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See how verdicts work2-bedroom bungalow · EX17 6QS
For saleListed 6 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A very pretty cottage with lots of character and charm. The cottage boasts the living room with inglenook, fitted modern kitchen/dining room with walk-in larder two double bedrooms and bathroom.
Outside the garage has been divided into a store and office plus plenty of parking. The gardens are a real feature with pp already granted for a bungalow in the front garden.
Location Lapford, a large parish and village, lies just north of the main A377 Exeter / Barnstaple road approximately 9 miles from Crediton and 16 miles from Exeter.
The village has good amenities including a shop and popular Village Inn. On the edge of the village is a railway station and there is a regular daily bus service from the heart of the village.
The parish church, St Thomas of Canterbury, is of perpendicular style and has a fine 16th century rood screen.
Description The front door opens to the entrance hall with stairs to the first floor and a door to the sitting room with lots of character including the inglenook fireplace with inset woodburner and built in feature dresser to one wall.
The kitchen/dining room consists of a quality modern fitted kitchen with a range of units, built in oven and hob, useful walk-in larder and door to the rear.
The first floor consists of the landing area with access to the two double bedrooms, both with built in cupboards and a door to the feature bathroom with a corner bath and separate shower unit.
Outside there is parking to one side in front of the garage which also has a pedestrian door to the garden and is split into an office and store with a WC.
The rear garden has been recently landscaped with a large patio/entertaining area adjacent to the cottage with the large front garden offering an enclosed lawn and extra parking if needed but also has full pp for a detached bungalow!
Material Information What3Words: ///arranges.fashion.senses Mains electricity, water and drainage Oil central heating and hot water Owned solar panels with battery storage Mid Devon District Council - Band C Freehold Parking: Plenty of off road parking and garage Full pp granted for a new detached bungalow to be built in the garden - Mid Devon reference 23/01460/full
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 Lapford, Devon
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