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Burlescombe, Tiverton

South West

£200,000
Listed on 02/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
602 sqft

Description

This two-bedroom bungalow in the tranquil village of Burlescombe presents a unique opportunity for renovation and investment. With its cozy interiors and picturesque rural backdrop, the property is well-suited for those seeking a peaceful lifestyle while also possessing significant potential for enhancement. Upon entering, you’ll find a spacious living room featuring a welcoming fireplace and built-in storage cupboards, offering a comfortable space to relax. The primary bedroom stands out with its generous size and bright ambiance, enhanced by lovely views of the front garden. The adjacent second bedroom is also substantial, providing flexibility for use as a guest room or home office, and it overlooks the quiet rear garden. The bathroom includes essential fixtures such as a toilet, sink, and walk-in shower, combining functionality with comfort. The kitchen features ample natural light from windows that showcase views of the rear garden and provides access to additional storage through the lean-to area. This adaptable space could serve various purposes depending on your needs. Step outside to discover a serene rear garden that offers stunning countryside vistas—an ideal canvas for landscaping or outdoor entertaining. Given its location in this charming village, there’s substantial scope for those looking to modernize or expand upon the existing layout. In terms of utilities, the property is connected to mains electricity, water, and drainage. It falls under Council Tax Band A and benefits from broadband options with varying speeds available. EPC rated F suggests there’s room for improvement in energy efficiency, another area ripe for investment considerations. Overall, this bungalow not only embodies charm but also offers considerable potential for personal touches or renovations that can enhance its value. Whether you're looking to create your dream home or invest in a property with growth potential in an appealing rural setting, this bungalow is worth exploring.

Investment Analysis

(EX16 area)

Above Market Value

This property is priced +14.1% above area average per sq ft

+14.1%
This Property
£332/sq ft
Area Average
£291/sq ft
Avg Rent (weekly)
£210
Avg Yield
3.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£192,766
10% above area average per sq ft
Potential ROI
-18.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (EX16)

Area prices are falling by +7.4% over the last 12 months
3 year growth: -8.9%
5 year growth: 4.2%
Investment Disclaimer: Analysis based on EX16 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

Burlescombe, Tiverton
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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
£733
Based on a loan of £150,000 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