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Oaklea, Tiverton, EX16

South West

£315,000
Listed on 18/01/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1120 sqft

Description

This three-bedroom detached house with a garage and rear extension is situated in a sought-after residential area, presenting a promising investment opportunity for buyers interested in renovation projects. Currently vacant and free from any onward chain, this property serves as an ideal blank slate ready for modernization. Upon entry, you are welcomed by a spacious hall that leads to a generously sized dual-aspect living room, which seamlessly flows into the dining area. This space is enhanced by a central fireplace and sliding doors that provide access to the rear garden. The kitchen features practical under-stairs storage and has direct access to the rear extension—an adaptable space that could function as a family room, playroom, or home office. The first floor comprises three well-sized bedrooms; the master benefits from built-in wardrobes, while the second is a roomy double. The third bedroom serves well as either a single room or study. A family bathroom with a classic white suite rounds out the upper level. Outside, the garden showcases mature shrubs and an established apple tree, along with room for potential gardening enhancements. Off-road parking for two to three vehicles is available on the driveway, alongside an integral garage that adds further utility to the property. Conveniently located just off Pinnex Moor Road, residents enjoy proximity to Tiverton town centre’s shops and schools. Public transport links are readily accessible, facilitating easy travel to Sampford Peverell train station with direct routes to London Paddington. The M5 motorway and Exeter city centre are also within short driving distance via the North Devon Link Road. This home holds substantial potential for value enhancement through strategic renovations, making it particularly attractive for investors or families eager to customize their living space according to personal preferences.

Investment Analysis

(EX16 area)

Below Market Value

This property is priced -3.7% below area average per sq ft

-3.7%
Potential saving
This Property
£281/sq ft
Area Average
£292/sq ft
Avg Rent (weekly)
£209
Avg Yield
3.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£359,990
10% above area average per sq ft
Potential ROI
-0.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
35%
Properties sold annually

Local Market Trend (EX16)

Area prices are falling by -8.1% over the last 12 months
3 year growth: -12.0%
5 year growth: +0.2%
Investment Disclaimer: Analysis based on EX16 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

Oaklea, Tiverton, EX16
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,136
Based on a loan of £236,250 over 30 years at 4.06% 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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