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 work1-bedroom terraced house · EX39 2DL
For saleListed 502 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A Freehold Investment property comprising 4 Leasehold Flats and 1 Office/Store currently yielding £2740 PA Gross.
The Freehold comprises 4 flats leased on 120 Year Leases from 1986 and the Office/Store let on an Annual Licence The Ground Rents for the Flats are £50 for the First 40 Years, £100 for the next 40 years and £150 for the last 40 Years.
The Current rent for the Office/Store is £195 PCM Gross. Directions to find: from Bideford Quay proceed up High Street turning left into Grenville Street.
Pass the Pannier Market on your right and turn up Honestone Street. No 3 will be seen on the left.
The tenants are responsible for the maintenance of the Building with the exception of the Office/Store. There is an enclosed courtyard to the rear providing a drying area for the tenants.
what3words /// crabmeat.bypassed.topping 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.
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
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 Honestone Street, Bideford
Explore nearby
