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Meshaw, South Molton, EX36

South West

£495,000
Listed on 06/02/2026

Property Details

Bedrooms
3
Type
Not Specified
Area
1053 sqft

Description

Barton Moor, located just south of Meshaw village in North Devon, offers a unique opportunity for those interested in renovation and investment. This property includes a three-bedroom bungalow, constructed in the early 1980s with an Agricultural Occupancy Condition, alongside a range of agricultural buildings that have recently received Class Q permission for conversion into five residential dwellings. The site spans approximately 4.22 acres, presenting the potential for developers to create a multi-unit residential scheme or for investors to enhance value through strategic renovations. The bungalow features a practical layout with an entrance porch, utility room, kitchen, reception room, two double bedrooms, and a single bedroom along with a family bathroom and single garage. While the living space is functional, it requires modernization to truly meet contemporary standards and buyer preferences. The agricultural buildings offer substantial potential with prior approval in place for their transformation into three three-bedroom homes and two two-bedroom homes designed to maximize natural light and internal space. The accompanying land provides ample opportunity for various uses such as grazing or further landscaping enhancements. With good connectivity to local amenities and major roads, this property is well-placed for future development or personal investment. Interested parties are encouraged to explore planning details available on the North Devon District Council website.

Investment Analysis

(EX36 area)

Above Market Value

This property is priced +66.0% above area average per sq ft

+66.0%
This Property
£470/sq ft
Area Average
£283/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £70,000
Target Value
£328,031
10% above area average per sq ft
Potential ROI
-41.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
10
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (EX36)

Area prices are falling by -4.1% over the last 12 months
3 year growth: -12.4%
5 year growth: +13.1%
Investment Disclaimer: Analysis based on EX36 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

Meshaw, South Molton, EX36
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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
£1,753
Based on a loan of £371,250 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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