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Barris View, Lapford

South West

£225,000
Listed on 13/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1009 sqft

Description

This mid-terrace house is located on the edge of the picturesque village of Lapford, presenting a solid opportunity for renovation and investment. The property features two spacious bedrooms and a functional layout that spans two floors. The ground level comprises an entrance hall leading to a kitchen/breakfast room, a sitting room, and a conservatory. Additionally, there is a convenient cloakroom on the main floor and an upstairs bathroom. One of the key highlights of this property is its generous outdoor space, including both front and rear gardens. The front garden offers useful storage sheds and workshop space, while the rear garden boasts lovely rural views down the Yeo Valley—ideal for creating an inviting outdoor retreat. Internally, while the home is in reasonable condition with electric night storage heating and a wood burner in the sitting room, it presents clear potential for modernization. Updating the kitchen and bathroom suites, along with fresh decor and flooring throughout, could significantly enhance both comfort and value. In terms of location, Lapford provides essential village amenities such as a local shop, primary school, garage, and pub. For more extensive shopping options, Crediton is just seven miles away, offering additional facilities like supermarkets, banks, restaurants, and recreational amenities. The city of Exeter lies approximately 17 miles from the property; it serves as Devon's major center with comprehensive educational and recreational offerings. Furthermore, Exeter provides convenient transport links via inter-city rail connections to London and beyond. This property not only offers comfortable living but also excellent potential for those looking to invest in improvements that could yield significant returns. With its charming rural setting and access to key services nearby, it represents an attractive opportunity in today’s market.

Investment Analysis

(EX17 area)

Below Market Value

This property is priced -26.5% below area average per sq ft

-26.5%
Potential saving
This Property
£223/sq ft
Area Average
£303/sq ft
Avg Rent (weekly)
£237
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£12,000 - £20,000
Target Value
£336,744
10% above area average per sq ft
Potential ROI
+37.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (EX17)

Area prices are falling by +3.8% over the last 12 months
3 year growth: -11.7%
5 year growth: 10.9%
Investment Disclaimer: Analysis based on EX17 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

Barris View, Lapford
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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
£824
Based on a loan of £168,750 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