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Parkwood Road, Tavistock

South West

£420,000
Listed on 31/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1676 sqft

Description

This distinct detached house, situated in the heart of Tavistock, presents an exciting opportunity for those looking to create a bespoke home tailored to modern tastes. The property comes with a versatile layout allowing for up to four bedrooms, perfect for families or as an investment for rental purposes. With its reverse-level design, natural light floods the main living areas, enhancing the home's appeal. Accessible parking and low-maintenance gardens add to the property's practicality. The location is highly desirable, just a short walk from the bustling high street and local amenities, making it a great base for those who appreciate convenience. While the house boasts some character features such as beamed ceilings and stone fireplaces, there is significant potential for refurbishment or remodelling to fully maximise its value. Externally, a gated driveway accommodates multiple vehicles alongside a detached garage equipped with power supply. The courtyard garden offers additional outdoor space for entertaining or relaxation. Given that this property has not been on the market for over 30 years and comes with no onward chain, it represents a rare chance to invest in this thriving market town with ample scope for improvement (subject to necessary permissions).

Investment Analysis

(PL19 area)

Below Market Value

This property is priced -17.2% below area average per sq ft

-17.2%
Potential saving
This Property
£251/sq ft
Area Average
£303/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£558,242
10% above area average per sq ft
Potential ROI
+18.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
41%
Properties sold annually

Local Market Trend (PL19)

Area prices are rising by +12.4% over the last 12 months
3 year growth: -0.4%
5 year growth: +15.7%
Investment Disclaimer: Analysis based on PL19 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

Parkwood Road, Tavistock
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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
£1,515
Based on a loan of £315,000 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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