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Parkwood Road, Tavistock

South West

£450,000
Listed on 22/10/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1676 sqft

Description

Situated in a highly accessible location within the heart of Tavistock, this distinctive 4-bedroom house presents a unique opportunity for renovation and investment. With its strategic positioning just 150 yards from the high street and local amenities, this property offers both convenience and potential for future growth. The house has been owned by the same family for over 30 years and features a flexible layout that can accommodate various needs, including the option to create up to four bedrooms. Its reverse-level design is intentional, maximizing natural light for the main living areas. This characteristic not only enhances comfort but also opens up exciting possibilities for modernisation or reconfiguration to suit individual preferences. Externally, the property boasts ample parking with a gated driveway and a detached garage, making it ideal for families or those needing additional storage space. The gardens have been designed with low maintenance in mind, allowing future owners the flexibility to enhance outdoor spaces according to their vision. Inside, you’ll find a mixture of modern amenities alongside charming period details such as dado rails and beamed ceilings. The current layout includes a spacious sitting room with a stone fireplace, a functional kitchen equipped with essential appliances, and versatile rooms that can serve as dining areas or additional bedrooms. A sizeable ground-floor area could be transformed into an inviting reception space or guest suite, further adding value. Tavistock itself is known for its rich historical significance and vibrant community atmosphere. Residents enjoy easy access to recreational options such as Dartmoor National Park while benefiting from nearby educational institutions like Mount Kelly. With Exeter and Plymouth within reasonable driving distance, this location positions itself as not only an attractive home but also a sound investment opportunity. Access to mains services—including water, electricity, gas, and drainage—is already established, ensuring that modern comforts are readily available while still allowing room for personal touches through renovation. Given its unique attributes and prime location in a thriving market town, this property holds substantial potential for anyone looking to invest in their future home or enhance their real estate portfolio.

Investment Analysis

(PL19 area)

Below Market Value

This property is priced -11.9% below area average per sq ft

-11.9%
Potential saving
This Property
£268/sq ft
Area Average
£305/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£561,929
10% above area average per sq ft
Potential ROI
+12.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (PL19)

Area prices are rising by +7.6% over the last 12 months
3 year growth: -0.8%
5 year growth: 14.7%
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 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,648
Based on a loan of £337,500 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