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Seven Crosses, Tiverton

South West

£695,000
Listed on 15/03/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1622 sqft

Description

This small farm, set on approximately 23 acres of land near Tiverton, presents a unique opportunity for investors and renovation enthusiasts. The detached farmhouse offers four bedrooms and retains several charming historical features such as an inglenook fireplace and wood-burning stove, yet it is in need of modernization to fully realize its potential. The property includes an outbuilding suitable for various uses and a garage, with extensive pasture land ideal for equestrian or livestock endeavors. Surrounded by picturesque views of the Exe Valley and within close proximity to Tiverton's amenities, this property offers both rural tranquility and accessibility. The farmhouse's structure is generally sound, but updates to the kitchen, bathrooms, and central heating system would enhance comfort and efficiency. Given the excellent layout with potential to reconfigure rooms, particularly converting a smaller bedroom into an additional bathroom, this property is ripe for investment.

Investment Analysis

(EX16 area)

Above Market Value

This property is priced +47.2% above area average per sq ft

+47.2%
This Property
£428/sq ft
Area Average
£291/sq ft
Avg Rent (weekly)
£210
Avg Yield
3.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£519,381
10% above area average per sq ft
Potential ROI
-33.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (EX16)

Area prices are falling by +7.4% over the last 12 months
3 year growth: -8.9%
5 year growth: 4.2%
Investment Disclaimer: Analysis based on EX16 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

Seven Crosses, Tiverton
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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
£2,546
Based on a loan of £521,250 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