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Broadlands, Bishops Tawton, Barnstaple

South West

£300,000
Listed on 12/03/2025

Property Details

Bedrooms
2
Type
Detached house
Area
850 sqft

Description

Located in a serene semi-rural environment near Bishops Tawton, this 2-bedroom semi-detached bungalow presents an excellent opportunity for renovation and investment. The property captures stunning views over the valley, including the historical Tawstock Castle. Offered with no onward chain, this home combines tranquility with accessibility to local services. Upon entry, a spacious porch leads into a well-lit dual-aspect lounge/snug, featuring a cozy fireplace that could be a focal point for modern enhancements. The kitchen/diner is open-plan with potential for reconfiguration and improvement; it comes equipped with essential appliances but offers ample scope for contemporary upgrades. The main bedroom features French doors opening to the rear garden, blending indoor and outdoor living while providing an inviting space that could benefit from modern fixtures. Meanwhile, the second bedroom serves as either a single room or home office with fitted storage and picturesque views. A traditional bathroom provides opportunities for stylish redecoration to suit personal tastes. Outdoors, you'll find generous off-road parking accommodating several vehicles along with useful outbuildings that hold promise for conversion based on your vision—ideal for workshops or additional leisure space. The garden is predominantly lawned and well-maintained, offering privacy through mature hedging while a raised decking area capitalizes on the splendid scenery. With thoughtful updates throughout, this property could transform into an appealing escape while also serving as a solid investment in the sought-after South West region. Bishops Tawton boasts essential village amenities such as local pubs and scenic walking trails, all within easy reach of Barnstaple's bustling town centre and its array of shops and recreational facilities.

Investment Analysis

(EX32 area)

Above Market Value

This property is priced +29.3% above area average per sq ft

+29.3%
This Property
£353/sq ft
Area Average
£273/sq ft
Avg Rent (weekly)
£195
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£255,162
10% above area average per sq ft
Potential ROI
-25.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (EX32)

Area prices are rising by +2.2% over the last 12 months
3 year growth: -0.3%
5 year growth: 13.0%
Investment Disclaimer: Analysis based on EX32 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

Broadlands, Bishops Tawton, 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
£1,099
Based on a loan of £225,000 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