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Granary Lane, Budleigh Salterton, EX9

South West

£675,000
Listed on 12/05/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1456 sqft

Description

This semi-detached house presents a wonderful opportunity for renovation and expansion, situated just 250 metres from the picturesque beaches of Budleigh Salterton and the tranquil River Otter Nature reserve. The property boasts stunning first-floor views, including those of the renowned pine tree ridge, as well as expansive coastal scenery from its mature gardens. The layout features generously sized rooms, many benefiting from dual aspects that enhance the natural light and outlooks over the lush surroundings. Positioned at the quiet end of Granary Lane, it offers privacy along with a sizeable plot that enjoys all-day sun. Notably, planning permission is in place for an extension to create an additional bedroom with an en-suite above the garage, complete with a balcony. Initial groundwork has been conducted, including key plumbing and electrical installations, alongside confirmation from a structural engineer regarding the soundness of existing foundations for this development. The property includes a garage and a gated driveway accommodating up to four vehicles, ensuring ample parking space. With three bedrooms, two reception areas, a conservatory, kitchen, utility room, and bathroom already in place—this home is primed for customization to meet modern living standards while enhancing its intrinsic charm. Additionally, it benefits from connected main services and installed broadband fibre.

Investment Analysis

(EX9 area)

Above Market Value

This property is priced +14.1% above area average per sq ft

+14.1%
This Property
£464/sq ft
Area Average
£406/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£650,730
10% above area average per sq ft
Potential ROI
-9.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
8
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (EX9)

Area prices are falling by -9.3% over the last 12 months
3 year growth: -10.6%
5 year growth: +7.3%
Investment Disclaimer: Analysis based on EX9 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

Granary Lane, Budleigh Salterton, EX9
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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
£2,408
Based on a loan of £506,250 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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