2-bedroom bungalow · EX14 2YW
Listing removedListed 94 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Should you decide to take a closer look at this impressive semi-detached bungalow, we should warn you – there's every chance you'll be completely won over.
It really is that good!It's easy to see that 33 Cypress Close is a much-loved home that's been meticulously cared for by the current owner.
Tucked away in a quiet cul-de-sac on Honiton's ever-popular Heathfield development, it's also just a short stroll from Tesco and other everyday amenities.Step inside the welcoming entrance hall and you'll immediately notice the fresh, neutral décor and quality floor coverings.
The bungalow has gas-fired central heating and uPVC double-glazed windows and doors throughout.
There are two bedrooms, both with fitted wardrobes providing plenty of valuable storage space, while the smart modern bathroom features a large walk-in shower and an attractive white suite.At the rear of the property, you'll find a comfortable living room with a contemporary fireplace, while sliding patio doors open into a lovely conservatory.
It's the perfect spot to enjoy a morning coffee while looking out over the garden.We were especially impressed by the kitchen.
It's been thoughtfully designed to make the most of every inch, with generous worktop space, plenty of storage and integrated appliances including an oven, hob, extractor hood and fridge-freezer.Outside, there's a single garage and driveway providing off-road parking for several vehicles.
The enclosed rear garden has been designed to be easy to look after, with a sunny west-facing artificial lawn seating area, a small pond and attractive shrub borders.The seller has already found their next home and is ready to move, meaning you could be settled in well before autumn.
So, when would you like us to show you around?
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.
Area
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FAQ
About 33, Cypress Close, Honiton
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