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Milton Damerel, Holsworthy, Devon, EX22 - Image 1
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Milton Damerel, Holsworthy, Devon, EX22

South West

£375,000
Listed on 18/05/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1905 sqft

Description

Nestled on the outskirts of the picturesque village of Milton Damerel, this detached bungalow presents a unique opportunity for those looking to invest in a property with potential. The two-bedroom layout offers a solid foundation for renovation or modern upgrades, catering to both personal needs and investment strategies. The kitchen has been recently updated with contemporary wall and floor-mounted cabinetry, complemented by durable acrylic worktops. Integrated appliances, including a fridge, dishwasher, electric oven, and ceramic hob with an extractor fan, provide a good starting point for culinary enthusiasts. The utility room extends the functionality of the space with plumbing for a washing machine and additional room for appliances like a tumble dryer or second fridge/freezer. An external door leads to the rear garden, enhancing accessibility. The lounge is designed for comfort and warmth, featuring a traditional woodburning stove that adds to its appeal during colder months. A large south-facing window fills the room with natural light, creating an inviting atmosphere. The two double bedrooms are well-sized and share a family bathroom equipped with a classic white suite and mains fed shower over the bath. Set in expansive grounds, the property boasts a spacious wrap-around garden that allows for scenic countryside views at the rear and glimpses of Dartmoor from the front. This outdoor space provides ample opportunity for landscaping or further development. The inclusion of off-street parking is complemented by both a double garage and carport—ideal for vehicle storage or potential conversion projects. With appropriate planning consent, there may be opportunities for extending or reconfiguring existing structures on-site to enhance living space further or increase rental potential. In addition to its serene location near local amenities, this bungalow is well-positioned as an attractive venture in today’s real estate market. It’s not just about finding a home; it's about recognizing prospects within a tranquil setting ready for your personal touch.

Investment Analysis

(EX22 area)

Below Market Value

This property is priced -35.2% below area average per sq ft

-35.2%
Potential saving
This Property
£197/sq ft
Area Average
£304/sq ft

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£636,089
10% above area average per sq ft
Potential ROI
+57.1%
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
6%
Properties sold annually

Local Market Trend (EX22)

Area prices are rising by +3.4% over the last 12 months
3 year growth: -15.9%
5 year growth: 7.4%
Investment Disclaimer: Analysis based on EX22 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

Milton Damerel, Holsworthy, Devon, EX22
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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
£1,374
Based on a loan of £281,250 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