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Marwood

South West

£597,500
Listed on 29/12/2025

Property Details

Bedrooms
6
Type
Detached house
Area
3318 sqft

Description

This significant detached period long house, nestled in the tranquil Devon countryside, offers a unique opportunity for renovation and investment. Located on a quiet lane, the property boasts a charming blend of original features and modern amenities across its expansive layout with six bedrooms. The versatility of the space could accommodate dual living arrangements or serve as an income-generating venture, given its potential for conversion into separate living quarters. An integral barn currently used for storage and workshops presents additional possibilities for further accommodation or functional space, pending planning permissions. The well-maintained gardens surrounding the home provide ample outdoor enjoyment, while a detached stone barn also invites creative repurposing ideas. Although the property retains an authentic rustic charm, it would benefit from certain updates to enhance its appeal and functionality. With no upward chain and most furnishings available separately, this property is primed for those looking to invest in a character-rich home with significant potential in a picturesque setting near Barnstaple and the North Devon coast.

Investment Analysis

(EX31 area)

Below Market Value

This property is priced -44.0% below area average per sq ft

-44.0%
Potential saving
This Property
£180/sq ft
Area Average
£322/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£1,174,141
10% above area average per sq ft
Potential ROI
+73.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
28%
Properties sold annually

Local Market Trend (EX31)

Area prices are falling by +2.3% over the last 12 months
3 year growth: -5.3%
5 year growth: 11.3%
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.

Location

Marwood
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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
£2,155
Based on a loan of £448,125 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.

Next Steps

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