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 terraced house · EX1 3WA
Sold STCListed 208 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Welcome to this attractive end of terrace home, offered for sale on a leasehold, shared ownership basis with a 60% share available through LiveWest.
Thoughtfully designed and well maintained, the property presents an excellent opportunity for first time buyers, downsizers, or anyone seeking a modern, low maintenance home in a popular residential area.
Upon entering the property, you are greeted by a welcoming hallway. The stylish, modern kitchen is equipped with contemporary units and ample worktop space, making it ideal for everyday cooking.
The ground floor also benefits from a convenient downstairs W.C., adding to the practicality of the layout.
Moving through to the rear of the property, the spacious living/dining area offers a comfortable and versatile space with direct access to the garden, allowing natural light to flow in and enhancing the sense of openness.
Upstairs, the home features two well-proportioned bedrooms, both of which provide ample space for furnishings and storage.
They are served by a modern family bathroom, fitted with a clean and neutral suite that complements the home’s overall contemporary feel.
Outside, the enclosed rear garden offers a wonderful mix of lawned and patioed areas, creating the perfect setting for outdoor dining, relaxation, or children’s play.
The space is easy to maintain and provides an inviting extension of the home during the warmer months.
The property benefits from one allocated off-street parking space, offering convenience and peace of mind.
This charming home combines modern living with practicality and comfort, all within a desirable shared ownership scheme.
It represents a fantastic opportunity to secure a well-presented property in a sought-after location, with easy access to local amenities, transport links and green spaces.
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 Alder Drive, Exeter, Devon, EX1
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