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See how verdicts work2-bedroom bungalow · EX8 2PN
Listing removedReduced £19.9k (−7.4%) on 6 AugListed 130 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The accommodation comprises: entrance porch: 2.39m x 1.19m (7'10" x 3'11") Upvc double glazed entrance porch with tiled floor; Upvc double glazed windows; courtesy light; inner double glazed door with patterned glass to: Reception hall: Radiator; good size linen cupboard with light also housing modern Worcester boiler for hot water and central heating; access to roof space.
Lounge/dining room: 5.18m x 3.61m (17'0" x 11'10") A bright spacious room with television point; radiator with display shelf over; double glazed sliding patio doors to: Conservatory: 3.53m x 2.97m (11'7" x 9'9") A fine addition to the property with Upvc double glazed windows and double glazed double doors opening on to and overlooking the front gardens; tiled flooring.
Kitchen: 3m x 2.72m (9'10" x 8'11") Fitted with a range of patterned work tops with tiled surrounds, cupboards and drawer units and plumbing for automatic washing machine beneath work tops; inset one and a quarter bowl single drainer sink unit; wall mounted cupboards one housing gas meter; electric cooker point with a filter extractor hood over; space for upright fridge freezer; Upvc double glazed window overlooking the attractive front gardens.
Bedroom one: 3.99m x 3.63m (13'1" x 11'11") including doorway recess.
Two sets of built in double wardrobes with storage cupboards over, one fitted with a desk unit with power supply; radiator; Upvc double glazed window overlooking the rear gardens.
Bedroom two: 3.05m x 2.74m (10'0" x 9'0") Built in double wardrobe with storage cupboards over; free standing mirror fronted wardrobe; radiator with display shelf over; Upvc double glazed window over looking the rear gardens.
Shower room/WC: 2.26m x 1.6m (7'5" x 5'3") A modern white suite comprising corner shower cubicle with curved shower splash screen doors; vanity style wash hand basin with fitted mirror over; WC with push button flush; chrome heated towel rail; fully tiled walls; tiled flooring; extractor fan; Upvc double glazed window with patterned glass.
Outside: The bungalow enjoys a private tucked away location standing in extensive mature gardens.
The property is approached via a pedestrian gate and pathway which leads to the property with well stocked gardens offering an array of colour from a variety of shrubs and plants with patio pathway area and seating areas.
The garden is a real joy for keen gardeners. Directly to the front of the property there is a patio area and side pathway and gate giving access through to the rear garden.
The rear garden again offers an array of colour with mature flowers and trees with two timber garden sheds; further garden store; decorative stone seating area.
From the rear garden there is a pedestrian wooden gate giving access to the garage which is found in a block close by. There is outside lighting and a cold water tap.
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
Agent & docs
FAQ
About 61a, Capel Lane, Exmouth
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