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Shakespeare Close, Tiverton, EX16

South West

£435,000
Listed on 08/10/2023

Property Details

Bedrooms
4
Type
Detached house
Area
1204 sqft

Description

Nestled at the end of a quiet cul-de-sac in the sought-after Pinnex Moor area, this four-bedroom family home presents an exciting opportunity for renovation and investment. The property offers ample living space, making it ideal for families looking to personalize their environment or investors aiming to enhance value through updates. The ground floor features a well-designed layout with an entrance hall leading to a cloakroom, spacious lounge, and dining room. A second reception room currently serves as a home office but has potential to be converted into a fifth bedroom or playroom. The kitchen includes a breakfast bar area and is equipped with essential appliances, while the adjoining utility room adds practicality to daily living. A conservatory extends the living space further, providing a bright area that connects to the garden. Upstairs, you will find four well-sized bedrooms, including a master suite with its own ensuite bathroom. The additional three bedrooms share a family bathroom, offering flexibility for family living or rental opportunities. The exterior of the property features a generous front lawn with existing parking for two vehicles and potential for expansion subject to necessary consents. The rear garden is level and provides an inviting blank canvas for landscaping or recreational activities—perfect for children’s play areas or gardening enthusiasts. Additionally, there is a sizable brick-built storage shed equipped with power and light. This property benefits from full double glazing and gas central heating throughout. Located within a popular residential neighborhood, it offers convenient access to local amenities, schools, and transport links. Given its current condition and prime location, this home represents significant renovation potential. Whether you are looking to create your dream family residence or explore investment opportunities in this growing market, this property offers a versatile platform upon which to build your vision.

Investment Analysis

(EX16 area)

Above Market Value

This property is priced +24.1% above area average per sq ft

+24.1%
This Property
£361/sq ft
Area Average
£291/sq ft
Avg Rent (weekly)
£210
Avg Yield
3.1%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£385,533
10% above area average per sq ft
Potential ROI
-16.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (EX16)

Area prices are falling by +7.4% over the last 12 months
3 year growth: -8.9%
5 year growth: 4.2%
Investment Disclaimer: Analysis based on EX16 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

Shakespeare Close, Tiverton, EX16
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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
£1,594
Based on a loan of £326,250 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