Worst House on the Street Logo
Church Hill, Braunton EX33 - Image 1
Church Hill, Braunton EX33 - Image 2
Church Hill, Braunton EX33 - Image 3
Church Hill, Braunton EX33 - Image 4
Church Hill, Braunton EX33 - Image 5

Church Hill, Braunton EX33

South West

£800,000
Listed on 20/11/2024

Property Details

Bedrooms
5
Type
Detached house
Area
2604 sqft

Description

This spacious five-bedroom detached residence, known as 'Greystokes', presents a unique opportunity for renovation and investment. Nestled in the tranquil village of Knowle, this property enjoys a secluded position within almost half an acre of level garden, providing ample privacy and potential for enhancement. This home is being offered for sale for the first time in over 40 years, highlighting its long-standing appeal. The property boasts three generous reception rooms, including a sitting room with an inviting open fireplace, a large living room with triple aspect windows offering views of the lush gardens, and a dining room that accommodates family gatherings comfortably. The well-appointed kitchen breakfast room serves as the heart of the home with ample space for culinary activities. Additionally, there is a convenient utility room and a rear lobby with a cloakroom WC. On the first floor, you will find a spacious master bedroom with an en suite shower room and access to a substantial balcony terrace that overlooks the garden. Four additional bedrooms provide flexibility for family living or future reconfiguration into guest accommodations or rental opportunities, subject to planning permissions. An attic store adds further versatility to the space. The property's outdoor spaces are particularly noteworthy, featuring mature gardens filled with established plants and trees, creating secluded areas perfect for relaxation or entertainment. A timber garden bar complements the outdoor setting, while a hen house area offers potential for self-sustainability. The extensive grounds allow for various landscaping possibilities and further development within existing boundaries. With its generous proportions and versatile layout, 'Greystokes' could easily be adapted into multiple living arrangements or an Airbnb-style setup after necessary approvals. The attached garage/workshop provides additional storage options or can be repurposed as an annexe or separate workspace. Located just outside Braunton, residents benefit from nearby amenities such as schools, shops, cafes, and essential services. The stunning beaches of Croyde and Saunton are only about five miles away, along with leisure facilities in Barnstaple to the east. This property embodies both comfort and potential; it invites you to explore its unique characteristics and consider how it could evolve to meet your vision—truly a rare find in today's real estate market.

Investment Analysis

(EX33 area)

Below Market Value

This property is priced -26.7% below area average per sq ft

-26.7%
Potential saving
This Property
£307/sq ft
Area Average
£419/sq ft
Avg Rent (weekly)
£279
Avg Yield
3.1%

Renovation Potential

Est. Renovation Cost
£80,000 - £200,000
10-25% of property value
Target Value
£1,200,900
10% above area average per sq ft
Potential ROI
+20.1%
After renovation
Monthly Sales
9
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (EX33)

Area prices are stable by +1.7% over the last 12 months
3 year growth: -0.5%
5 year growth: 30.5%
Investment Disclaimer: Analysis based on EX33 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

Church Hill, Braunton EX33
Map showing location of Church Hill, Braunton EX33
Open Map