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Parklands, Hemyock, Devon, EX15

South West

£270,000
Listed on 17/04/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1135 sqft

Description

This three-bedroom semi-detached home, positioned on a generous corner plot in the desirable Parklands development of Hemyock, presents a compelling opportunity for renovation and investment. The property features ample living space complemented by surrounding gardens that offer privacy and potential for extension (subject to planning permission). The ground floor hosts a spacious lounge bathed in natural light through large windows, seamlessly connecting to a versatile conservatory equipped with its own ensuite—ideal for transformation into a guest suite or home office. The functional kitchen caters well for family gatherings and social events. Upstairs, you’ll find three well-sized bedrooms, including two doubles and a single, all with built-in storage, alongside a contemporary family bathroom. Outside, the wraparound gardens provide excellent outdoor space, supplemented by off-road parking for two vehicles and access to a garage. While currently in good condition with modern features, there is significant scope for enhancement to maximise the property's value in this tranquil community surrounded by beautiful countryside and strong local amenities.

Investment Analysis

(EX15 area)

Below Market Value

This property is priced -22.6% below area average per sq ft

-22.6%
Potential saving
This Property
£238/sq ft
Area Average
£307/sq ft
Avg Rent (weekly)
£245
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£383,664
10% above area average per sq ft
Potential ROI
+30.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (EX15)

Area prices are falling by -5.4% over the last 12 months
3 year growth: -6.0%
5 year growth: +1.6%
Investment Disclaimer: Analysis based on EX15 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

Parklands, Hemyock, Devon, EX15
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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
£956
Based on a loan of £202,500 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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