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Chulmleigh

South West

£260,000
Listed on 20/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1050 sqft

Description

This semi-detached house is located in a peaceful cul-de-sac on the outskirts of Chulmleigh, providing a solid foundation for those looking to invest in a property with renovation potential. The home features three generously sized double bedrooms, a sitting room, a kitchen/dining area, and a conservatory, all set within substantial gardens that might allow for additional parking or landscaping improvements. Built in 1948 with rendered brick and a slate roof, the property retains much of its original character while presenting opportunities for modernization. The spacious layout includes an inviting sitting room with a fireplace and multi-fuel stove, offering both warmth and charm. The dual-aspect kitchen/dining room is functional as it stands but could benefit from contemporary updates to enhance its appeal. The recently fitted wet room adds a practical touch to the ground floor facilities. Upstairs, you’ll find three well-proportioned bedrooms alongside a separate cloakroom—ideal for families or accommodating guests. The front garden features walled planting areas, while the rear offers an enclosed space with both patio and lawn areas—perfect for outdoor activities or gardening projects. Chulmleigh itself is a vibrant town that supports an active community with various local amenities including shops, schools, and recreational facilities. Its strategic location allows easy access to larger towns such as South Molton and Crediton for more extensive shopping options. Furthermore, connections via nearby road networks and railway services mean that Exeter and Barnstaple are within reach. This property stands out as an affordable family home that invites renovation efforts to enhance its value while providing comfortable living spaces. With no ongoing chain and ample scope for investment into modern upgrades, it presents an attractive option for those willing to invest time and effort into transforming it into their ideal residence.

Investment Analysis

(EX18 area)

Below Market Value

This property is priced -12.2% below area average per sq ft

-12.2%
Potential saving
This Property
£248/sq ft
Area Average
£282/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£325,710
10% above area average per sq ft
Potential ROI
+10.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
4
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (EX18)

Area prices are falling by +9.4% over the last 12 months
3 year growth: -7.7%
5 year growth: 21.1%
Investment Disclaimer: Analysis based on EX18 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

Chulmleigh
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£952
Based on a loan of £195,000 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE