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Shirwell Road, Barnstaple, Devon, EX31

South West

£640,000
Listed on 21/03/2026

Property Details

Bedrooms
4
Type
Bungalow
Area
1868 sqft

Description

Nestled in a serene rural setting just north of Barnstaple, this spacious bungalow offers a rare investment opportunity for those looking to put their personal stamp on a property. Having been lovingly maintained by its owners since 1985, the bungalow is set within approximately one acre of mature gardens, presenting ample space for further enhancement. The large double garage/workshop adds valuable utility and storage options, while the property features essential amenities including LPG central heating and double glazing throughout. Internally, the generous living/dining room benefits from abundant natural light and charming period features, while the well-appointed kitchen/breakfast area holds potential for modernization. With three substantial double bedrooms and an additional versatile room that can be repurposed as an office or small bedroom, there’s flexibility to accommodate family needs or create dedicated spaces. Notably, significant loft space presents opportunities for expansion (subject to planning permission), allowing for even greater living space. Surrounded by picturesque countryside views and private terraces, this home not only promises comfort and tranquility but also encourages creativity in renovation, making it a unique prospect for discerning buyers looking to invest in North Devon’s desirable landscape.

Investment Analysis

(EX31 area)

Above Market Value

This property is priced +7.0% above area average per sq ft

+7.0%
This Property
£343/sq ft
Area Average
£320/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£658,050
10% above area average per sq ft
Potential ROI
-9.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
31%
Properties sold annually

Local Market Trend (EX31)

Area prices are falling by -2.2% over the last 12 months
3 year growth: -5.3%
5 year growth: +10.0%
Investment Disclaimer: Analysis based on EX31 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

Shirwell Road, Barnstaple, Devon, EX31
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,308
Based on a loan of £480,000 over 30 years at 4.06% 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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