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Meshaw, South Molton, Devon, EX36 - Image 1
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Meshaw, South Molton, Devon, EX36

South West

£495,000
Listed on 08/02/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1053 sqft

Description

Barton Moor presents a noteworthy opportunity for development in the tranquil village of Meshaw, North Devon. This versatile property spans approximately 4.22 acres and includes a three-bedroom bungalow subject to an Agricultural Occupancy Condition, along with several agricultural buildings that have received Class Q permission for conversion into five residential dwellings. Located just six miles from South Molton, residents can easily access essential amenities and services in nearby towns while enjoying a rural lifestyle. The existing bungalow, constructed in the early 1980s, features a practical layout with an entrance porch, utility room, kitchen, reception area, two double bedrooms, a single bedroom, and a family bathroom. Though functional, the home could greatly benefit from modernisation to enhance its appeal and usability. The agricultural buildings present significant potential for developers or investors looking to create a multi-unit residential scheme. The approved plans allow for three three-bedroom homes and two two-bedroom dwellings spread over two storeys, optimized for space and natural light. Potential buyers have the flexibility to reconfigure or expand both the bungalow and the planned conversions according to their needs. This extensive land offers not only privacy but also versatile uses such as grazing or amenity space. The property’s proximity to major roads like the A361 provides convenient access across North Devon, making it an excellent prospect for those seeking investment or personal renovation projects.

Investment Analysis

(EX36 area)

Above Market Value

This property is priced +66.9% above area average per sq ft

+66.9%
This Property
£470/sq ft
Area Average
£282/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£326,177
10% above area average per sq ft
Potential ROI
-43.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
7
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (EX36)

Area prices are rising by +2.7% over the last 12 months
3 year growth: -9.9%
5 year growth: 18.3%
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.

Location

Meshaw, South Molton, Devon, EX36
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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
£1,785
Based on a loan of £371,250 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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