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 work3-bedroom detached house · EX14 3LA
Sold STCListed 180 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tucked away on the south-western slopes of the Blackdown Hills, Penscombe is all about the setting and it really is rather special.
Sitting roughly between Honiton and Cullompton, this bungalow enjoys far-reaching views that, on a clear day, stretch right out towards Dartmoor.
It’s been in the same hands for many years and is now ready for its next chapter.
There’s a bit of cosmetic updating to do here and there, but that’s part of the appeal, you can settle in straight away and put your own stamp on things over time.The bungalow has been extended previously and comes with oil-fired central heating and double glazing, so it’s comfortable from day one.
A traditional entrance hall with a cloakroom leads through to the main living spaces.
When we first visited Penscombe, we found ourselves completely drawn to the view from the living room, you could easily lose an afternoon here, looking out through the patio doors, across the garden and over the rolling Devon countryside.There are three bedrooms in total, with one currently set up as a study.
The kitchen is complemented by a handy utility room, and the bathroom features a level-access walk-in shower.Outside is where this home really comes into its own.
The plot is around half an acre, with a lovely cottage-style garden that’s just right for sitting out and enjoying long summer evenings.
Across the lane, there’s a double garage with parking, and to the side you’ll find even more space to explore, a greenhouse, a small orchard, a wild pond, and a wooded area at the bottom.It’s often said that location is everything, and here it truly speaks for itself.
Come and see what makes Penscombe such a special place.(Agent's Note: Please understand that Penscombe isn't strictly detached, it's attached at the rear to the neighbour's garage.)
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
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 advisers 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.
Area
Agent & docs

FAQ
About Hembury Fort, Honiton
Explore nearby