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Higher Rocombe, Newton Abbot, Devon - Image 1
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Higher Rocombe, Newton Abbot, Devon

South West

£750,000
Listed on 29/10/2024

Property Details

Bedrooms
3
Type
Detached house

Description

This detached bungalow offers a solid foundation for those looking to invest in a property with significant renovation potential. Set on a generous plot that spans over 1.5 acres, the property features an extensive garden and two paddocks, presenting a unique opportunity for expansion or enhancement, subject to obtaining the necessary planning permissions. Inside, the home presents three spacious double bedrooms, with the principal room featuring built-in storage and charming garden views. The bright family room at the front benefits from dual aspect windows that flood the space with natural light and provide a welcoming atmosphere. A double-sided wood-burning stove connects the family room to the kitchen, creating an inviting space for gatherings. The kitchen is equipped with modern units, wooden worktops, and integrated Neff appliances, along with an area suitable for dining. Adjacent to the kitchen is a utility room that offers additional storage options and space for laundry appliances. This versatile room could easily serve as a boot room, with direct access to the back terrace – ideal for outdoor entertaining. A family shower room completes this well-appointed living space. The outdoor areas include beautifully maintained south-facing gardens and extensive grounds that ensure privacy. A large terrace provides ample space for al fresco dining or relaxation outdoors. Additionally, there is a summer house and a partially constructed outbuilding measuring 1,300 square feet that could be converted into various uses such as a garage, office, or workshop once completed. Located approximately one-and-a-half miles from Stokeinteignhead village, this property enjoys proximity to stunning Devon coastline attractions as well as easy access to Shaldon and larger towns like Newton Abbot and Torquay. The area boasts essential amenities including shops and schools while being well-connected by road via the A38 to Exeter and Plymouth. Newton Abbot’s mainline station facilitates travel to Exeter St. David’s and direct service to London Paddington within about three hours. This property stands out as an appealing investment opportunity for those seeking to customize their ideal family home in a picturesque setting while benefiting from all that the surrounding community has to offer.

Investment Analysis

(TQ12 area)
Area Average
£312/sq ft
Avg Rent (weekly)
£236
Avg Yield
3.8%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £30,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
65
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (TQ12)

Area prices are rising by +2.4% over the last 12 months
3 year growth: -1.8%
5 year growth: 18.3%
Investment Disclaimer: Analysis based on TQ12 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

Higher Rocombe, Newton Abbot, 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
£2,747
Based on a loan of £562,500 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