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Meshaw, South Molton, EX36

South West

£450,000
Listed on 03/02/2026

Property Details

Bedrooms
6
Type
Detached house
Area
2182 sqft

Description

This detached six-bedroom residence, set on approximately 0.75 acres in the scenic village of Meshaw, presents a unique opportunity for those looking to invest in a property with significant renovation potential. Currently functioning as two separate dwellings, this home can facilitate multi-generational living or serve as a source of rental income. With its historical roots dating back to the 1500s, the house features spacious and airy accommodations characterized by traditional elements such as woodburners and impressive inglenook fireplaces. The layout includes a main entrance leading to an expansive dining room, a functional kitchen, and various living spaces, alongside independent access to additional accommodation in the west wing. While it offers a solid foundation with quality features, the property is in need of modernization throughout to unlock its full potential. The generous grounds encompass well-maintained gardens and an open-fronted barn that could be repurposed for various uses. The location provides good connectivity to local amenities in South Molton and easy access to beautiful North Devon countryside—ideal for recreation enthusiasts and those seeking a serene rural lifestyle.

Investment Analysis

(EX36 area)

Below Market Value

This property is priced -26.8% below area average per sq ft

-26.8%
Potential saving
This Property
£206/sq ft
Area Average
£282/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£675,896
10% above area average per sq ft
Potential ROI
+18.6%
After renovation
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
14%
Properties sold annually

Local Market Trend (EX36)

Area prices are rising by +2.7% over the last 12 months
3 year growth: -9.9%
5 year growth: 18.3%
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

Meshaw, South Molton, EX36
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,623
Based on a loan of £337,500 over 30 years at 4.06% 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

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