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 · EX38 8EP
Listing removedListed 187 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located in the heart of Great Torrington, this two-bedroom cottage offers a fantastic opportunity for first-time buyers or investors, and is available with no onward chain.
The property benefits from a private rear garden and retains character features throughout, including exposed beams and a feature fireplace.
Although some modernisation is required, the home has great potential.
Upon entering, you are welcomed by an entrance hall with original cobble flooring, leading into a generous sitting/dining room full of charm.
A few steps down takes you into the kitchen, which is fitted with matching wall and base units, an inset sink, space for a cooker, and undercounter plumbing for a fridge.
A storm porch off the kitchen provides access to the rear garden. Just off the kitchen is a utility area with plumbing for white goods and a WC at the far end.
Upstairs, there are two bedrooms, both with exposed wooden flooring, along with a three-piece shower room with tiled surrounds.
To the rear, the property enjoys a private courtyard garden with a useful storage shed.
Beyond this is an additional garden area which is currently overgrown but offers great potential for further landscaping.
While the property would benefit from updating, it represents an excellent opportunity to create a charming home in a central and convenient location.
Construction - constructed of brick under a tiled roof. Traditional Online Auction Information Please note: this property is for sale by traditional online auction.
This means that exchange will occur when the online timer reaches zero (provided the seller's reserve price has been met or exceeded).
The winning buyer will be legally obliged to purchase the property at this price. Pricing Information The Guide Price amount specified is an indication of each seller's minimum expectation.
It is not necessarily the amount at which the property will sell.
Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Webbers and Bamboo Auctions shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars.
Buyers should check the contents of the legal pack and special conditions for accurate information on fees.
Where there is a conflict between the fees stated in the particulars, the bid information box or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
Buyers Premium & Other Charges The winning buyer is automatically charged a buyer's fee of £4,980 once the auction finishes.
By 12PM the next working day, the 10% deposit needs to be sent to the buyers solicitor. On completion the Buyer will pay the sum of £326.49 to the Seller’s solicitors in reimbursement of search fees.
From Torrington Square take the Well Street exit, the property will be found a short distance on the right hand side with number plate and Webbers For Sale Board clearly displayed.
Ground Floor Lounge / Diner 5.23m x 4.47m Kitchen 3.23m x 2.41m First Floor Bedroom 4.55m x 4.24m Bedroom 3.18m x 2.5m Shower Room 2.06m x 1.57m EPC D Council Tax A Tenure Freehold Viewing Arrangements Strictly by appointment only with sole selling agent.
Services All mains services connected.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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 Well Street, Great Torrington, Devon, EX38
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