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Building Plots at Southfield, Horwood

South West

£250,000
Listed on 13/10/2025

Property Details

Bedrooms
5
Type
Detached house

Description

This property presents a unique opportunity for developers and investors looking to capitalize on its renovation potential. Primarily consisting of two building plots, the site spans approximately 0.65 acres and comes with full planning permission for the construction of two detached bungalows. Set in a tranquil location away from the hustle and bustle, the plots are nestled among a collection of rural properties along a quiet country lane, making it an appealing choice for those seeking both privacy and community. The development is ideally situated just 1.3 miles from the village of Lovacott, which offers essential amenities and falls within the catchment area for the highly regarded Horwood & Newton Tracey Primary School, rated Outstanding by Ofsted. The nearby market town of Barnstaple is easily accessible, providing a broader range of services and facilities. The first plot allows for a three-bedroom detached bungalow encompassing around 156.2 m² (1,681.3 sq ft), while the second plot accommodates a two-bedroom detached bungalow with an area of approximately 88.3 m² (950.5 sq ft). Additionally, there is an extra section of land that could offer further development possibilities or enhancements to the existing plans, as well as potential access options subject to necessary consents. Though currently featuring a barn slated for demolition, infrastructural needs such as drainage and power are conveniently located nearby. Mains water is already connected to the barn site with a metered supply. Given its prime location—close to picturesque countryside yet within reach of urban conveniences—this property holds significant investment promise for those looking to build modern homes tailored to today’s living standards while enjoying serene surroundings. Further land may also be negotiable separately, adding another layer of potential to this offering. Viewing is strictly by appointment only, allowing interested parties direct access to explore this exciting opportunity fully.

Investment Analysis

(EX39 area)
Area Average
£300/sq ft
Avg Rent (weekly)
£193
Avg Yield
3.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£250,000 - £350,000
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

Building Plots at Southfield, Horwood
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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
£916
Based on a loan of £187,500 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