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Near Chulmleigh

South West

£399,950
Listed on 14/11/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1496 sqft

Description

This detached house, originally two railway workers' cottages, is set on an extensive plot of approximately 0.59 acres in the scenic Taw Valley. Offering a spacious layout with a kitchen, dining room, living room, sitting room, study, utility area, four bedrooms and a bathroom, it presents significant potential for modernization. The property features mature gardens and useful outbuildings, including a car port and greenhouse. With its flexible layout, there’s the possibility to convert it back into dual-family residences if desired. Located just 1.5 miles from the amenities of Chulmleigh and within reach of Exmoor and Dartmoor National Parks, this home holds promise for both residential enjoyment and investment opportunities.

Investment Analysis

(EX37 area)

Below Market Value

This property is priced -6.5% below area average per sq ft

-6.5%
Potential saving
This Property
£267/sq ft
Area Average
£286/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£470,312
10% above area average per sq ft
Potential ROI
+2.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
3
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (EX37)

Area prices are rising by +20.1% over the last 12 months
3 year growth: 17.9%
5 year growth: 23.0%
Investment Disclaimer: Analysis based on EX37 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

Near Chulmleigh
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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
£1,465
Based on a loan of £299,962 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