2-bedroom house · EX8 1QU
Sold STCReduced £10k (−6.7%) on 5 SepListed 70 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by traditional online auction with bids invited by 4th September, 2026 at 11:30am. Block viewings available. Please call to arrange.
A two-storey, two-bedroom semi-detached house, being located in a popular residential area of the town centre.
Two-bedroom semi-detached investment opportunity A two-storey, two-bedroom semi-detached house, being located in a popular residential area of the town centre.
The property, which is being sold subject to a tenancy with current rents reserved of £850pcm, will appeal to lettings investors or of course others who may consider modest improvement works post-letting.
Accommodation Ground floor: Living/dining room, kitchen. First floor: Landing, two bedrooms, bathroom/WC. Outside: Enclosed garden to the rear. Tenure Freehold with subject to tenancy.
Tenancy Let on an assured shorthold tenancy with current rents of £850 per calendar month. Refer to auction legal pack for further information.
EPC Rating: C WHAT3WORD ///pool.having.rapid broadband & mobile coverage Broadband: Ultrafast available Mobile: Good outdoor. May be variable indoor.
Source: Viewings Please call to book into one of the scheduled block appointments.
Auctioneer's note Please refer to all legal documents for this Lot in case any additional fees and reimbursements are listed in addition to the purchase price.
Important information All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum (if applicable), which will be available on Auction Day.
Auction legal pack & finance Copies of the legal pack and special conditions of sale are available online to be downloaded, via the tab on the online auction property listing page.
It is the purchaser’s responsibility to make all necessary legal, planning, surveys and finance enquiries prior to the auction.
Price information Guides are provided as an indication of each Seller’s minimum expectation.
They are not necessarily figures at which a property will sell for and may change at any time prior to Auction.
Unless stated otherwise, each Lot will be offered subject to a reserve price (a figure below which the Auctioneer cannot sell the Lot during the Auction).
This reserve figure cannot be higher than 10% above a single figure guide. Please check our website regularly at or contact us on for up to date information.
Following the fall of the hammer contracts are exchanged and there is no going back! Auction information †Traditional auction Exchange occurs at the end of the auction.
This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property.
To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
Pricing information The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell.
Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and 247 Property Auctions shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars.
Buyers should check the contents of the legal pack and special conditions for accurate information on fees.
Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Buyers fees: Our standard fees applicable to a buyer are currently £3,000 plus VAT on a successful purchase.
Other fees payable may be applicable that have been included by the selling solicitor for a Lot so prospective bidders must investigate the auction legal pack for the Lot prior to bidding.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
Refreshing the page To make sure that you are seeing the latest information for the property, we recommend you refresh the page.
This ensures you're seeing live information and not stored (cached) data. If the page disconnects from the Internet, refreshing the page will show the latest information.
Disclaimer All information relating to this property, including descriptions, pictures and other related information has been provided by 247 Property Auctions.
All legal documents in relation to this property have been provided by the Vendor's solicitor.
Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise.
Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
247 Property Auctions Ltd are members of the Property Ombudsmans Redress Scheme. Tenure: See Legal Pack
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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.
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About The, Oaks, Exmouth
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