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Victoria Street, Barnstaple EX32

South West

£165,000
Listed on 07/04/2025

Property Details

Bedrooms
3
Type
Terraced House
Area
914 sqft

Description

This three-bedroom mid-terraced house offers significant potential for transformation through renovation, making it an appealing investment for those looking to craft their dream home. Located conveniently in Newport, just a short walk from Barnstaple town centre, this property boasts proximity to reputable schools such as Newport Primary School and Park Secondary School, which is advantageous for families. The layout features separate lounge and dining areas that can be tailored to suit modern living needs and entertaining. The kitchen at the back provides good counter space, perfect for cooking or social gatherings. On the first floor, you will find three generously sized bedrooms alongside a shower room. The backyard courtyard garden is low-maintenance but presents options for further landscaping or personal touches. Additionally, the rear garage with ample storage is a bonus feature that could enhance functionality. While the property requires general modernisation, it holds exciting prospects for imaginative buyers eager to invest time and resources into revamping a well-positioned residence into a personalized family haven.

Investment Analysis

(EX32 area)

Below Market Value

This property is priced -32.7% below area average per sq ft

-32.7%
Potential saving
This Property
£181/sq ft
Area Average
£268/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£269,648
10% above area average per sq ft
Potential ROI
+38.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (EX32)

Area prices are rising by +4.1% over the last 12 months
3 year growth: +1.7%
5 year growth: +14.6%
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

Victoria Street, Barnstaple EX32
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£595
Based on a loan of £123,750 over 30 years at 4.06% 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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