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Prospect Place, Sticklepath, EX20 2NT - Image 1
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Prospect Place, Sticklepath, EX20 2NT

South West

£200,000
Listed on 02/11/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
872 sqft

Description

This two-bedroom character cottage is nestled on the outskirts of the charming villages of South Zeal and Sticklepath, providing a blend of serene countryside living coupled with access to local amenities. Located within walking distance of scenic moorland, this property presents an attractive opportunity for those looking to invest in a renovation project. The cottage showcases original craftsmanship, evident from its history as the residence of a skilled carpenter. Character features are present throughout, particularly in the kitchen, which boasts bespoke hand-crafted units that could be beautifully restored to enhance their charm. The spacious eighteen-foot-long sitting room features an inglenook fireplace with an inset wood-burning stove, creating a cozy atmosphere perfect for gatherings or quiet evenings. Upstairs, you'll find two well-proportioned bedrooms, one complete with an adjoining dressing room. Additionally, there is a versatile study or storeroom that adds further potential for customization based on your needs. The outdoor space is particularly noteworthy; while it requires some care, it offers a substantial garden that includes a generous lawn area complemented by established trees and shrubs along with a tranquil pond shaded by striking Gunnera plants. A pedestrian right of way provides convenient access through a neighboring property. Situated on the edge of these picturesque villages, residents will benefit from proximity to local primary schools, shops, and essential services including pubs and churches. A short drive leads you to Okehampton where secondary education options, supermarkets, and retail stores are available along with rail connections to Exeter. The A30 corridor is easily accessible by car, placing Exeter just 20 to 25 minutes away and making surrounding towns like Moretonhampstead and Chagford easily reachable. Overall, this property represents not only a charming dwelling but also significant renovation potential in a highly desirable location—ideal for both creative homeowners and investors alike.

Investment Analysis

(EX20 area)

Below Market Value

This property is priced -20.9% below area average per sq ft

-20.9%
Potential saving
This Property
£229/sq ft
Area Average
£290/sq ft
Avg Rent (weekly)
£202
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£278,216
10% above area average per sq ft
Potential ROI
+15.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (EX20)

Area prices are stable by +0.2% over the last 12 months
3 year growth: 1.5%
5 year growth: 14.1%
Investment Disclaimer: Analysis based on EX20 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

Prospect Place, Sticklepath, EX20 2NT
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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
£733
Based on a loan of £150,000 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