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Oare, Lynton

South West

£200,000
Listed on 26/01/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This substantial freehold building site offers a unique opportunity for the construction of a detached three-bedroom residential dwelling, nestled within a tranquil valley in the Exmoor National Park, close to the renowned Doone Valley. The site is well-prepared for development, with essential services already connected and foundational work completed, allowing for a streamlined building process. The picturesque location provides not only scenic views but also access to the diverse natural beauty and recreational activities that Exmoor has to offer. The area is known for its rich wildlife and stunning landscapes, making it an attractive choice for potential residents or vacationers seeking a peaceful retreat. In addition to the main construction site, the property includes parking space, lawn areas, and a small dilapidated stone building which could be repurposed or renovated, adding further value to your investment. Given the established planning permission—granted by Exmoor National Park—this site represents a rare chance to develop within such a protected area, an advantage that enhances its desirability and potential resale value. For those considering an investment opportunity, this site is positioned favorably within a sought-after region where demand for residential properties remains strong. With thoughtful design and modern updates, there's significant potential to create a desirable home or rental option in this beautiful setting. The property will be sold with vacant possession, providing flexibility for the new owner. Interested parties are encouraged to arrange viewings through the appointed agents and discuss any specific concerns prior to visiting. This could be an excellent chance for investors or builders looking to capitalize on both location and existing groundwork in one of England's most cherished national parks.

Investment Analysis

(EX35 area)
Area Average
£324/sq ft

Renovation Potential

Est. Renovation Cost
£20,000 - £50,000
10-25% of property value
Monthly Sales
2
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (EX35)

Area prices are falling by +100.0% over the last 12 months
3 year growth: -100.0%
5 year growth: -100.0%
Investment Disclaimer: Analysis based on EX35 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

Oare, Lynton
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