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See how verdicts work2-bedroom terraced house · EX18 7DX
For saleListed 96 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on the popular Ladywell Meadows development in Chulmleigh, this well-presented two-bedroom terraced home was built approximately eight years ago by Devonshire Homes and would make an ideal first-time purchase, investment or home for those looking to downsize.
Conveniently located close to Chulmleigh's well-regarded schools, the property also benefits from air source heat pump central heating.
The accommodation is thoughtfully arranged and comprises an entrance hallway with a cloakroom/WC, a fitted kitchen with window to the front elevation, and a spacious lounge/dining room with a useful understairs storage cupboard and double doors opening onto the rear garden.
On the first floor are two generous double bedrooms together with a modern family bathroom.
Outside, the property enjoys a level, enclosed rear garden, laid mainly to lawn with a patio seating area and a useful storage shed.
A parking space is located within the nearby parking area, adjacent to the garden, providing convenient off-road parking.
Service Charge: Please note there is a service charge payable towards the maintenance of the communal green areas and shared spaces within the development. The current charge is to be confirmed.
Tenure: The property is being sold as a freehold.
It is currently held under a shared ownership arrangement; however, the seller has obtained approval to staircase to 100% ownership simultaneously with the sale.
As a result, the purchaser will acquire the property as a standard freehold with no ongoing shared ownership interest. We understand there are no local occupancy restrictions.
Please note that some photographs have been enhanced using artificial intelligence (AI) for marketing purposes. No material features of the property have been altered.
WHAT3WORDS: ///stickler.unguarded.perused VIEWINGS Strictly by appointment through the sole selling agent SERVICES Mains electricity, water and drainage.
Air source heat pump heating/hot water. TENURE The property is being sold as a freehold.
It is currently held under a shared ownership arrangement; however, the seller has obtained approval to staircase to 100% ownership simultaneously with the sale.
As a result, the purchaser will acquire the property as a standard freehold with no ongoing shared ownership interest. We understand there are no local occupancy restrictions.
Buyers are advised to verify these details with their solicitor during the conveyancing process.
MAINTENANCE CHARGE Please note there is a service charge payable towards the maintenance of the communal green areas and shared spaces within the development.
The current charge is to be confirmed. COUNCIL TAX BAND B
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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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 Ladywell Meadows, Chulmleigh, Devon, EX18
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