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Raleigh Mead, South Molton, Devon, EX36 - Image 1
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Raleigh Mead, South Molton, Devon, EX36 - Image 9

Raleigh Mead, South Molton, Devon, EX36

South West

£175,000
Listed on 13/10/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

Nestled in a tranquil cul-de-sac away from the main thoroughfare, this three-storey terraced home features three bedrooms and presents an excellent opportunity for renovation. The property is currently in need of refurbishment, making it an appealing project for those looking to invest and personalize their living space. On the ground floor, you’ll find a welcoming entrance hall that leads to a cloakroom, kitchen, and a spacious living/dining area. This area connects seamlessly to a large garden room with double patio doors that open onto the rear garden, allowing for plenty of natural light. The kitchen is equipped with essential appliances including an integrated gas hob and cooker, along with ample storage options through wall and base cupboards. Upstairs, the first floor hosts two double bedrooms, a family bathroom featuring a bath, WC, and wash hand basin, as well as a large airing cupboard. The top floor offers the master bedroom complete with an en-suite shower room. Each level of this home has been designed to maximize space and functionality. Outside, the property benefits from off-road parking for two vehicles on a private driveway and includes front and rear gardens. The rear garden features both patio seating areas and additional lawned space enclosed by timber fencing—ideal for outdoor relaxation or future landscaping projects. The location is highly advantageous, situated just moments from local shops, schools, and community woodland. Furthermore, easy access to Barnstaple and Tiverton via the A361 North Devon link provides extensive amenities including educational institutions and leisure activities. For broader travel needs, Exeter is within 40 minutes by car; Junction 27 of the M5 motorway and Tiverton Parkway Station are approximately 30 minutes away. Outdoor enthusiasts will appreciate the proximity to Exmoor National Park as well as various recreational activities available nearby. From scenic walks to cycling routes on the moorland to fishing opportunities in local rivers—there is much to explore. Additionally, residents can enjoy day trips to stunning North Devon beaches like Woolacombe and Croyde. This property not only offers spacious living but also significant potential for renovation or investment in a desirable locale surrounded by both convenience and nature's beauty.

Investment Analysis

(EX36 area)
Area Average
£284/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
9
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (EX36)

Area prices are rising by +4.0% over the last 12 months
3 year growth: -8.1%
5 year growth: 19.8%
Investment Disclaimer: Analysis based on EX36 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

Raleigh Mead, South Molton, Devon, EX36
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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
£641
Based on a loan of £131,250 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