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Fore Street, Langtree, Torrington

South West

£350,000
Listed on 15/12/2024

Property Details

Bedrooms
7
Type
Detached house
Area
2691 sqft

Description

This expansive two-storey former commercial property is situated on the outskirts of a sought-after village in the Torridgeside area. It boasts planning permission to transform into two self-contained residential units, comprising one three-bedroom and one four-bedroom property, both equipped with gardens and parking facilities. Recent updates include a newly installed roof, ensuring structural integrity moving forward. The layout includes ground floor spaces effectively designed for its previous use as a public house, featuring areas suitable for a bar, games room, kitchen, and storage facilities. The upper level accommodates four to five bedrooms along with essential amenities like kitchen and bathroom facilities. The potential for conversion into separate dwellings is complemented by the possibility of creating a substantial single-family home tailored to multi-generational living. The property benefits from easy access to local amenities, including schools and community services, while being conveniently located near transport links to larger towns such as Great Torrington and Barnstaple. Additionally, the surrounding countryside adds an appealing element for those looking for tranquility combined with accessibility. Current outbuildings include a workshop and barn; however, these would need to be removed if the conversion plans are enacted. This opportunity represents significant investment potential in a desirable location surrounded by nature with views extending towards Dartmoor.

Investment Analysis

(EX38 area)

Below Market Value

This property is priced -52.1% below area average per sq ft

-52.1%
Potential saving
This Property
£130/sq ft
Area Average
£272/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£120,000 - £180,000
Target Value
£803,667
10% above area average per sq ft
Potential ROI
+51.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
43%
Properties sold annually

Local Market Trend (EX38)

Area prices are falling by -14.4% over the last 12 months
3 year growth: -6.9%
5 year growth: +4.6%
Investment Disclaimer: Analysis based on EX38 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

Fore Street, Langtree, Torrington
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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
£1,262
Based on a loan of £262,500 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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