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See how verdicts work2-bedroom bungalow · DT7 3SD
For saleReduced £46k (−15.6%) on 23 OctListed 199 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A detached two bedroom bungalow in need of some updating with far reaching views, pretty gardens and parking. No Onward chain.
The Property 2 Greenbank Cottages is a traditionally constructed bungalow built of brick and rendered elevations with tiled roof.
This rather unique property is welcomed to the market with the benefit of no onward chain.
The property occupies a most pleasant, elevated position within Uplyme and offers delightful views over the village and the countryside beyond.
Despite being in need of a little updating the bungalow does benefit from extensive double glazing and gas fired central heating.
Accommodation To the front elevation is the main reception room which enjoys a lovely view along with the master bedroom.
The sitting room has a traditional fireplace and at some point was opened into the original hallway to create a larger reception space.
The kitchen overlooks the rear garden and offers an excellent range of cream coloured wall and base units incorporating a butler style sink and wooden work surfacing.
Space for appliances and dining table. There are two bedrooms, one double and one single along with a bathroom featuring a white suite and extensive tiling.
Outside By the lane side is a gravelled parking bay suitable for one vehicle and a shared pathway and steps which lead to the property.
The front garden is mainly laid to lawn with a variety of established shrubs.
The path continues around the side of the bungalow to a southerly facing lawned garden with garden shed with mature shrubs.
Situation The village has a thriving community with excellent facilities including a general stores/fuel station and Post Office, public inn, village hall, sports clubs, with the surrounding area renowned for its footpaths and trails.
There are also well regarded primary and secondary schools close by.
Lyme Regis is a most popular and picturesque coastal town noted for its attractive period buildings, the famous centuries-old Cobb and harbour.
In the town is an excellent selection of facilities including many independent shops, and a number of restaurants and hotels, together with a theatre and various museums.
A short walk from the high street is the charming award-winning sandy beach, ideal for families; the harbour, popular with anglers and those keen on deep sea fishing trips; the sailing and power boat clubs.
The nearby market town of Axminster offers a good range of day to day amenities, including supermarkets as well as a vibrant street market every Thursday and a mainline train service to London Waterloo.
Directions What3Words ///describes.cakewalk.barrel Services All mains services connected Ultrafast broadband and mobile network coverage available. Refer to Ofcom's website.
Local Authority East Devon District Council Council Tax Band D Material Information The area around the property is at very low risk from flooding from rivers and seas, and surface water.
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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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.
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FAQ
About 2 Greenbank Cottages, Venlake Lane, Lyme Regis
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