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Barris View, Lapford

South West

£225,000
Listed on 26/04/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This mid-terrace home is located on the edge of the rural village of Lapford, providing a unique combination of peaceful living with potential for renovation and investment. The property features two well-proportioned bedrooms, a practical kitchen/breakfast room, a comfortable sitting room, and a conservatory that invites ample natural light while offering lovely views down the Yeo Valley. The ground floor layout includes an entrance hall that leads to a cloakroom and through to the kitchen. The spacious kitchen is equipped with various units, an eye-level double oven, and offers space for additional appliances, making it an ideal candidate for modern updates. Adjoining this area is the sitting room, which benefits from a cast iron multi-fuel stove—perfect for adding warmth during colder months. The conservatory extends living space further and opens into a garden that provides both privacy and picturesque surroundings. Upstairs, you will find two double bedrooms that are complemented by a bathroom featuring essential amenities. While the property is in reasonable condition overall, there is significant scope for improvement—most notably in updating the kitchen and bathroom fittings as well as refreshing the interiors with new carpeting and decor. The outdoor spaces enhance this property’s appeal: at the front, there’s a generously sized garden along with storage sheds and workshop space; at the rear, another garden area offers serene views of surrounding farmland. This dual-garden setup not only adds value but also allows for personal landscaping projects or potential enhancements. Positioned close to local amenities such as shops, a primary school, and public transportation options—an inter-city rail link nearby enhances connectivity—this property presents an opportunity for investors looking to add value through strategic renovations or families seeking a tranquil environment. With Exeter just 17 miles away, residents can enjoy easy access to more extensive services and attractions while still enjoying rural life.

Investment Analysis

(EX17 area)
Area Average
£302/sq ft
Avg Rent (weekly)
£233
Avg Yield
3.0%

Renovation Potential

Est. Renovation Cost
£22,500 - £56,250
10-25% of property value
Monthly Sales
5
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (EX17)

Area prices are stable by +1.6% over the last 12 months
3 year growth: -8.7%
5 year growth: 13.3%
Investment Disclaimer: Analysis based on EX17 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

Barris View, Lapford
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