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Chulmleigh

South West

£400,000
Listed on 13/10/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This individual detached bungalow offers significant renovation and investment potential, set on a generous plot in a serene cul-de-sac on the outskirts of Chulmleigh. With two spacious double bedrooms, this property presents a unique opportunity to transform its well-proportioned interiors into a modern living space. The extensive layout includes a large sitting room, an inviting farmhouse-style kitchen/dining area, a utility room, and a family bathroom—all providing ample scope for updates and personalization. Externally, the property is surrounded by expansive level gardens, complemented by off-road parking for multiple vehicles and an attached single garage. This outdoor space not only enhances the property's appeal but also opens up possibilities for landscaping or extending the existing footprint (subject to necessary permissions). Although the bungalow has been rented out over the past decade and requires modernization—such as upgrading the bathroom and general redecoration—it is structurally sound and ready for revitalization. Located in Chulmleigh, a vibrant rural community in Devon, this property benefits from proximity to local amenities including shops, schools, healthcare facilities, and recreational options. The town supports an active lifestyle with various sports clubs and leisure activities available. For broader access to services and transport connections, nearby South Molton provides additional shopping opportunities while Eggesford railway station facilitates direct travel between Exeter and Barnstaple. The surrounding countryside offers exceptional walking paths and outdoor pursuits, making this location desirable for both residents and investors looking to tap into the regional rental market or enhance value through strategic improvements. Given its potential for modernization alongside its advantageous position within a friendly community atmosphere, this bungalow stands out as an attractive investment prospect.

Investment Analysis

(EX18 area)
Area Average
£282/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
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

Chulmleigh
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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
£1,465
Based on a loan of £300,000 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.

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