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 work2-bedroom bungalow · EX8 4QY
Listing removedListed 521 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Twin double glazed doors on the side of the property lead into a small porch and then into the hallway which has doors to all rooms as well as the loft hatch.
The loft has a pull down ladder, has been fully boarded out and has 2 Velux windows and could be used as an occasional craft room.
Up here you will also find the controls for the solar panels that contribute to the good EPC score and are owned outright.
The main bedroom is to the front of the property with side and front facing double glazed windows, panel radiator and a bank of built-in wardrobes with sliding doors.
Bedroom 2 is also to the front of the property with a double glazed window, panel radiator and both are good size doubles.
The lounge/diner has a side facing window and large sliding patio door leading down into the conservatory and on outward to the garden via another sliding door.
The conservatory has windows to two sides and has uPVC panes to one along with a uPVC roof. There are power sockets and a panel radiator in the conservatory too.
The kitchen enjoys a view over the rear garden via a double glazed window, with another to the side and a door out to the side of the property.
There is a good range of base and wall mounted units with cupboards and drawers, inset sink with drainer, inset gas hob with extractor over, boiler to one corner, eye level built-in double oven, space for under counter fridge & washing machine, storage cupboard to one corner and a recess to fit a fridge/freezer in.
The bathroom has a panel enclosed bath with shower over, pedestal wash hand basin, wc, side facing frosted double glazed window and is partially tiled.
Outside, to the rear of the property, you have a patio situated under the kitchen window, side access path, small lawn area, further patio from the conservatory, rear access door to the garage and mature hedging keeping the garden secure.
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
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FAQ
About 5, Essington Close, Exmouth
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