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Sharps Close, Newton Abbot

South West

£250,000
Listed on 02/03/2026

Property Details

Bedrooms
2
Type
Detached Bungalow
Area
624 sqft

Description

This detached bungalow is quietly positioned on the outskirts of Heathfield, offering a solid foundation for those looking to invest in a property with renovation potential. The accommodation features two spacious double bedrooms, a dual-aspect lounge with a tiled fireplace, and a functional kitchen equipped with wall and base units. A shower room is also included, presenting opportunities for modernisation to enhance comfort and aesthetics. The property comes with gas central heating and uPVC double glazing throughout while providing ample outdoor space with gardens at the front and side, a detached garage, carport, and generous driveway parking for multiple vehicles. While currently in need of some updating, the absence of an onward chain simplifies the purchasing process. Located within a tranquil cul-de-sac, this home benefits from close proximity to local amenities including shops and a primary school. The larger town of Bovey Tracey is just a short distance away, providing further shopping and leisure opportunities. For commuters, accessibility to major roads like the A38 Devon Expressway leads comfortably towards Plymouth and Exeter. With its strategic position and potential for enhancement, internal viewings are highly recommended to fully appreciate what this property has to offer.

Investment Analysis

(TQ12 area)

Above Market Value

This property is priced +29.6% above area average per sq ft

+29.6%
This Property
£401/sq ft
Area Average
£309/sq ft
Avg Rent (weekly)
£231
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£212,269
10% above area average per sq ft
Potential ROI
-24.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
56
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (TQ12)

Area prices are falling by -2.2% over the last 12 months
3 year growth: -3.8%
5 year growth: +8.1%
Investment Disclaimer: Analysis based on TQ12 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

Sharps Close, Newton Abbot
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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
£885
Based on a loan of £187,500 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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