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South Molton Street, Chulmleigh, Devon, EX18 - Image 1
South Molton Street, Chulmleigh, Devon, EX18 - Image 2
South Molton Street, Chulmleigh, Devon, EX18 - Image 3
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South Molton Street, Chulmleigh, Devon, EX18 - Image 5
South Molton Street, Chulmleigh, Devon, EX18 - Image 6
South Molton Street, Chulmleigh, Devon, EX18 - Image 7

South Molton Street, Chulmleigh, Devon, EX18

South West

£125,000
Listed on 13/10/2025

Property Details

Bedrooms
1
Type
Detached house

Description

This unique property presents an exceptional opportunity for those interested in renovation and investment. Nestled adjacent to Royal Charter Park, just a brief stroll from the center of Chulmleigh, this detached workshop/private gym comes with full planning permission from North Devon District Council (Application Number 77167) for conversion into a one-bedroom bungalow. This allows for a potential transformation into a comfortable residential dwelling while maintaining the appeal of the surrounding area. The current layout features two substantial rooms, both equipped with windows and doors leading outside, previously utilized as a gym and workshop. Additionally, there is a shower room fitted with a three-piece suite. This space holds significant potential for reconfiguration to suit personal needs or investment goals. Accessed through a pedestrian gate that leads directly from Royal Charter Park, the property opens into an inviting courtyard area. The outdoor space is particularly notable—the paved patio extends to a lush garden measuring over 100 feet long, populated with mature shrubs and foliage. This offers ample opportunity for landscaping projects or simply enjoying the tranquility of a private garden setting. The location itself adds considerable appeal; being close to local amenities while providing ease of access to the surrounding countryside enhances its value. With its potential for growth and development in such a desirable area, this property represents an attractive prospect for buyers looking to create their own bespoke home or capitalize on investment opportunities in Chulmleigh. Mains electricity, water, and drainage connections are already in place, making it easier to start any renovations you may envision. Viewings are available strictly by appointment through the sole selling agent. Additionally, please note that there's an emergency fire escape route from the neighboring Winston Pincombe garage that leads to the front patio area—intended solely for emergency use. This freehold property allows for flexibility in design and use, making it an ideal canvas for your next project.

Investment Analysis

(EX18 area)
Area Average
£282/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
4
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (EX18)

Area prices are falling by +9.4% over the last 12 months
3 year growth: -7.7%
5 year growth: 21.1%
Investment Disclaimer: Analysis based on EX18 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 Street, Chulmleigh, Devon, EX18
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Mortgage Calculator

£
£
£
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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.

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