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Hobbacott Lane, Marhamchurch, EX23 - Image 1
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Hobbacott Lane, Marhamchurch, EX23

South West

£100,000
Listed on 28/04/2026

Property Details

Bedrooms
N/A
Type
Plot

Description

This property presents a rare chance to acquire a prime development site in the heart of a vibrant village, making it an appealing option for both developers and self-builders. The plot spans approximately 283 square meters and comes with conditional planning permission for a comfortably designed three-bedroom detached house, covering roughly 102 square meters. Planned features include a generous open-plan kitchen, living, and dining area with patio access to the garden, along with practical amenities like a utility room, W/C, entrance hall, and family bathroom. Externally, the property will offer a west-facing garden and off-road parking for multiple vehicles. The approval of planning permission simplifies the process for starting construction right away. Located in a sought-after village setting complete with essential amenities—such as a local pub, church, shop, and reputable primary school—this plot is poised to attract significant interest due to its convenient accessibility via the A39 ‘Atlantic Highway’, connecting to towns like Bideford and Barnstaple, as well as the coastal attractions of Bude just 2.5 miles away. Potential buyers are encouraged to explore this unique investment opportunity promptly.

Investment Analysis

(EX23 area)
Area Average
£347/sq ft
Avg Rent (weekly)
£272
Avg Yield
3.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£100,000 - £150,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (EX23)

Area prices are falling by -6.3% over the last 12 months
3 year growth: -5.5%
5 year growth: +5.8%
Investment Disclaimer: Analysis based on EX23 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

Hobbacott Lane, Marhamchurch, EX23
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£357
Based on a loan of £75,000 over 30 years at 3.97% 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

This calculation uses non-residential (land/commercial) tax rates.

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