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St. Giles, Torrington, Devon, EX38

South West

£900,000
Listed on 31/03/2025

Property Details

Bedrooms
5
Type
Detached house
Area
2528 sqft

Description

This spacious farmhouse, set amidst 24 acres of rolling Devon countryside, presents a unique opportunity for renovation and investment. Featuring five well-proportioned bedrooms and three versatile reception rooms, the property is ripe for transformation to meet modern standards while retaining its inherent character. Ideal for those looking to embrace rural living, the home’s expansive grounds provide ample space for outdoor activities or potential agricultural use. Additionally, there are several outbuildings on the premises that could be repurposed to enhance utility or generate income. Notably, the property comes with planning permission to convert a redundant barn into a two-bedroom dwelling, offering an attractive avenue for rental income or guest accommodations. Located just two miles from Great Torrington, residents can enjoy the benefits of nearby amenities while basking in the serenity of country life. The town boasts a vibrant community atmosphere with essential services such as shops, healthcare facilities, and schools within easy reach. Outdoor enthusiasts will appreciate direct access to 365 acres of common land and the Tarka Trail for walking and cycling. With its combination of space, potential for development, and convenient location, this property represents a compelling prospect for buyers seeking both a tranquil lifestyle and investment opportunities in the heart of Devon.

Investment Analysis

(EX38 area)

Above Market Value

This property is priced +30.9% above area average per sq ft

+30.9%
This Property
£356/sq ft
Area Average
£272/sq ft

Renovation Potential

Light Refurb
Est. Renovation Cost
£50,000 - £100,000
Target Value
£756,100
10% above area average per sq ft
Potential ROI
-24.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (EX38)

Area prices are falling by +3.8% over the last 12 months
3 year growth: -2.2%
5 year growth: 15.5%
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

St. Giles, Torrington, Devon, EX38
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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
£3,297
Based on a loan of £675,000 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