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See how verdicts work3-bedroom house · EX12 3EE
Listing removedListed 130 daysAuction 23 Jul · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by Auction - Incredibly versatile residential refurbishment and redevelopment opportunity with large garage and extensive grounds.
For sale by Public Auction and via Livestream on Thursday 23rd July 2026 at 2pm at Merley House, Merley House Lane, Wimborne, BH21 3AA.
Register to bid in the room, online, by telephone or by proxy via our website.
The Property •Rarely a more versatile and exciting residential refurbishment/redevelopment opportunity •Multiple elements comprising two flats, former ground floor living accommodation, shop, garaging/workshop/store and land •gf: Large reception hall, kitchen/breakfast room, sitting room, bedroom, garden room and yard with two WC’s.
•gf: Shop let at £5,400pa, new ten-year lease with Y5 mutual breakout provision. •ff: Large hall accessing Flat 1 – Kitchen/living room, two bedrooms and bathroom.
•sf: Stairs up from large hall to Flat 2 – Landing, kitchen/living room, bedroom and bathroom.
•Vehicular and internal access to multi-car garage/workshop/store with great potential for a variety of uses (subject to requisite consents) •Large area of west-facing sloping ground accessed internally.
•Eye-catching residential developments to either side. •A much-prized large and versatile single home in-waiting or more separate residential units (subject to requisite consents).
Location In the heart of the village within about 125m of the seafront, a part of the World Heritage Site – Jurassic Coast.
Directions What3words ///spearhead.piper.eaten Services Mains water, electricity and drainage Ultrafast broadband and mobile coverage are available in the area.
Refer to Ofcom’s website for more details.
Tenure Freehold Local Authority East Devon District Council Council Tax Band Flat 1 is Band B and Flat 2 is Band B Solicitor Wbw, Axminster, EX13 5HU Tel: Email: Viewings Viewings by appointment only, full details from Axminster Office Tel:
Value & comps
No previous sales on record.
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Returns
Set an offer; the calculator follows it.
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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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