3-bedroom bungalow · EX15 2RL
Listing removedListed 383 days
Opportunity summary
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About
*Watch the Video Tour* A very spacious, detached chalet bungalow requiring updating, with an extensive garden and the possibility of a potential building plot.
Lying in the popular Old Village of Willand, a short step from the bus stop, shop and church.
Quick access to both Junctions 27 & 28 of the M5 and Tiverton Parkway Station (London Paddington in 2 hours).
Longdescription - Elmscroft was built in 1994 and has been a much-loved family home over the years.
The versatile accommodation is spacious and arranged over two floors, with a large downstairs bedroom, with en suite bath/shower room, offering great flexibility for multi-generational living or those seeking the convenience of ground floor living.
All of the bedrooms have built in wardrobes and the two first floor bedrooms are large double rooms with dormer windows and useful, adjoining eaves storage.
The living space is approached from the porch and generous reception hall, with a large airing cupboard and cloakroom to one side and the stairs to the first floor, with an attractive balustrade.
The kitchen is fitted with the original oak units providing plenty of storage and work surface and including an eye level, double oven and grill and a four-ring gas hob.
A squared arch leads to the dining area, perfect for everyday use.
Beyond the kitchen, lies the utility room, housing the gas boiler, a sink unit, cupboard storage, space for appliances, and a door to the rear garden and useful access to the garage.
The main reception room is a prime feature of the property with ample space for a large sitting area and dining table and chairs. A sliding patio door leads out to the conservatory.
Whilst this is a spacious and comfortable, additional sitting room which has been in regular use, it requires significant remedial work or replacement.
In general terms, the accommodation is very comfortable and was originally well-appointed but would benefit from some updating to set it up for the next thirty years.
However, with all the space available, this could readily be done room by room, over time.
Outside, Elmscroft is approached via its own private drive and parking, leading to the garage, with a strip of garden beside it.
This gives access to the rear, lawn garden with established border hedges providing a high degree of privacy, and has a good sized, sunken swimming pool in the middle, great fun in the summer months for family and grandchildren.
The pool has a pump cleaning system outside the garage.
Beyond the initial garden, and offset, there is another, large square garden plot, approximately 0.15 acres and recently laid to lawn for ease of maintenance, after decades of use as a vegetable garden.
This area adds great amenity value to the enjoyment of the house and potential for a building plot, with access to be created from directly beside the bungalow, subject to relevant planning consents.
If this were developed in the future, our clients will reserve the right to an overage payment reflecting the uplift in value between a garden plot and building plot, with planning.
Seddons would be pleased to discuss this further with any interested parties and recommend advice is also sought from a solicitor in the early instance.
Within the second garden area, there is a long, narrow lean-to store shed attached to the neighbouring property which if removed, could widen potential access.
If any purchaser of Elmscroft would prefer not to take on such a large garden, there may be some flexibility to pare it away from the sale if the vendors considered this a viable option.
Services: Mains water (metered), electricity, drainage and gas.
Tenure: Freehold Council Tax: Band Local Authority: Mid Devon District Council Elmscroft lies close to the post office/shop, bus stop and church in the Old Village and there are other local amenities including a primary school, mini markets, a service station, pub and village hall.
The village now lies in the catchment area for the popular Uffculme School, offering secondary education and Ofsted rated 'Good' and 'Outstanding' in all areas.
Willand lies within easy reach of the more extensive services of Cullompton and Tiverton and Junctions 27 and 28 of the M5 motorway can be quickly accessed, both within three miles.
Regular bus services also pass through Willand and there are trains from the nearby Tiverton Parkway station (London Paddington in around 2 hours). Junction 28 M5/Cullompton c. 3 miles Exeter c.
17 miles Junction 27 M5/Tiverton Parkway c.3 miles Exeter Airport c. 16 miles Taunton c. 22 miles Please see the floor plan for the dimensions.
The internal photos have been taken with a wide-angle lens to show more of the rooms.
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
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FAQ
About Willand Old Village, Willand, Cullompton
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