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Korna House, Shebbear, Devon

South West

£375,000
Listed on 29/12/2025

Property Details

Bedrooms
4
Type
Semi Detached
Area
2475 sqft

Description

This charming three-bedroom family home, accompanied by a self-contained annexe, presents a unique opportunity for renovation and investment. The main residence exudes character with spacious rooms, including a bright sitting room that features a bay window overlooking the village green and a traditional stone fireplace with a woodburner. Transitioning from the sitting area to the kitchen/dining space reveals exposed beams and an inglenook-style fireplace, enhancing its rustic appeal. The kitchen is equipped with fitted cabinets and practical utility areas, while an additional kitchen in the annexe provides extra functionality. Upstairs, you'll find three well-proportioned bedrooms centered around a landing, with the master benefiting from dual aspects. A modern family bathroom adds convenience to this inviting layout. The annexe serves as an independent living space ideal for guests or potential rental income, complete with its own living area featuring another log burner, kitchen, shower room, and a double bedroom. Outdoors, attractively landscaped gardens offer privacy for outdoor activities. The substantial outbuilding is currently configured as a workshop and studio but holds great promise for conversion into various uses or even additional living spaces with appropriate consents. Furthermore, the rear barn-style building could be utilized for extra storage or developed further. This property perfectly combines charm with potential in the heart of Shebbear village—a location surrounded by beautiful Devon countryside and equipped with local amenities. Overall, this property offers extensive possibilities for those looking to invest in a home that can adapt to their needs over time.

Investment Analysis

(EX21 area)

Below Market Value

This property is priced -49.0% below area average per sq ft

-49.0%
Potential saving
This Property
£152/sq ft
Area Average
£297/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£809,127
10% above area average per sq ft
Potential ROI
+95.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
2
Average per month
Market Turnover
3%
Properties sold annually

Local Market Trend (EX21)

Area prices are rising by +13.5% over the last 12 months
3 year growth: -9.3%
5 year growth: +6.6%
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 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,328
Based on a loan of £281,250 over 30 years at 3.91% 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

Price History

-12.8% since listed
£375,000£25,000(-6.3%)
08/04/2026
Current price
£400,000£20,000(-4.8%)
20/02/2026
£420,000£10,000(-2.3%)
29/01/2026
£430,000Initial listing
28/12/2025

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