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Winterbourne, Kings Heanton, Barnstaple

South West

£325,000
Listed on 08/03/2025

Property Details

Bedrooms
2
Type
Detached house
Area
710 sqft

Description

Nestled in a serene rural hamlet, this two-bedroom bungalow presents a promising opportunity for renovation and investment. The property, while requiring modernization, is ripe for transformation into a personalized retreat, surrounded by the beauty of open countryside. Its location offers both tranquillity and accessibility, making it an attractive proposition for those seeking to escape the hustle of urban life. One of the standout features of the home is its inviting fireplace, providing warmth and character that can enhance the living space as it undergoes updates. Complementing this are a garage and multiple parking spaces, which not only meet practical requirements but also add value to the property. The expansive gardens present ample opportunities for landscaping or outdoor activities, perfect for enjoying the picturesque surroundings. Inside, the layout comprises one reception room with an L-shaped design that allows flexibility in use—ideal for both relaxation and entertainment. This space benefits from natural light and has direct access to the garden, promoting a seamless indoor-outdoor flow. The accommodation includes two bedrooms; the main bedroom is spacious and features built-in wardrobes along with pleasant views of the countryside. It’s a sunlit area conducive to restfulness. The second bedroom, though compact, serves well as either an office or single bedroom. This property is brought to market with no onward chain, simplifying the purchasing process for potential buyers. Located just 3.5 miles from Barnstaple, Kings Heanton offers a peaceful lifestyle while still being conveniently close to essential amenities and attractions. Nearby highlights include Arlington Court, managed by the National Trust, as well as Marwood Gardens—a delightful spot for leisurely walks and cream teas. Excellent road connections lead to coastal destinations such as Lynton, Lynmouth, Ilfracombe, Woolacombe, Croyde, and Saunton—all known for their stunning beaches. In summary, this bungalow stands as a valuable canvas for anyone looking to invest in property marked by both rural charm and significant potential for renovation and enhancement.

Investment Analysis

(EX31 area)

Above Market Value

This property is priced +41.0% above area average per sq ft

+41.0%
This Property
£458/sq ft
Area Average
£325/sq ft
Avg Rent (weekly)
£266
Avg Yield
3.4%

Renovation Potential

Est. Renovation Cost
£32,500 - £81,250
10-25% of property value
Target Value
£253,513
10% above area average per sq ft
Potential ROI
-37.6%
After renovation
Monthly Sales
28
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (EX31)

Area prices are falling by +4.2% over the last 12 months
3 year growth: -3.5%
5 year growth: 12.0%
Investment Disclaimer: Analysis based on EX31 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

Winterbourne, Kings Heanton, Barnstaple
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