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Rackenford, Tiverton, Devon, EX16

South West

£100,000

Listed on 06/10/2025

Property details

Bedrooms
N/A
Type
Barn Conversion

Description

This property presents a remarkable opportunity for transformation within the serene landscape of North Devon. Spanning approximately 2.02 acres, the versatile agricultural building has received planning permission for conversion into a light industrial unit, paving the way for entrepreneurial ventures. The modern barn, constructed with a steel frame and clad in profile steel, provides an expansive gross internal area of around 2,572 sqft (239m²). While it currently features an earth and wood chip floor, this space could be developed into a functional commercial premises complete with designated office areas, cloakrooms, and an open plan business environment complete with roller shutter access. Additional outdoor development potential includes establishing an access track and parking facilities alongside the creation of additional amenities such as paddocks or orchards on the land. Although equipped with planning for light industrial use, alternate uses may also be possible pending appropriate consents. As it stands, however, mains services are not yet connected and will require independent installation by the future owner. This property is ideally located near major road networks while surrounded by picturesque countryside offering ample recreational opportunities.

Investment analysis

(EX16 area)
Area Average
£293/sq ft
Avg Rent (weekly)
£229
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£45,000 - £70,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (EX16)

Area prices are falling by -8.6% over the last 12 months
3 year growth: -11.6%
5 year growth: -2.4%
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

Rackenford, Tiverton, Devon, EX16
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Mortgage calculator

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£
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£378
Based on a loan of £75,000 over 30 years at 4.45% 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.

Stamp duty calculator

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