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Westexe South, Tiverton, Devon

South West

£300,000

Listed on 07/07/2026

Property details

Bedrooms

Type

Residential Development

Description

This property presents a compelling development opportunity with full detailed planning permission for the construction of 9 residential units, as outlined in MDDC Planning Reference: 22/01755/FULL. Ideally located within a short walk to Tiverton's town centre along the scenic River Exe, this site allows for the conversion and extension of the existing building to create a mix of maisonettes and larger apartments. The planned layout includes seven one-bedroom maisonettes across two floors and two spacious two-bedroom apartments on the top floor, catering to diverse buyer needs. With an estimated gross development value (GDV) of £1,185,000, this project offers significant potential for investors looking to capitalize on the growing housing demand in this area.

Investment analysis

(EX16 area)

Area Average

£293/sq ft

Avg Rent (weekly)

£229

Avg Yield

3.5%

Renovation Potential

Heavy Refurb

Est. Renovation Cost

£250,000 - £500,000

Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.

Monthly Sales

Average per month

Market Turnover

Properties sold annually

Local Market Trend (EX16)

Area prices are falling by -8.6% over the last 12 months

3 year growth: -11.6%

5 year growth: -2.4%

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

Westexe South, Tiverton, Devon

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Mortgage calculator

Property Price

Household Income

Deposit

Deposit %

Interest Rate

Repayment Period

years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments

£1,133

Based on a loan of £225,000 over 30 years at 4.45% 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.