3-bedroom bungalow · EX8 2DX
Sold STCListed 158 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A small set of steps lead up to the covered front door and into a generous, welcoming entrance hallway with doors to all rooms, loft access hatch, walk-in cloakroom and windows to either side of the door.
The first door on your left leads into the sitting/dining room with large front and side facing windows, large panel radiator, gas fire with tiled hearth, stone surround, wooden mantle and built-in bookcase to one corner.
The next door is into the kitchen/breakfast room with windows to the side and rear gardens, ample worktop space, inset sink with drainer & mixer tap, inset gas hob with oven under and extractor hood over, tiled flooring, built-in storage cupboard, wall mounted boiler to oner corner, plenty of cupboards & drawers and a door to the inner lobby and rear access door.
Towards the other end of the property are the two principal bedrooms with the master being front facing with a large window, panel radiator, built-in wardrobes and the second being rear facing, enjoying views of the garden, with panel radiator and built-in wardrobes.
The third bedroom is rear facing, enjoying views of the garden and has a panel radiator. All bedrooms are easily doubles.
The shower room has been re-fitted to a high standard and now boasts a huge walk-in shower, wall mounted wash hand basin with storage above, WC, twin frosted windows, large heated towel rail, tiling to full height and inset spotlighting.
Outside, to the rear of the property, you have a ”blank canvas” of a garden as it's predominantly paved with borders, greenhouse to one corner, surrounded by mature hedging and wooden fencing along with side access down both sides.
To the front, there is a mature front garden with paved areas and mature hedges & bushes.
The driveway provides parking for 2-3 vehicles and the garage has an electric up and over door, power, light, rear window and rear access door.
Agents note: The motor on the garage door is currently not working.
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 5, Maer Vale, Exmouth
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