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Stepps Lane, Axmouth, Devon, EX12

South West

£399,950
Listed on 31/03/2026

Property Details

Bedrooms
2
Type
Detached Bungalow
Area
1077 sqft

Description

This substantial two to three-bedroom detached bungalow is situated in a desirable elevated position, offering scenic rural vistas. The property features generous gardens and ample parking, making it ideal for those looking to invest in renovation potential. Inside, the accommodation includes an entrance porch, a spacious hall, and a flexible living area that could serve as either a third bedroom or a lounge with impressive views. The large living/dining room opens onto the garden, enhancing the indoor-outdoor flow. Additionally, there are two double bedrooms, one with built-in wardrobes and an en-suite bathroom, alongside a family bathroom featuring a sunken bath and a separate WC. Although modernisation is necessary throughout, the bungalow presents an opportunity for creating a contemporary living space tailored to your tastes. With excellent scope for enhancement and versatility, this property promises significant potential for buyers willing to undertake renovations. The exterior boasts gardens surrounding the property, including lawns and patios – perfect for outdoor gatherings amid tranquil surroundings. Located in Axmouth, this charming village provides convenient access to local amenities and the stunning Jurassic Coast.

Investment Analysis

(EX12 area)

Above Market Value

This property is priced +5.1% above area average per sq ft

+5.1%
This Property
£371/sq ft
Area Average
£353/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£418,614
10% above area average per sq ft
Potential ROI
-4.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (EX12)

Area prices are falling by -5.7% over the last 12 months
3 year growth: -5.4%
5 year growth: -1.8%
Investment Disclaimer: Analysis based on EX12 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

Stepps Lane, Axmouth, Devon, EX12
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,417
Based on a loan of £299,962 over 30 years at 3.91% 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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