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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

Nestled in a serene canal setting, this residence presents a unique investment opportunity for those looking to modernize a space in a desirable locale. The property boasts spacious rooms filled with natural light and a private garden, laying the groundwork for an impressive contemporary update. Upon entering, you are welcomed by an inviting porch leading to an open hallway that encourages imaginative redesign—think of sleek lighting or striking flooring choices. The lounge is bathed in daylight through its large picture window facing the front garden. Its generous proportions offer ample room for transformation into either a minimalist haven or a vibrant entertainment area, limited only by your vision. The kitchen/diner is functional yet ripe for enhancement. With enough space to become the heart of a modern family home, envision chic open shelving and high-end surfaces that could elevate its appeal. A front-facing window lets in morning sunlight, while access to the garden adds practical value. Three decent-sized bedrooms overlook the tranquil rear garden, each offering an unadorned canvas suitable for crafting peaceful retreats or stylish workspaces. Both the bathroom and separate cloakroom present opportunities for tasteful upgrades that would enhance their practicality and aesthetic. There’s potential to convert the loft (subject to planning approval), allowing further expansion of living space. The expansive rear garden is another asset—its privacy and size provide options for outdoor living, from lush landscaping to possible outbuildings suited for hobbies or remote work. Additionally, the front garden and driveway enhance curb appeal while providing necessary parking solutions. The garage serves as valuable storage or could be repurposed with proper permissions. Living here means enjoying the lifestyle benefits of being close to nature with scenic walks along the Grand Western Canal while maintaining easy access to local amenities and transport links to Tiverton's town centre and beyond.

Investment Analysis

(EX16 area)

Above Market Value

This property is priced +21.1% above area average per sq ft

+21.1%
This Property
£352/sq ft
Area Average
£291/sq ft
Avg Rent (weekly)
£210
Avg Yield
3.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£295,234
10% above area average per sq ft
Potential ROI
-19.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (EX16)

Area prices are falling by +7.4% over the last 12 months
3 year growth: -8.9%
5 year growth: 4.2%
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 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,191
Based on a loan of £243,750 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