Worst House on the Street Logo
South Molton - Image 1
South Molton - Image 2
South Molton - Image 3
South Molton - Image 4
South Molton - Image 5
South Molton - Image 6
South Molton - Image 7
South Molton - Image 8
South Molton - Image 9
South Molton - Image 10
South Molton - Image 11

South Molton

South West

£125,000
Listed on 17/11/2025

Property Details

Bedrooms
N/A
Type
Terraced house

Description

This property presents a significant renovation and investment opportunity in the center of a vibrant market town. This large, period building spans three floors and includes generous living space along with an enclosed walled garden, offering potential for transformation. While the property is in need of complete refurbishment, its original features have the potential to add character and charm once restored. Located in the heart of South Molton, this property is poised to benefit from the surrounding amenities that the town has to offer. With a range of services including schools for all ages, supermarkets, banking facilities, cafés, pubs, and unique independent shops, residents will find convenience at their doorstep. The town also hosts an award-winning pannier market and weekly stock markets that contribute to its lively atmosphere. Accessibility to Barnstaple and North Devon's coastline is enhanced by the A361 bypass, while links to Tiverton Parkway train station provide easy routes to London. Constructed from stone beneath a slate roof, this early 19th-century building was previously utilized as a dental practice and classified as commercial. However, there is potential for reclassification as residential (subject to planning), allowing for various development options such as converting it into a spacious family home or subdividing it into multiple units. The property's layout offers several adaptable rooms across two upper floors alongside substantial reception areas on the ground floor. The enclosed garden at the back provides an inviting outdoor space that could be developed into an attractive feature of any future renovation project. Mains services are available but currently disconnected, giving new owners the freedom to configure utilities as they see fit. Additionally, being located within a conservation area may enhance its appeal for restoration projects aimed at maintaining historical integrity. This property represents not just a home but an exciting opportunity for investors or developers looking to make their mark in a sought-after location.

Investment Analysis

(EX36 area)
Area Average
£284/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
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

South Molton
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£458
Based on a loan of £93,750 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.

Next Steps

Explore services to help you with this property purchase.

Need a survey for this property?

Book a professional assessment to identify potential issues and property condition

RICS qualified surveyors

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE