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Meddon Street, Bideford

South West

£120,000
Listed on 19/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
570 sqft

Description

This two-bedroom terraced cottage is a prime opportunity for those looking to invest in a property with renovation potential, ideally located within walking distance of Bideford's town centre. The home currently requires modernization, providing a blank canvas for buyers eager to introduce their style and preferences. It features UPVC double glazing and an enclosed rear garden that, while not completely private, offers ample space for landscaping or creating a personal outdoor area. This property caters well to first-time buyers seeking an affordable entry point into the market as well as investors in search of a promising project. With no onward chain, this cottage presents a unique chance to reimagine and enhance its charm.

Investment Analysis

(EX39 area)

Below Market Value

This property is priced -29.9% below area average per sq ft

-29.9%
Potential saving
This Property
£211/sq ft
Area Average
£300/sq ft
Avg Rent (weekly)
£193
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£188,288
10% above area average per sq ft
Potential ROI
+29.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (EX39)

Area prices are falling by +4.0% over the last 12 months
3 year growth: -10.2%
5 year growth: 16.0%
Investment Disclaimer: Analysis based on EX39 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

Meddon Street, Bideford
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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
£440
Based on a loan of £90,000 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

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