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Higher Ley, Nymet Rowland, EX17

South West

£280,000
Listed on 04/04/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1145 sqft

Description

Situated on the outskirts of the quaint village of Nymet Rowland and in proximity to Lapford's amenities, including a railway station, local bus routes, and essential services, this ex-local authority home presents an outstanding opportunity for those looking to invest in a property with significant renovation potential. The robust structure is complemented by a generous plot that adds to its appeal. While the interior is in need of modernisation, it stands as a blank canvas ready for transformation according to individual preferences. The traditional layout comprises a living room, separate dining room, and kitchen on the ground floor, along with three bedrooms and a convenient WC upstairs. One notable feature is the impressive first-floor views, which showcase the surrounding countryside beautifully. Outside, this property truly distinguishes itself with ample outdoor space featuring both front and rear gardens. The south-facing rear garden not only offers excellent sunlight but also boasts stunning panoramic views extending towards Dartmoor – a perfect backdrop for outdoor activities or future expansions. Additional highlights include off-road parking and a detached garage that requires some repairs but could serve as an excellent foundation for future projects. The sizeable plot allows for genuine possibilities to extend either to the side or rear (subject to necessary planning permissions), providing flexibility that is becoming increasingly rare in this market. Overall, this property presents not just a house but a vision for what it could evolve into—a unique home tailored to your specifications in a serene location surrounded by natural beauty.

Investment Analysis

(EX17 area)

Below Market Value

This property is priced -18.1% below area average per sq ft

-18.1%
Potential saving
This Property
£245/sq ft
Area Average
£299/sq ft
Avg Rent (weekly)
£246
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£376,150
10% above area average per sq ft
Potential ROI
+17.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (EX17)

Area prices are falling by -4.3% over the last 12 months
3 year growth: -12.7%
5 year growth: +5.5%
Investment Disclaimer: Analysis based on EX17 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

Higher Ley, Nymet Rowland, EX17
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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
£992
Based on a loan of £210,000 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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