Worst House on the Street Logo
Pancrasweek, Devon EX22 - Image 1
Pancrasweek, Devon EX22 - Image 2
Pancrasweek, Devon EX22 - Image 3
Pancrasweek, Devon EX22 - Image 4
Pancrasweek, Devon EX22 - Image 5

Pancrasweek, Devon EX22

South West

£250,000
Listed on 07/10/2025

Property Details

Bedrooms
8
Type
Detached house
Area
688 sqft

Description

This property presents a compelling opportunity for renovation or investment, featuring a generous site primed for the development of two semi-detached, four-bedroom homes. Located in the parish of Pancrasweek, the site offers pleasant views over surrounding fields and countryside, providing a tranquil rural setting while remaining conveniently close to essential amenities. Strategically positioned approximately 6 miles from both Holsworthy and Bude, this location combines the best of rural living with easy access to coastal attractions. Bude is known for its scenic sandy beaches, cliffside walks, and historic sites like the Bude Sea Pool, offering significant recreational opportunities. Holsworthy adds to the appeal with its vibrant market atmosphere, featuring a Waitrose supermarket, shops, and various local services including healthcare facilities. The property comes with full planning permission (application number 1/0512/2024/FUL) for the construction of two four-bedroom residences. The proposal includes well-designed layouts with features such as open-plan kitchen/dining areas, utility rooms, and en-suite facilities in the master bedrooms. With water and electricity services in proximity and provisions for private drainage already considered on-site, this site is ready for immediate development. Potential buyers should verify service availability independently but can expect that mains electricity and water are accessible nearby. This project not only holds promise for generating rental income or resale value but also allows for customization to meet current housing demands in this sought-after area of North Cornwall. In summary, this development site offers a unique blend of rural charm, modern convenience, and significant investment potential.

Investment Analysis

(EX22 area)

Above Market Value

This property is priced +19.7% above area average per sq ft

+19.7%
This Property
£363/sq ft
Area Average
£304/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£300,000 - £450,000
Target Value
£229,727
10% above area average per sq ft
Potential ROI
-67.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
7
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (EX22)

Area prices are rising by +3.4% over the last 12 months
3 year growth: -15.9%
5 year growth: 7.4%
Investment Disclaimer: Analysis based on EX22 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

Pancrasweek, Devon EX22
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£916
Based on a loan of £187,500 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.

Next Steps

Explore services to help you with this property purchase.

Need a survey for this property?

Book a professional assessment to identify potential issues and property condition

RICS qualified surveyors

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE