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 work3-bedroom bungalow · EX36 4ES
For saleListed 24 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A detached bungalow with scope for improvement, nestled in a quiet cul-de-sac towards the southern edge of town.
Porch, hallway, sitting room, kitchen, conservatory/dining room, cloakroom, wet room and 3 double bedrooms.
Large gardens with useful shed and with potential for further development (stp), Garage, utility room and parking.
EPC Band C Situation Meadow Park is a desirable cul-de-sac, towards the southern edge of the popular and traditional market town of South Molton, approximately half a mile from the Town Square.
Known as the ‘Gateway to Exmoor’, South Molton is a traditional market town offering a good range of everyday amenities including schooling from nursery to secondary level, Sainsbury's supermarket, Post Office, banking facilities, pubs, cafés and a variety of independent and artisan shops.
The town is particularly well known for its popular twice-weekly pannier markets and weekly stock market.
The A361 (North Devon Link Road) bypasses the town, providing good access west to Barnstaple and the North Devon coast, and east towards Tiverton and the M5, with Tiverton Parkway providing a mainline rail service to London Paddington.
Description 6 Meadow Park is a detached bungalow set in a good sized plot.
Offered to the market for the first time in over 30 years, the bungalow offers well laid out accommodation but does require some further modernisation or improvement.
Please note there is no onward chain. It is considered that the size of the plot may offer potential for further development options, subject to the necessary consents being obtained.
Accommodation A covered porch with a glazed door leads into the hall with cloaks cupboard and doors off to all rooms. The double aspect sitting room has a feature stone fireplace with gas fire.
And sliding glazed doors lead into the conservatory/dining room.
The kitchen is fitted with a range of timber fronted units, stainless steel sink unit with mixer tap, eye level double oven, 4 ring gas hob with hood over., space for fridge freezer and broom cupboard.
The kitchen is open to the conservatory/dining room that runs along the rear of the bungalow. A door at each end leads into the garden.
From the hall a passageway leads to the cloakroom with WC and wash basin and a recently re-fitted wet room with a modern walk in shower with rainfall shower and glass screen, vanity wash basin, WC and heated towel rail.
There are three double bedrooms, two with built-in wardrobes. Outside A wide entrance leads to a tarmac parking area for several cars and to the attached garage with up and over door, power and light.
To the rear of the garage is a utility room with sink unit and further cupboards, plumbing for washing machine and space for white goods. Door to the garden.
A path on the right leads round to the back garden with an area of lawn enclosed by mature plants and hedging.
Steps lead up to a large patio area and further steps to the higher paved area with a large timber shed with power and light. To the higher side is an ornamental pond.
This part of the garden has a separate, double gated entrance suitable for vehicular access and lends itself to the possibility, subject to planning, of further development in this part of the garden.
The front garden has an area of lawn to the side with an apple tree and bushes. Services Mains gas, electricity and drainage currently connected.
Broadband - 'Standard' & 'Superfast' broadband is available (Ofcom). Mobile - Good outside coverage from the major providers (Ofcom). Construction - Standard.
Viewing Strictly by confirmed prior appointment please through the sole selling agents, Stags on .
Directions From South Molton square, head down South Street and take the left turn marked George Nympton and Kings Nympton. Meadow Park is the second turning on the right.
Continue into the cul-de-sac, keep left and the property will be found on the right. What3words Ref: Prospered.combining.pleaser
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
.png)
FAQ
About 6, Meadow Park, South Molton
Explore nearby