Modern Method of Auction
Auction date not yet published
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 work4-bedroom bungalow · TQ4 7HQ
Listing removedReduced £20k (−11.1%) on 8 SepListed 142 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious and versatile four-bedroom semi-detached home situated on the popular Brixham Road, offering excellent access to local amenities, transport links and surrounding areas.
Starting bid: £220,000 For sale via modern method of auction, iamsold ltd.
This sizable property is in need of modernisation throughout, presenting an exciting opportunity for buyers to create a fantastic family home.
The ground floor offers generous accommodation, comprising a large lounge to the front aspect, a separate kitchen, and an impressive dining conservatory spanning the rear of the property, providing an plenty of natural light and ample space for entertaining.
In addition, there are two ground floor bedrooms, offering flexible living arrangements, along with a family bathroom and welcoming entrance hall.
Upstairs, the property continues to impress with two further well-proportioned bedrooms, creating ideal space for growing families or visiting guests.
Externally, the property benefits from driveway parking and a detached garage, providing practical storage or workshop potential.
To the rear, a particularly large garden offers a wonderful outdoor space, featuring an old koi pond and plenty of scope for landscaping or further enhancement.
Located on Brixham Road, the property is conveniently positioned within easy reach of shops, schools, and transport connections, making it ideal for commuters and families alike.
Offered with no onward chain, this property represents a superb renovation opportunity with significant potential. This property is offered through Modern Method of Auction.
Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited.
This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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
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FAQ
About 16, Brixham Road, Devon
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