3-bedroom detached house · EX2 9RL
Sold STCListed 254 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description The Gatehouse forms the entrance to Drakes Farm, a delightful range of character homes in the centre of this popular village.
The accommodation benefits from gas central heating and comprises an entrance hall with cloakroom/WC, a dual-aspect living room, and a kitchen on the ground floor, with internal access to the garage.
The kitchen features a range of units, a single drainer sink, electric oven, dishwasher, gas hob with extractor, Worcester gas boiler, and space for a fridge freezer.
On the first-floor landing, there is an airing cupboard with an immersion heater and shelving, three bedrooms, and a bathroom. The principal bedroom includes an en suite shower room.
Outside, there is a south-facing paved garden with flower and shrub borders. The garage has an up-and-over door, and there is parking available. The property is being sold with no onward chain.
Situation The Gatehouse is located close to the centre of the popular village of Ide, approximately three miles from the centre of Exeter.
Ide has a community shop/post office, a primary school and two pubs.
It is also ideally positioned for access onto the M5 motorway and links to Plymouth and Cornwall to the South, as well as Bristol and London to the North and East.
Exeter Airport provides an ever-increasing number of domestic and international flights.
Exeter is a thriving city in the Southwest and offers a wide choice of cultural activities with theatres, a museum, art centres and a wealth of good shopping and restaurants including John Lewis.
There are many good primary and secondary schools in Exeter and the University of Exeter. Directions From Exeter City centre, proceed south on the A377 Alphington Road.
After the Sainsburys supermarket, proceed over the traffic lights to the roundabout. Take the second exit, signposted Ide. Turn left into the village and follow the road to the right-hand side.
The property will be found after a short distance on the left-hand side, under the archway of Drakes Farm.
What3Words: ///deals.hoot.ozone SERVICES: The vendors advise the following: Mains gas (serving the central heating and hot water), mains electricity, water and drainage.
Telephone landline installed but not currently in Contract. Broadband: Estimated Standard speed 3 Mbps and Superfast speed 80 Mbps not currently in Contract.
Mobile signal: Several networks currently showing as available at the property including 02, EE & Vodafone. The property sits within the Ide Conservation 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
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FAQ
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