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Hartland, Bideford, Devon, EX39

South West

£195,000
Listed on 05/10/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This unique building plot presents a solid opportunity for those interested in investing in a desirable coastal location. Nestled within a tranquil rural hamlet, the site spans nearly an acre and boasts breathtaking sea views, especially towards Lundy Island. Currently, it features a useful storage barn and a large concrete hard standing area, adding practical value to the property. Full planning permission has been granted for the construction of a bespoke three-bedroom detached dwelling. This approval allows prospective buyers to proceed with development plans and customize their dream home according to personal tastes. The proposed design includes essential spaces such as an open-plan kitchen/dining area, multiple en-suite bedrooms, and a family bathroom, ensuring the layout is both functional and accommodating. The existing barn is single-storey, measuring approximately 23.7 meters by 7.6 meters, providing ample space for redevelopment while maintaining the potential for outdoor living with surrounding paddock areas. Any necessary drainage provisions have also been thoughtfully planned. Situated away from bustling urban centers yet conveniently accessible via major road networks, this location combines peace and privacy with easy connectivity. With no affordable housing contributions or community levies reported on this plot, buyers can explore its full investment potential without additional financial constraints. This property not only invites self-build enthusiasts eager to craft their ideal home but also presents opportunities for developers looking to capitalize on its prime coastal setting. Overall, this site represents a rare chance to invest in a location ripe for renovation or new construction while enjoying the natural beauty that surrounds it.

Investment Analysis

(EX39 area)
Area Average
£300/sq ft
Avg Rent (weekly)
£193
Avg Yield
3.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£250,000 - £350,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (EX39)

Area prices are falling by +4.0% over the last 12 months
3 year growth: -10.2%
5 year growth: 16.0%
Investment Disclaimer: Analysis based on EX39 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

Hartland, Bideford, Devon, EX39
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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
£714
Based on a loan of £146,250 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