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Parklands Close, South Molton, Devon, EX36 - Image 1
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Parklands Close, South Molton, Devon, EX36

South West

£220,000
Listed on 06/11/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This detached bungalow features two bedrooms and is set in a desirable edge-of-town location. With driveway parking and a garage, the property also boasts a generously sized garden that presents ample opportunities for potential enhancement. Currently, it requires renovation, making it an appealing prospect for investors or those looking to create their ideal home. Accessed through an entrance hallway, the layout of the bungalow provides a functional flow to all rooms. The living room is notable for its spaciousness, complemented by a large window that allows natural light to fill the space, along with a traditional fireplace. The kitchen includes wall and base units along with essential appliances like an oven and hob. The main bedroom is a comfortable double, while the second bedroom offers good size for a single room and includes built-in storage. Notably, it also has sliding doors leading directly to the backyard, enhancing indoor-outdoor living possibilities. A shower room completes the internal layout. Outside, the front garden features a lawned area and pedestrian access to the rear. Driveway parking can be found on one side, alongside access to the garage which includes both an up-and-over door and a separate pedestrian door for convenience. The rear garden is predominantly laid to lawn with a patio area, providing peaceful surroundings with great potential for landscaping or outdoor improvements. Situated on the southern edge of town, this property is within easy reach of local amenities in South Molton, known as "The Gateway to Exmoor." Residents benefit from various everyday services including shops, schools, restaurants, and recreational facilities such as the renowned weekly Pannier Market and Quince Honey Farm. Its convenient proximity to major transport routes like the A361 North Devon link road facilitates travel to Barnstaple and beyond to Tiverton and the M5 motorway (J27). Furthermore, nature lovers will appreciate nearby Exmoor National Park’s scenic landscapes and numerous walking paths. For broader travel options, mainline rail links are accessible at Tiverton Parkway, connecting directly to London Paddington in approximately two hours. With its renovation potential combined with an advantageous location near both natural beauty and urban conveniences, this bungalow stands out as a valuable investment opportunity.

Investment Analysis

(EX36 area)
Area Average
£279/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
9
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (EX36)

Area prices are stable by 0.0% over the last 12 months
3 year growth: -10.6%
5 year growth: 18.7%
Investment Disclaimer: Analysis based on EX36 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

Parklands Close, South Molton, Devon, EX36
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