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Broad Lane, Tiverton, EX16

South West

£235,000
Listed on 06/01/2026

Property Details

Bedrooms
2
Type
Terraced house
Area
770 sqft

Description

Nestled along Broad Lane in Tiverton, this deceptively spacious two-bedroom terraced home presents a remarkable opportunity for renovation and investment. The property features an inviting entrance porch leading into a bright hallway, setting a welcoming tone from the outset. The front sitting room boasts a charming cast iron fireplace and enjoys a southerly aspect, offering potential for modernization while maintaining its character. At the back, the open plan kitchen and dining area is functional yet could benefit from updates to enhance both everyday living and entertainment. This space, with direct access to the rear garden, is perfect for creating an inviting family hub. On the first floor, two generously sized double bedrooms provide comfortable sleeping quarters alongside a sizable family shower room that offers potential for stylish upgrades. Outside, the expansive rear garden stands out with its level layout and versatile spaces including a generous patio area under a pergola—a great setting for outdoor dining—and an allotment section for gardening enthusiasts. Additionally, the front garden shows promise for converting into off-road parking (subject to necessary consents), enhancing the property's appeal further. This home is equipped with gas central heating and uPVC double glazing throughout, ensuring modern comfort while presenting opportunities for aesthetic enhancements. Its prime location within walking distance of local schools and amenities and easy access to Exeter makes it an ideal prospect for families or investors looking to add value through renovations.

Investment Analysis

(EX16 area)

Above Market Value

This property is priced +4.8% above area average per sq ft

+4.8%
This Property
£305/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
£246,562
10% above area average per sq ft
Potential ROI
-10.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Broad Lane, 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
£861
Based on a loan of £176,250 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