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Horwood, Bideford, Devon, EX39 - Image 1
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Horwood, Bideford, Devon, EX39

South West

£795,000
Listed on 23/07/2024

Property Details

Bedrooms
8
Type
Detached house

Description

This expansive Grade II listed home, nestled on approximately 0.7 acres of land, presents a unique opportunity for renovation and investment in a desirable rural setting. Located on the outskirts of a quaint village, this property benefits from both tranquility and accessibility to local amenities, making it an attractive option for families or multi-generational living. The home boasts eight bedrooms and offers versatile accommodation that can easily be adapted for various uses, such as a spacious family residence or potentially as a dual-income investment through holiday letting. The interior features a blend of historical charm with modern conveniences, retaining many characterful elements like exposed beams and original fireplaces while providing ample space for creativity in design. Surrounded by scenic countryside views, the property is just a short distance from essential services in nearby towns including Great Torrington, Bideford, and Barnstaple. The proximity to the stunning North Devon coastline ensures easy access to recreational activities such as surfing and sailing, further enhancing its appeal as a rental property or second home. The grounds include charming walled gardens and cobbled courtyards that not only lend character but also offer further development potential. A stone barn at the rear could serve multiple purposes with appropriate planning permissions. Ample off-road parking is available along with additional garage space, catering to family needs or guests. With good transport links via the M5 motorway and rail connections from Barnstaple to Exeter and London, this property is well-situated for both everyday commuting and leisure travel. This residence has been thoughtfully updated yet retains significant scope for further enhancement according to personal taste. It presents an exciting canvas for those looking to invest in rural living with investment potential in mind.

Investment Analysis

(EX39 area)
Area Average
£300/sq ft
Avg Rent (weekly)
£193
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (EX39)

Area prices are falling by +4.0% over the last 12 months
3 year growth: -10.2%
5 year growth: 16.0%
Investment Disclaimer: Analysis based on EX39 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Horwood, Bideford, Devon, EX39
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,912
Based on a loan of £596,250 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE