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Ashburton, Devon

South West

£265,000
Listed on 07/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
911 sqft

Description

Nestled in the vibrant community of Ashburton, this mid-terrace home offers a unique opportunity for renovation and investment. Having been in the same family for over sixty years, the property is now ready for a new owner who can appreciate its potential and personal touch. Spread over two floors, the home features three bedrooms and generous living spaces that await modern updating. The ground floor welcomes you with a hallway leading to two reception rooms. The front lounge boasts a bay window that floods the space with natural light while providing pleasant views of the surrounding greenery, complemented by a traditional fireplace as a focal point. The dining room positioned at the back of the property offers an inviting atmosphere for meals with family or friends, with a view of the garden through its rear window. The kitchen features functional fitted units and has access to a rear hall leading to a cloakroom and the garden, which holds ample potential for outdoor entertaining. This area invites creativity for those looking to redesign it to fit contemporary needs. On the first floor, you'll find three versatile bedrooms ideal for families or individuals needing additional workspace. The principal bedroom is bright and spacious, set at the front of the house with views that encourage relaxation. A second double bedroom overlooks the attractive rear garden and open countryside beyond, while a third single bedroom could serve various purposes—from a child’s room to an office or hobby space. The bathroom retains its original suite but presents an opportunity to be reimagined according to modern standards. Outside, the property benefits from both front and rear gardens. The established front garden adds character while creating privacy from the pavement. At the back, you’ll discover a well-kept garden featuring level lawns surrounded by diverse shrubs and trees, providing an ideal setting for children’s play or gardening enthusiasts keen on enhancing their green space. Situated within Dartmoor National Park, Ashburton itself is rich in local amenities including independent shops, an artisan bakery, delicatessens, and schools catering to all ages. With easy access to extensive walking routes in Dartmoor as well as proximity to Newton Abbot—approximately 7.5 miles away—this location provides both community engagement and convenience alongside opportunities for outdoor pursuits. This property also comes with notable restrictions; it falls under a Devon Locality Clause which means it can only be sold to buyers who have lived or worked in Devon for at least three years. Such conditions may be significant factors for those considering this investment opportunity. With its promising location and potential for renovation, this mid-terrace

Investment Analysis

(TQ13 area)

Below Market Value

This property is priced -13.7% below area average per sq ft

-13.7%
Potential saving
This Property
£291/sq ft
Area Average
£337/sq ft
Avg Rent (weekly)
£264
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£337,958
10% above area average per sq ft
Potential ROI
+14.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (TQ13)

Area prices are falling by +5.4% over the last 12 months
3 year growth: 1.1%
5 year growth: 10.7%
Investment Disclaimer: Analysis based on TQ13 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

Ashburton, Devon
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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
£971
Based on a loan of £198,750 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