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Shakespeare Close, Tiverton, EX16

South West

£435,000
Listed on 07/10/2023

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 home offers ample space for families while presenting numerous renovation and investment possibilities. The layout includes well-sized bedrooms, with the primary suite featuring its own ensuite bathroom, providing both comfort and convenience. On the ground floor, you’ll find a practical entrance hall leading to various living spaces. There's a spacious lounge that benefits from natural light and a cozy fireplace, as well as a second reception room currently utilized as a home office—ideal for those needing remote work space. The dining room flows into a conservatory, which enhances the living area with an inviting connection to the outdoors, making it an excellent spot for entertaining year-round. The kitchen is functional and features a breakfast bar alongside ample storage options. Adjacent to it is a utility room that not only offers extra working space but also has direct access to the garden. This configuration can be easily updated or reconfigured to suit modern tastes. Upstairs are four bedrooms that provide flexibility, whether for family use or potential rental income. The additional family bathroom caters to those rooms and offers further scope for personalization. Outside, the property boasts off-street parking for two vehicles with potential expansion options (subject to necessary permissions), while the generous front lawn adds curb appeal. The rear garden is notably flat and can serve as a canvas for landscaping enthusiasts or active families looking for recreational space; it's already set up with space for play equipment such as trampolines or sports nets. A substantial brick-built shed provides utility without sacrificing outdoor aesthetics and comes equipped with power and lighting—perfect for hobbyists or added storage needs. This property isn’t just a home; it’s an opportunity ripe with potential in a desirable neighborhood known for its community spirit and accessibility to local amenities. Whether seeking to establish yourself in this vibrant area or considering future enhancement or rental strategies, this residence stands out as an excellent option.

Investment Analysis

(EX16 area)

Above Market Value

This property is priced +23.2% above area average per sq ft

+23.2%
This Property
£361/sq ft
Area Average
£293/sq ft
Avg Rent (weekly)
£230
Avg Yield
3.1%

Renovation Potential

Est. Renovation Cost
£43,500 - £108,750
10-25% of property value
Target Value
£388,380
10% above area average per sq ft
Potential ROI
-28.6%
After renovation
Monthly Sales
27
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (EX16)

Area prices are falling by +7.7% over the last 12 months
3 year growth: -7.1%
5 year growth: 8.2%
Investment Disclaimer: Analysis based on EX16 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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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