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Meddon Street, Bideford, Devon

South West

£130,000
Listed on 06/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
527 sqft

Description

This two-bedroom mid-terrace home is conveniently located near the vibrant center of Bideford, making it an appealing choice for both first-time buyers and investors looking for a property with renovation potential. The absence of a chain facilitates a straightforward purchase process, allowing for quicker occupancy or rental opportunities. On the ground floor, the spacious living room features a large double-glazed window that enhances the brightness of the space and includes practical understairs storage. Adjacent to the living area is a kitchen that benefits from a Velux roof light, providing additional natural light. The kitchen is equipped with fitted cabinets and drawers, offering ample storage solutions. A shower room on this level includes modern fittings such as a double shower tray and an electric shower, plus essential amenities like a WC and wash hand basin. A door from the kitchen leads to a modest garden area, which, while not directly attached to the house, presents an opportunity to create a serene outdoor retreat or dining space. Ascending to the upper level, you’ll find two bedrooms. The main bedroom is generously sized with a UPVC double-glazed window overlooking the front of the property. The second bedroom offers views at the rear and provides flexibility for various uses, such as an office or guest room. While some updates are needed throughout the home, its central location combined with abundant natural light and private outdoor space opens up numerous possibilities for enhancement and personalization. This property represents an excellent investment opportunity in Bideford’s ever-evolving market, perfect for those looking to add value through renovations or simply create their ideal living environment.

Investment Analysis

(EX39 area)

Below Market Value

This property is priced -18.0% below area average per sq ft

-18.0%
Potential saving
This Property
£247/sq ft
Area Average
£301/sq ft
Avg Rent (weekly)
£212
Avg Yield
3.2%

Renovation Potential

Est. Renovation Cost
£13,000 - £32,500
10-25% of property value
Target Value
£174,316
10% above area average per sq ft
Potential ROI
+7.3%
After renovation
Monthly Sales
29
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (EX39)

Area prices are falling by +2.6% over the last 12 months
3 year growth: -2.8%
5 year growth: 25.3%
Investment Disclaimer: Analysis based on EX39 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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, Devon
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