooking the rear gardens.
From the kitchen a door opens to the utility area with a door to the rear garden, door to the shower room and stairs to the master bedroom with Velux windows to two aspects.
A studio and workshop have also been created by converting the garage but could easily be changed back. Two further first floor bedrooms complete the accommodation.
Outside there are open plan front gardens while the rear gardens enjoy a lawned area with flower and shrub borders and a large patio/entertaining area including a freestanding pool!
Material Information What3Words: ///finds.product.paddlers Freehold Mains electricity, water and drainage Gas fired central heating and hot water Owned solar panels to the roof Mid Devon District Council - Band D Parking: Driveway parking and garage if converted back from its current use Agents Note: In accordance with S21 of the Estate Agents Act 1979, it is hereby disclosed that the Vendor of this property is a relative of an Employee of Bradleys Estate Agents.
Value & comps
No previous sales on record.
Returns
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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 13, Okefield Road, Devon
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