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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

This two-bedroom bungalow is nestled in the serene and picturesque hamlet of Kings Heanton, approximately 3.5 miles from Barnstaple. The location offers an idyllic retreat from city life, surrounded by open countryside that invites various outdoor activities and leisure pursuits. Despite its rural setting, residents will find essential amenities and attractions just a short drive away. The property presents significant renovation potential, making it an appealing opportunity for investors or those looking to create their dream home. While some modernization is required, the bungalow features distinctive characteristics that can be enhanced with thoughtful upgrades. A central fireplace serves as a cozy focal point in the living area, contributing warmth and charm, while large windows provide beautiful views of the surrounding gardens. The interior layout includes a versatile reception room with an open-plan design, perfect for adapting to your preferences. Natural light floods this space, creating an inviting atmosphere that seamlessly connects to the outdoors. The garden is generously sized, offering ample room for landscaping projects or outdoor entertaining. Two bedrooms complete the accommodation; the main bedroom benefits from built-in wardrobes and delightful countryside views that enhance its tranquil ambiance. The second bedroom is ideally suited for use as a compact guest room or home office. The property includes valuable features such as a garage and parking space, ensuring convenient storage options and vehicle access. With no onward sales chain, this bungalow is available for immediate viewing. Kings Heanton itself offers a peaceful lifestyle while being conveniently located near notable attractions such as Arlington Court and Marwood Gardens, known for their scenic walks and delightful tea rooms. Additionally, excellent road links provide easy access to some of Devon's finest coastal destinations like Lynton, Lynmouth, Ilfracombe, Woolacombe, Croyde, and Saunton—all renowned for their stunning beaches. Explore the potential this property holds; it could very well be transformed into a charming haven tailored to your specifications.

Investment Analysis

(EX31 area)

Above Market Value

This property is priced +41.6% above area average per sq ft

+41.6%
This Property
£458/sq ft
Area Average
£323/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£252,497
10% above area average per sq ft
Potential ROI
-30.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (EX31)

Area prices are falling by +4.0% over the last 12 months
3 year growth: -5.7%
5 year growth: 10.8%
Investment Disclaimer: Analysis based on EX31 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

Winterbourne, Kings Heanton, Barnstaple
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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
£1,191
Based on a loan of £243,750 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