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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 06/02/2026

Property Details

Bedrooms
3
Type
Bungalow
Area
1053 sqft

Description

This property presents a unique opportunity in North Devon, featuring a three-bedroom detached bungalow alongside a range of modern agricultural buildings with Class Q permission already in place for the development of five residential units. Nestled just south of Meshaw village, it offers an appealing rural setting while remaining conveniently close to local amenities, including the market town of South Molton, approximately 6 miles to the northwest. The bungalow, built in the early 1980s and currently subject to an Agricultural Occupancy Condition, provides a spacious layout that is ripe for renovation. While it includes practical living spaces such as an entrance porch, utility room, kitchen, reception area, two double bedrooms, a single bedroom, and a family bathroom, updates are necessary to modernize the accommodation to suit current tastes and standards. The attached garage adds further potential for reconfiguration. For those looking at investment or development possibilities, the approved planning allows for an exciting project that could yield three three-bedroom homes and two two-bedroom homes from the existing structures. With ample land spanning approximately 4.22 acres offering privacy and space for landscaping or grazing, this property is ideal for developers seeking a multi-unit scheme or investors hoping to enhance value through refurbishment. Further details can be found through local planning resources. In summary, this site not only offers a comfortable existing residence but also significant prospects for expansion or improvement within a serene location in South West England.

Investment Analysis

(EX36 area)

Above Market Value

This property is priced +66.8% above area average per sq ft

+66.8%
This Property
£470/sq ft
Area Average
£282/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£326,409
10% above area average per sq ft
Potential ROI
-43.2%
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 stable by +0.3% over the last 12 months
3 year growth: -9.7%
5 year growth: +17.2%
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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