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19 Lower Street, Chagford, Devon

South West

£475,000
Listed on 15/01/2025

Property Details

Bedrooms
7
Type
Terraced house
Area
1925 sqft

Description

This granite-built family residence is centrally located in Chagford, presenting an ideal opportunity for renovation and investment. The property features seven bedrooms spread across three levels, making it a versatile option for those looking to craft a spacious family home or seek potential rental income. Upon entering, you’ll find a welcoming entrance hall that opens up to a sitting room with an original granite fireplace, which holds the promise of being restored to enhance the home's charm further. The kitchen and dining area provide ample space for family gatherings and feature a classic Rayburn. A conservatory adds natural light and connects easily to the wet room at the rear, offering an additional functional space. The first floor includes two double bedrooms, two singles, and a bathroom equipped with a traditional cast iron bath – all spaces that could benefit from modern updates. Ascending to the second floor reveals two more double bedrooms and an additional single bedroom, providing plenty of accommodation options or the possibility to create private quarters. Externally, the property includes a covered archway that can accommodate small vehicle parking, adding convenience for residents or guests. The sizeable garden features terraced areas adjacent to historical outbuildings—an old stable and hayloft—that could serve various purposes, such as storage or even creative studio spaces. The garden is bordered by an attractive granite wall, enhancing its appeal. Situated just steps from Chagford's town square, this property offers access to local amenities including shops, cafes, schools, and recreational facilities such as sports pitches and parks. Surrounded by scenic countryside walks and within easy reach of major transport routes like the A30 and Exeter approximately 20 miles away, this location combines convenience with natural beauty. This property offers significant renovation potential—ideal for those ready to invest time into creating a unique home tailored to their vision or for investors seeking opportunities in a desirable community setting. Viewing is highly recommended to fully appreciate its possibilities.

Investment Analysis

(TQ13 area)

Below Market Value

This property is priced -26.8% below area average per sq ft

-26.8%
Potential saving
This Property
£247/sq ft
Area Average
£337/sq ft
Avg Rent (weekly)
£264
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£714,127
10% above area average per sq ft
Potential ROI
+24.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (TQ13)

Area prices are falling by +5.4% over the last 12 months
3 year growth: 1.1%
5 year growth: 10.7%
Investment Disclaimer: Analysis based on TQ13 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

19 Lower Street, Chagford, Devon
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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
£1,740
Based on a loan of £356,250 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