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 work1-bedroom house · EX8 1SH
Listing removedReduced £22.9k (−12.5%) on 21 JunListed 418 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The accommodation comprises: entrance canopy: Upvc front door with patterned window inset to: Lounge: - 4.06m x 2.67m (13'4" x 8'9") plus double glazed square bay window overlooking front aspect.
Television point; electric consumer unit; opening to: Kitchen: - 2.34m x 2.67m (7'8" x 8'9") Fitted with patterned worktops with tiled surrounds; cupboards and drawer units beneath and inset sink unit with mixer tap; ceramic electric hob with extractor hood over; built in oven below; wall mounted cupboards; plumbing for automatic washing machine beneath further worktop; space for fridge/freezer; Samsung air conditioning unit for both hot and cold air; double glazed window and door to rear aspect; stairs rising to: First floor landing: With access to roof space via loft ladder.
Bedroom: - 3.07m x 2.69m (10'1" x 8'10") measurement excluding double glazed square bay window to front aspect. Built in wardrobe; television point.
Bathroom/WC: - 2.46m x 1.73m (8'1" x 5'8") Comprising bath with shower unit over; shower splash screen; pedestal wash hand basin; WC; double glazed window with patterned glass; tiling to splash prone areas; heated towel rail.
Outside: To the rear of the property there is a small enclosed courtyard area.
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 Reynolds Mews,2, Church Road, Exmouth
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