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Peards Down Close, Barnstaple, Devon, EX32

South West

£175,000
Listed on 17/04/2026

Property Details

Bedrooms
2
Type
Terraced

Description

This two-bedroom mid-terrace property presents an exceptional prospect for first-time buyers and savvy investors, with the added advantage of no onward chain. Located in a strategic area that boasts good connectivity, the home features a bright lounge that invites natural light, creating a welcoming atmosphere. The kitchen, situated at the rear, includes a range of fitted wall and base units along with space for essential white goods, providing a functional layout that could benefit from modernisation. A door leads from the kitchen to the west-facing rear garden, which offers low-maintenance outdoor space ideal for personalisation. On the upper level, there are two well-sized bedrooms accompanied by a bathroom equipped with a three-piece suite. The exterior includes communal parking at the front and an accessible garden at the back suitable for enhancements. While the interior requires some cosmetic updates, this provides a perfect blank canvas for new owners to imprint their style and potentially increase property value. Overall, this home offers an attractive investment opportunity in the currently evolving South West property market.

Investment Analysis

(EX32 area)
Area Average
£271/sq ft
Avg Rent (weekly)
£190
Avg Yield
3.3%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £12,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (EX32)

Area prices are stable by -1.4% over the last 12 months
3 year growth: -3.5%
5 year growth: +9.8%
Investment Disclaimer: Analysis based on EX32 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

Peards Down Close, Barnstaple, Devon, EX32
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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
£620
Based on a loan of £131,250 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.

Stamp Duty Calculator

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