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Spurway Road, Tiverton, EX16

South West

£325,000
Listed on 29/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
922 sqft

Description

Situated in a serene canal environment, this property presents a compelling opportunity for transformation into a modern family home. The spacious layout, abundant natural light, and secluded garden provide an excellent foundation for innovative renovation. The entrance porch opens to a welcoming hallway, which leads to the lounge that boasts generous proportions and bright views of the front garden—a versatile space ripe for stylish redesign. The kitchen/diner is functional yet offers extensive potential; envision converting it into a contemporary culinary hub with open shelving and sleek surfaces. Three well-sized bedrooms overlook the tranquil rear garden, each offering versatility to be tailored as personal retreats or workspaces. The bathroom and separate cloakroom are ready for contemporary updates that could enhance their practicality and aesthetic appeal. Outside, the expansive rear garden not only promises privacy but also allows for creative landscaping options or even the possibility of a studio outbuilding for hobbies or remote working. The front driveway adds convenience along with garage storage that may be considered for conversion (subject to planning). Overall, this home is perfectly positioned to leverage its location by the Grand Western Canal while providing scope for significant personalisation and value addition.

Investment Analysis

(EX16 area)

Above Market Value

This property is priced +20.5% above area average per sq ft

+20.5%
This Property
£352/sq ft
Area Average
£293/sq ft
Avg Rent (weekly)
£232
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£296,704
10% above area average per sq ft
Potential ROI
-18.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (EX16)

Area prices are falling by -10.2% over the last 12 months
3 year growth: -13.0%
5 year growth: -1.5%
Investment Disclaimer: Analysis based on EX16 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

Spurway Road, Tiverton, EX16
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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
£1,172
Based on a loan of £243,750 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.

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