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Millmoor, Culmstock

South West

£450,000
Listed on 02/05/2026

Property Details

Bedrooms
3
Type
Bungalow
Area
1323 sqft

Description

Shalimar, a detached chalet bungalow that has remained within the same family for four decades, is now available with no onward chain. This property presents an exciting opportunity for renovation and investment, boasting three bedrooms along with an integral garage/workshop and a separate detached garage that holds potential for conversion into an annexe, subject to planning permissions. The residence offers scenic views of the surrounding countryside and is positioned on a generous plot with level gardens embracing the home on three sides. Inside, the layout features an entrance hallway that leads into a spacious sitting room highlighted by a central fireplace. A conservatory extends from this area, currently serving as a dining space, providing lovely valley vistas. The kitchen includes ample storage units and space for dining while overlooking the front garden through its large picture window. The property also contains two well-sized double bedrooms on the ground floor alongside a part-tiled family bathroom. An additional double bedroom is located upstairs, complemented by eaves storage and possible conversion of attic space into further living quarters. Externally, mature planting enhances the garden, featuring an apple tree and pond that add to its charm. The bungalow is situated down a shared private drive in the tranquil village of Culmstock, yet conveniently close to local amenities and transport links including nearby railway access. This property not only provides immediate comfort but also numerous avenues for improvement and expansion in one of South West England's desirable locales.

Investment Analysis

(EX15 area)

Above Market Value

This property is priced +12.4% above area average per sq ft

+12.4%
This Property
£340/sq ft
Area Average
£303/sq ft
Avg Rent (weekly)
£229
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£440,519
10% above area average per sq ft
Potential ROI
-11.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (EX15)

Area prices are falling by -8.0% over the last 12 months
3 year growth: -9.7%
5 year growth: -0.6%
Investment Disclaimer: Analysis based on EX15 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

Millmoor, Culmstock
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,605
Based on a loan of £337,500 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

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