3-bedroom detached house · EX4 1TA
Listing removedListed 381 days
Opportunity summary
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About
DEVELOPMENT AND EXTENSION POTENTIAL!
This three bedroom detached bungalow is situated in the popular area of Higher St Thomas and enjoys a generously-proportioned and elevated plot, offering far-reaching views across the skyline of Exeter City Centre .
There is ample off-road parking and a garden to the rear.
Due to the size of the plot and nature of the existing bungalow, this property offers the potential to be developed or extended, subject to the necessary consents.
The current owner has planning permission for a loft conversion; plans are available upon request for development into a sizeable family house.
The internal accommodation briefly consists of an entrance and hallway, a large living room and a galley kitchen, three double bedrooms and a bathroom.
The excellent location benefits from a range of nearby amenities including primary and secondary schools, GP surgeries, Sylvan Heights Play Area and a variety of shops and cafes along St Thomas' high street.
St Thomas also includes a train station and bus routes in and out of the city. The property itself is placed with direct access to such bus routes, meaning the city centre can also be easily accessed.
It is additionally in convenient proximity to good road connections, with Devon’s southern coastline and Dartmoor National Park readily accessible.
Accommodation The front door opens to the entrance vestibule and hallway which provides access to the living room, each of the bedrooms and the bathroom.
The living room is a well-proportioned reception room complemented by sliding doors leading out to the garden, along with a large window to the front aspect.
A door opens to the kitchen which contains a range of matching wall and base units with fitted worktops, a tiled splashback and a stainless steel sink and drainer.
Space is provided for a selection of appliances and windows face the side and rear aspects allowing ample natural light into the room.
The boiler is also located here, and doors lead to both the store room and to the garden. All three of the bedrooms are good-sized doubles with windows to either the front/side aspects.
Lastly, the bathroom comprises a bath with a shower over, a close-coupled WC and a wash basin with a mixer tap over and a vanity unit below.
Gardens & Parking The property enjoys a substantial plot with gardens wrapping round the building.
There are also stunning views across the city from the garden, making this an ideal space for seating to enjoy the outlook.
In addition there is a driveway offering ample off-road parking for multiple vehicles. Property Information Tenure: Freehold. Council Tax Band: E.
Value & comps
No previous sales on record.
Returns
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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.
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