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Stoodleigh, Tiverton, Devon, EX16

South West

£845,000
Listed on 29/12/2025

Property Details

Bedrooms
5
Type
Detached house
Area
3238 sqft

Description

This spacious residence, known as The Old Forge, is a period property located on a generous plot in the desirable village of Stoodleigh. Its historical features offer a unique character while presenting significant potential for modernization and renovation. A welcoming dining hall features traditional stone flag flooring, an inglenook fireplace with a bread oven—a wonderful starting point for restoration. The sitting room boasts an open fireplace flanked by built-in cupboards, with French doors leading into the garden, inviting fresh possibilities for indoor-outdoor living enhancements. The open-plan kitchen and living area provide a solid foundation for family gatherings, thanks to its triple aspect windows and cozy wood burner. On the lower level, two steps descend to a family room that also opens out to the front garden through French doors. Practical elements include a utility room along with additional larder and storage space. Ascending to the first floor reveals five generously proportioned bedrooms; notably, the principal suite includes a walk-in wardrobe and ensuite bathroom—a characteristic element that can be updated according to personal style. The property's two-storey barn on the southern edge presents fantastic redevelopment opportunities with its original cobbled flooring and rustic exposed timbers. It currently serves as ample storage but could be transformed into additional living spaces or even an office or studio if desired. Surrounding gardens are divided into charming tiers filled with mature shrubs and seasonal plants, offering scope for landscaping improvements. Located in Mid Devon’s picturesque countryside, this home is within close reach of essential amenities in nearby villages and towns while maintaining its rural charm. The Old Forge combines historic appeal with considerable investment potential for those looking to create their dream home in an idyllic setting.

Investment Analysis

(EX16 area)

Below Market Value

This property is priced -10.8% below area average per sq ft

-10.8%
Potential saving
This Property
£261/sq ft
Area Average
£293/sq ft
Avg Rent (weekly)
£232
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£1,042,005
10% above area average per sq ft
Potential ROI
+12.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (EX16)

Area prices are falling by -10.2% over the last 12 months
3 year growth: -13.0%
5 year growth: -1.5%
Investment Disclaimer: Analysis based on EX16 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

Stoodleigh, Tiverton, Devon, EX16
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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
£3,048
Based on a loan of £633,750 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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