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Pyworthy, Holsworthy, Devon, EX22

South West

£350,000
Listed on 13/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a compelling opportunity for development, featuring a site conducive to the construction of four detached bungalows on generously sized plots that enjoy views of the surrounding countryside. Nestled at the edge of the picturesque village of Pyworthy, this location benefits from a strong community atmosphere and established resale values, making it an appealing prospect for both developers and investors. The site itself is primarily level, with a gentle slope facilitating drainage and design flexibility. Current planning permissions allow for the creation of four three-bedroom bungalows, each designed with spacious open-plan living areas that incorporate kitchen, dining, and lounge spaces. Large bi-fold doors will ensure these homes are filled with natural light and provide direct access to outdoor areas, enhancing their appeal. Each bungalow will feature a master bedroom complete with an ensuite bathroom, alongside two additional bedrooms, a family bathroom, a study, and a utility room. The area is well-served by local amenities—including a church, public house, village hall, playing field, and playground—all within walking distance. The market town of Holsworthy is just two miles away and offers a wider range of shops and facilities such as Waitrose and recreational options including a golf club and swimming pool. For those who enjoy nature and outdoor activities, the stunning North Devon and Cornish coastlines lie only nine miles away. Planning permissions have been secured with reserved matters approved under reference 1/1048/2024/REM as of January 30th, 2025. This was preceded by outline approval granted under reference 1/0685/2022/OUT on January 17th, 2023. Documentation related to the planning process is readily available through Torridge District Council or can be accessed through our office. Importantly for potential investors or builders: there are no Community Infrastructure Levy (CIL) charges applicable to this development project. Additionally, contributions toward local allotments and recreational facilities are outlined but represent standard community support in line with local development practices. Utilities are accessible nearby; however, prospective buyers should confirm availability and connection costs independently. This property offers not only an engaging challenge but also significant profit potential in an attractive rural setting—ideal for those looking to make their mark in this thriving community.

Investment Analysis

(EX22 area)
Area Average
£304/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£800,000 - £1,200,000
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

Pyworthy, 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
£1,282
Based on a loan of £262,500 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