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Milton Damerel, Venn Green, EX22

South West

£100,000
Listed on 22/04/2026

Property Details

Bedrooms
2
Type
Detached Bungalow
Area
789 sqft

Description

This detached two-bedroom bungalow in Venn Green presents a compelling opportunity for those looking to invest in refurbishment or redevelopment, pending necessary consents. With a practical layout that includes a spacious reception room featuring an attractive stone fireplace, kitchen, bathroom, and separate WC, the property has potential to be transformed into a comfortable home. The external space includes a former veranda and generous garden with roadside access, as well as a detached garage that could serve as useful storage or parking. It is important to note that the interiors require extensive renovation throughout, making it ideal for buyers interested in undertaking a project that could significantly increase value.

Investment Analysis

(EX22 area)

Below Market Value

This property is priced -58.8% below area average per sq ft

-58.8%
Potential saving
This Property
£127/sq ft
Area Average
£308/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £75,000
Target Value
£266,923
10% above area average per sq ft
Potential ROI
+52.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
9
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (EX22)

Area prices are stable by +0.3% over the last 12 months
3 year growth: -20.2%
5 year growth: +4.0%
Investment Disclaimer: Analysis based on EX22 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

Milton Damerel, Venn Green, EX22
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Mortgage Calculator

£
£
£
%
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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.

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