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School Close, Fremington, Barnstaple

South West

£325,000
Listed on 02/11/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1191 sqft

Description

Set in a tranquil cul-de-sac in Fremington, this three-bedroom detached chalet bungalow presents an inviting canvas for renovation enthusiasts and investors alike, with no onward chain to navigate. The property offers versatile living spaces that can be tailored to meet modern needs while retaining its original charm. The ground floor features a spacious front-facing living room, distinguished by a unique circular side window and an elegant gas fireplace framed in wood with a marble hearth. A comfortable double bedroom with built-in storage sits alongside a separate dining room that provides pleasant views of the rear garden. The kitchen, although functional, offers ample cupboard space and plumbing options for appliances, presenting a solid foundation for updates. A garden room extends the living area into the outdoors, creating a bright spot for relaxation. The ground floor is completed by a practical shower room and a separate WC. Upstairs, two additional double bedrooms benefit from useful eaves storage; one of the bedrooms has the added convenience of an en-suite wash basin. This layout enhances the property's appeal for families or guests. Outside, the enclosed rear garden offers privacy and potential. With established apple and pear trees complemented by soft fruit bushes, a greenhouse, and a storage shed, there’s considerable scope for gardening enthusiasts or those looking to enhance outdoor living spaces further. A raised pond and seating area provide an inviting environment for enjoying morning coffee or unwinding after a long day. Additionally, a single garage and driveway parking add practicality to this charming home. This property not only has plenty of potential for personalization but is also well-positioned in a quiet yet accessible location—making it an attractive option for both homeowners looking to create their ideal living space and investors aiming to capitalize on renovation opportunities in this desirable area.

Investment Analysis

(EX31 area)

Below Market Value

This property is priced -15.3% below area average per sq ft

-15.3%
Potential saving
This Property
£273/sq ft
Area Average
£322/sq ft
Avg Rent (weekly)
£290
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£422,311
10% above area average per sq ft
Potential ROI
+15.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (EX31)

Area prices are falling by +3.9% over the last 12 months
3 year growth: -4.2%
5 year growth: 11.7%
Investment Disclaimer: Analysis based on EX31 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.

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Location

School Close, Fremington, Barnstaple
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