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Lurley, Tiverton

South West

£550,000
Listed on 19/10/2025

Property Details

Bedrooms
5
Type
Detached house
Area
1886 sqft

Description

This expansive country home, nestled in the tranquil hamlet of Lurley, offers a unique opportunity for those looking to invest in a property with substantial renovation potential. Set amidst rolling Mid Devon countryside, the house boasts five bedrooms and two bathrooms, along with ample living space that includes a large kitchen/dining room and a sitting room featuring an inviting fireplace. The property's generous layout allows for flexible accommodation arrangements, making it suitable for family living or entertaining. There is considerable scope for modernizing the interiors or reconfiguring the space to better meet contemporary needs. Many original period features remain intact, providing a solid foundation for restoration efforts while also allowing for personalization and updates. Significant investment potential lies not just within the main dwelling but also in the range of outbuildings that accompany the property. Spanning over 1,000 sq ft, these structures offer various possibilities such as conversion into additional living spaces, workshops, or storage facilities—subject to the necessary consents. The surrounding area enhances this property’s appeal. Just 2.5 miles from Tiverton, residents have convenient access to local amenities including shops, schools, and recreational facilities. The A361 North Devon Link Road facilitates easy travel to Junction 27 of the M5 and Tiverton Parkway Railway Station—providing connections to Exeter, Bristol, and London Paddington. Outdoor enthusiasts will appreciate the proximity to beautiful countryside trails perfect for walking, riding, and mountain biking. Additionally, this central location offers easy access to Exmoor National Park and the North Devon coastline. Outside, the property is approached via a private drive leading to a gravel parking area complete with a carport. The gardens are predominantly located at the rear and sides of the house, offering picturesque views of open fields and ample space for outdoor activities or landscape enhancement. With mains electricity and water services available alongside shared private drainage via septic tank and oil-fired central heating in place, this property combines rural charm with essential conveniences—making it an appealing candidate for both renovation enthusiasts and investors alike. Viewing is available by appointment through our agency.

Investment Analysis

(EX16 area)

Above Market Value

This property is priced +0.2% above area average per sq ft

+0.2%
This Property
£292/sq ft
Area Average
£291/sq ft
Avg Rent (weekly)
£210
Avg Yield
3.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£603,916
10% above area average per sq ft
Potential ROI
-7.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (EX16)

Area prices are falling by +7.4% over the last 12 months
3 year growth: -8.9%
5 year growth: 4.2%
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

Lurley, Tiverton
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,015
Based on a loan of £412,500 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE