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South Molton

South West

£695,000
Listed on 29/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1797 sqft

Description

This property offers a distinctive chance to invest in a detached family home along with an expansive former builder's yard located on the edge of South Molton. The house, featuring four bedrooms and three reception rooms, is well-presented and benefits from enclosed gardens and sufficient garage space. With a concrete yard spanning almost half an acre and large adaptable outbuildings exceeding 4,500 sqft, the site presents significant potential for various redevelopment opportunities, subject to obtaining necessary planning permissions. The property has been under the same ownership for about 50 years and is now available for new owners to unlock its full potential in a thriving community rich in amenities. Conveniently situated near the A361, this site serves as an ideal location not just for residential living but also for commercial ventures, especially given its proximity to transport links leading to Barnstaple and beyond. The surrounding area boasts a vibrant market town atmosphere with ample local services and recreational opportunities nearby, including the picturesque Exmoor National Park.

Investment Analysis

(EX36 area)

Above Market Value

This property is priced +37.2% above area average per sq ft

+37.2%
This Property
£387/sq ft
Area Average
£282/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£557,034
10% above area average per sq ft
Potential ROI
-31.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
7
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (EX36)

Area prices are stable by +0.3% over the last 12 months
3 year growth: -9.7%
5 year growth: +17.2%
Investment Disclaimer: Analysis based on EX36 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

South Molton
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,507
Based on a loan of £521,250 over 30 years at 4.06% 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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