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 house · EX14 2UL
Listing removedListed 187 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A beautifully positioned detached three bedroom bungalow on a generous corner plot in one of Honiton’s most sought after areas.
Enjoying attractive gardens, far reaching views and excellent potential, offered with no onward chain.
A welcoming entrance porch leads into a spacious hallway, thoughtfully designed with ample built in storage, including an airing cupboard.
From here, the home opens into an impressive open plan sitting and dining room, a wonderfully bright and inviting space enhanced by triple aspect windows that flood the room with natural light.
A feature fireplace forms an elegant focal point, while sliding patio doors create a seamless connection to the garden.
The modern fitted kitchen is equally light and airy, offering generous workspace and an adjoining utility area with direct access to the rear garden.
The bungalow provides three well proportioned double bedrooms. The principal bedroom benefits from fitted wardrobes and a private en suite shower room.
Bedrooms two and three are served by a family bathroom appointed with a bath and shower over, wash hand basin and WC.
An integral single garage sits conveniently beside the hallway and offers excellent scope for conversion, subject to the necessary consents, should additional accommodation be desired.
The property enjoys a favourable position at the top of the town in one of Honiton’s most sought after locations.
Well positioned for access to the facilities in the historic High Street which is well served with shops, schools, restaurants and public houses, sports centre, hospital, medical centre as well as a main line rail station with a direct link to Waterloo.
Honiton enjoys excellent communication links with the A30 dual carriageway providing easy access to the cathedral city of Exeter and the M5 motorway, as well as the A303 Exeter/London trunk route.
An international airport is available at Exeter. The property occupies an attractive corner plot with a well-maintained front garden and a private driveway leading to the garage and front entrance.
The front garden is predominantly laid to lawn and framed by mature shrubs and trees, creating an appealing sense of privacy.
A side gate opens to the generous rear garden, which enjoys delightful views of the surrounding hills.
This outdoor space has been thoughtfully arranged to include two patio areas ideal for dining, entertaining or simply relaxing in the sun.
The remainder of the garden is largely level, featuring a vegetable plot, lawned areas, mature trees and a useful garden shed, all enclosed by fencing to ensure privacy and tranquillity.
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 12, Pinaster Close, Devon
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