Worst House on the Street Logo
Near Chulmleigh - Image 1
Near Chulmleigh - Image 2
Near Chulmleigh - Image 3
Near Chulmleigh - Image 4
Near Chulmleigh - Image 5

Near Chulmleigh

South West

£450,000
Listed on 22/08/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1496 sqft

Description

This charming detached home is set on an expansive 0.59-acre plot, featuring mature gardens that provide a tranquil environment. Originally two railway cottages, the property offers significant renovation potential, allowing you to breathe new life into its characterful structure. With four bedrooms and multiple living spaces—including a kitchen, dining room, living room, sitting room, study, and utility—there is ample opportunity for reconfiguration to suit modern lifestyles. The layout currently accommodates a single-family setup, but its history as dual cottages presents an option for those seeking a multi-generational living arrangement or rental potential. The presence of useful outbuildings, a carport, and greenhouse further enhances the property’s appeal for gardening enthusiasts or hobbyists. Situated in the scenic Taw Valley, this property benefits from close proximity to local amenities in the town of Chulmleigh, just 1.5 miles away. This town offers a variety of shops, schools, and health services. Additionally, larger market towns such as South Molton and Barnstaple are within convenient driving distance, providing a broader range of options for shopping and services. Access to major transportation routes is also favorable; the M5 is easily reachable via North Devon Link Road. Outdoor enthusiasts will appreciate the location's proximity to both Exmoor and Dartmoor National Parks as well as local forestry walks. The stunning North Devon coastline with sandy beaches is also just a short drive away. The property itself features brick construction beneath a slate roof and boasts numerous original features that could be accentuated through thoughtful renovations. A spacious driveway leads to off-road parking at the rear of the house. The gardens are well-established with mature trees and shrubs providing privacy and natural beauty. Overall, this house represents an excellent investment opportunity in a desirable location while offering flexibility to accommodate various living arrangements or future development possibilities.

Investment Analysis

(EX37 area)

Above Market Value

This property is priced +6.8% above area average per sq ft

+6.8%
This Property
£301/sq ft
Area Average
£282/sq ft

Renovation Potential

Est. Renovation Cost
£45,000 - £112,500
10-25% of property value
Target Value
£463,319
10% above area average per sq ft
Potential ROI
-17.6%
After renovation
Monthly Sales
2
Average per month
Market Turnover
4%
Properties sold annually

Local Market Trend (EX37)

Area prices are rising by +19.7% over the last 12 months
3 year growth: 38.2%
5 year growth: 34.8%
Investment Disclaimer: Analysis based on EX37 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

Near Chulmleigh
Map showing location of Near Chulmleigh
Open Map