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See how verdicts work2-bedroom detached house · EX31 3BY
Sold STCListed 200 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A light and bright, south facing, modern bungalow on a corner plot in this popular village set between Barnstaple and Instow, the village having excellent local facilities within less than a mile including both a Boots and Coop outlet, Post Office, Parish Church, Medical Centre, local popular pubs, Chinese restaurant/takeaway and a regular bus service.
The property needs some modernsiation/renoavtion A light and bright, south facing, modern bungalow on a corner plot in this popular village set between Barnstaple and Instow, the village having excellent local facilities within less than a mile including both a Boots and Coop outlet, Post Office, Parish Church, Medical Centre, local popular pubs, Chinese restaurant/takeaway and a regular bus service.
Nearby is Fremington Quay, popular with artists and photographers alike, which fronts the River Taw with its popular busy café, with outside seating area and access to the Tarka Trail a largely traffic free level cycle/walking trail that runs around the River Taw Estuary from Fremington Quay through to Instow and Bideford to the west and Barnstaple to the east.
This modern detached bungalow is the first on your left as you turn into the cul-de-sac of bungalow properties to the west side of the village of Fremington it has modern services including gas central heating and double glazing but would benefit from the provision of a new fitted kitchen, new bathroom, decoration and the non-traditionally constructed extension to the rear would best benefit from removal and rebuilding.
The garden being a corner plot is large on the south and east sides where there are two off-road parking spaces, tandem style, for this property and to the rear an enclosed private area part utilized as a patio and part with lawn and to one corner there is a store shed for mower etc.
Storm Porch - Entrance Hall - 4.237 x 1.202 minimum (13'10" x 3'11" minimum) - Living Room - 5.146 x 2.577 (16'10" x 8'5") - South facing, tiled grate with inset gas fire, 2 radiators Dining Extension - 5.146 x 2.577 (16'10" x 8'5") - A more recent extension to the original bungalow,, now in need of major refurbishment or rebuilding Fitted Kitchen - 3.111 x 2.678 (10'2" x 8'9") - Fitted base units on 2 walls, single drainer sink unit, space for washing machine, space and point for gas cooker.
2 recess store cupboadrs and lagged hot water cylinder between, radiator. Bathroom - 1.936 x 1.651 (6'4" x 5'4") - Panel bath with Mira electric shower over.
Low level close couple wc, pedestal hand basin, tiled surrounds.
Bedroom 1 - 4.088 x 3.041 (13'4" x 9'11") - Double aspect room, radiator, timber floor Bedroom 2 - 2.995 x 2.994 (9'9" x 9'9") - Double aspect, timber floor, radiator Part Boarded Loft - Extending access ladder, part boarded , electric light Enclosed Rear Garden Area - Fully enclosed, part lawn and part patio.
and very private Garden Store Shed - 2 x 2 est (6'6" x 6'6" est) - Off Road Parking - Large Level Lawn - To south front and east side On entering the front door you are in the entrance hall of which to the left a through living room, south facing with modern tiled grate and inset gas fire.
To the rear of this room you have the extension which as stated ideally needs replacement and then on to the fitted kitchen with built-in cupboards and hot tank, again this could also do with updating.
From the hall there is a drop-down ladder to the loft, partially boarded and to one side a bathroom with three-piece suite and on beyond are 2 double bedrooms both double aspect To the south and east of the bungalow level lawns part with shrubbery fence shielding it from the road and to the rear a fully fenced garden area with patio, grassed area and garden store shed.
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
About Chilpark, Fremington
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