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King Street, South Molton, Devon

South West

£95,000
Listed on 13/09/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
775 sqft

Description

This freehold property presents a unique chance to own a double-fronted ground floor shop, complemented by a two-bedroom flat located above. Situated in a bustling high street area, the property is ripe for renovation and modernization, allowing prospective buyers to tailor it to their specific needs. The ground floor shop benefits from separate access and is equipped with essential utilities including power, lighting, water, and plumbing, making it versatile for various business applications. With some refurbishment, this space could be transformed into an inviting retail environment or office space that caters to the local community. Above the shop, the two-bedroom flat spans two levels. The first floor features a kitchen, lounge, bathroom, and one bedroom, while the second floor adds another bedroom along with additional storage. This layout offers potential for either rental income or personal use after necessary updates are made. The property includes a rear courtyard with shared access, providing outdoor space that can enhance the living area of the flat or serve as an employee break area for the shop. As it is being sold with no onward chain, this offers a straightforward acquisition process for investors or those looking to develop the property further. Located in South Molton—an area known for its rich history and vibrant market culture—this property is positioned near shops and eateries that highlight local produce. The town has retained its historic charm while actively participating in modern commerce through bi-weekly markets. Its proximity to Exmoor National Park enhances its appeal both as a residential location and as an investment opportunity in an area that attracts visitors year-round. Overall, this property stands out due to its dual-purpose potential—commercial and residential—and invites creative redevelopment opportunities that could significantly increase its value over time.

Investment Analysis

(EX36 area)

Below Market Value

This property is priced -56.9% below area average per sq ft

-56.9%
Potential saving
This Property
£123/sq ft
Area Average
£284/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£242,451
10% above area average per sq ft
Potential ROI
+56.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
9
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (EX36)

Area prices are rising by +4.0% over the last 12 months
3 year growth: -8.1%
5 year growth: 19.8%
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

King Street, South Molton, 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
£348
Based on a loan of £71,250 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