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Korna House, Shebbear, Devon

South West

£400,000
Listed on 30/01/2026

Property Details

Bedrooms
4
Type
Semi-detached house
Area
2475 sqft

Description

This charming property presents an excellent opportunity for those looking to invest in a versatile family home with a self-contained annexe, ideally suited for multi-generational living or as a rental income source. The main house features traditional character with spacious rooms, including a light-filled sitting room with a bay window and a captivating stone fireplace with woodburner—a perfect setting for relaxed evenings. Adjacent is the second reception room that transitions into the kitchen/dining area, where exposed beams and an inglenook-style fireplace contribute to the inviting atmosphere. The country-style kitchen comes equipped with fitted cabinets and tiled surrounds, complemented by a utility area for added convenience. Upstairs, three well-proportioned bedrooms are arranged around a central landing, with the main bedroom benefiting from dual aspects. The family bathroom includes modern fixtures and generous storage options. The attached annexe offers valuable independence; it boasts a cozy living space complete with a log burner, efficient kitchen facilities, a contemporary shower room, and a double bedroom—ideal for guest accommodations or continued rental potential. Externally, the landscaped gardens provide tranquil outdoor spaces for relaxation or entertaining. The sizeable outbuilding currently serves as a workshop and studio but holds substantial promise for transformation into additional living spaces or other ventures (subject to planning permissions). Additionally, there is a barn-style structure at the rear that could be leveraged for further storage or development opportunities. Set in the welcoming village of Shebbear within untouched Devon countryside, residents have access to essential amenities such as general stores and schools while remaining close to larger market towns like Holsworthy or coastal areas like Bude. This property offers immense potential through careful renovation and reimagining of its extensive spaces both inside and out.

Investment Analysis

(EX21 area)

Below Market Value

This property is priced -46.6% below area average per sq ft

-46.6%
Potential saving
This Property
£162/sq ft
Area Average
£303/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£824,237
10% above area average per sq ft
Potential ROI
+83.2%
After renovation
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
27%
Properties sold annually

Local Market Trend (EX21)

Area prices are rising by +5.5% over the last 12 months
3 year growth: -17.8%
5 year growth: +2.3%
Investment Disclaimer: Analysis based on EX21 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

Korna House, Shebbear, Devon
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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
£1,443
Based on a loan of £300,000 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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