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Puddington, Tiverton, Devon, EX16

South West

£400,000
Listed on 20/10/2025

Property Details

Bedrooms
4
Type
Detached house
Area
2093 sqft

Description

This distinctive former chapel, constructed in 1854, is nestled on the outskirts of Puddington village, providing expansive countryside vistas. Showcasing a range of original architectural features, this property presents an exceptional opportunity for investors or those looking to undertake a bespoke renovation project. With a flexible layout that includes four bedrooms—two with en-suites—and extensive living spaces, there is ample scope to modernise and enhance the home's appeal. The ground floor incorporates a utility room, an inviting sitting room with period beams and an inglenook fireplace, a well-positioned kitchen ripe for improvement, and a dining room featuring an open staircase. The first floor impresses with generously sized bedrooms all benefiting from unique arched windows and built-in storage. Outside, the property boasts a walled cottage garden along with a garage and substantial workshop that could be adapted for various uses pending permission. With existing amenities like solar panels and an air source heat pump already in place, the groundwork for energy-efficient living is established, allowing further updates to complement sustainability efforts. This property holds tremendous potential for transformation into a unique family home or rental investment within charming rural surroundings.

Investment Analysis

(EX16 area)

Below Market Value

This property is priced -34.7% below area average per sq ft

-34.7%
Potential saving
This Property
£191/sq ft
Area Average
£293/sq ft
Avg Rent (weekly)
£232
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £60,000
Target Value
£673,538
10% above area average per sq ft
Potential ROI
+46.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (EX16)

Area prices are falling by -10.2% over the last 12 months
3 year growth: -13.0%
5 year growth: -1.5%
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

Puddington, Tiverton, Devon, EX16
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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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