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Reservoir Crescent, Elburton

South West

£330,000
Listed on 01/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1066 sqft

Description

This well-maintained, three-bedroom detached dormer bungalow, originally built by Fletcher, is situated in the desirable elevated area of Reservoir Crescent in Elburton. The property presents a unique opportunity for renovation and investment, particularly given its expansive views toward Dartmoor. While currently offering a spacious layout with a bright entrance hall, generous lounge, and large kitchen/dining area suited for family gatherings, the home has significant potential for modern updates or extensions, pending planning approval. The ground floor hosts two comfortable double bedrooms and a contemporary family bathroom. Ascending to the upper level reveals a versatile third bedroom complete with a dressing area and en suite shower room, along with valuable eaves storage. The exterior boasts beautiful mature gardens at both the front and rear, complemented by impressive views from an elevated position. A private driveway leads to an integrated garage equipped with power and lighting. This property is an excellent choice for those looking to create their ideal home in a sought-after location while benefiting from no onward chain.

Investment Analysis

(PL9 area)

Above Market Value

This property is priced +2.0% above area average per sq ft

+2.0%
This Property
£310/sq ft
Area Average
£303/sq ft
Avg Rent (weekly)
£266
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£355,825
10% above area average per sq ft
Potential ROI
-3.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (PL9)

Area prices are stable by +1.3% over the last 12 months
3 year growth: 6.7%
5 year growth: 16.2%
Investment Disclaimer: Analysis based on PL9 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

Reservoir Crescent, Elburton
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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
£1,209
Based on a loan of £247,500 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