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Shakespeare Close, Tiverton, EX16

South West

£435,000

Listed on 06/10/2023

Property details

Bedrooms
4
Type
Detached
Area
1204 sqft

Description

Nestled at the end of a quiet cul-de-sac in the desirable Pinnex Moor area, this four-bedroom home presents an excellent opportunity for renovation and personalisation. The property features a spacious layout that includes a welcoming entrance hall, a lounge with countryside views, and a dining room that flows into a conservatory, enhancing its appeal as a family hub. Currently configured with a home office, the versatile second reception room could easily serve as an additional bedroom or play area. Upstairs, you'll find generously sized bedrooms, including one with an ensuite, providing potential for modern upgrades. Outside, the front lawn and driveway offer parking for two vehicles with options to expand further. The rear garden is level and offers a blank canvas for landscaping enthusiasts or families looking to create recreational spaces. Additionally, there is a practical brick-built storage shed equipped with power. While the property benefits from double glazing and gas central heating installed recently (2023), some cosmetic updates are likely needed to fully realise its potential. With thoughtful renovations, this home can easily transform into a tailored living space suited to your family's needs.

Investment analysis

(EX16 area)

Above Market Value

This property is priced +23.1% above area average per sq ft

+23.1%
This Property
£361/sq ft
Area Average
£293/sq ft
Avg Rent (weekly)
£229
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£388,579
10% above area average per sq ft
Potential ROI
-18.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (EX16)

Area prices are falling by -8.6% over the last 12 months
3 year growth: -11.6%
5 year growth: -2.4%
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

Shakespeare Close, Tiverton, EX16
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,643
Based on a loan of £326,250 over 30 years at 4.45% 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.

Stamp duty calculator

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