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Sherwill Close, Ivybridge

South West

£209,950

Listed on 08/09/2026

The listing

Property details

Bedrooms
2
Type
Terraced
Area
572 sqft

Features

  • Garage
  • Garden
  • Parking

Description

This two-bedroom mid-terrace home presents an excellent opportunity for first-time buyers or those looking to downsize. Located in a desirable area, the property serves as a blank canvas ready for your personal touch. Whether you choose to refresh the existing features or undertake a more extensive renovation, the potential for transformation is significant. The reception room offers direct access to a low-maintenance rear garden, which is currently laid to patio and benefits from a south-facing aspect, perfect for outdoor enjoyment. Upstairs, you will find two bedrooms along with a family shower room. The front of the property welcomes you with a neat gravel garden and pathway leading to the entrance. Notably, this home includes a garage and two parking spaces directly outside—an uncommon feature for properties in this category. With no onward chain, this property is likely to attract considerable interest, making viewings highly recommended to truly appreciate its potential. Key features include a new boiler installed within the last 12 months, a private garden with rear pedestrian access, and proximity to local amenities including schools, shops, and recreational facilities. Ivybridge offers a rich heritage and an array of outdoor activities, making this home an appealing choice for various lifestyles.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

36out of 100
Grade ELow opportunity

Confidence: MEDIUM

This is a light-refresh canvas with useful extras: the two bedrooms and reception look usable, the shower room appears serviceable, and the garage plus two parking spaces are a notable draw for a two-bedroom terrace. The south-facing paved garden and dated kitchen offer scope to personalise, with the kitchen fittings and colourful splashback standing out as an obvious cosmetic update.

The main challenge is the price rather than the scale of the work. At £219,950, the asking price is above the local £/sqf benchmark, and adding the £5,000–£12,000 refurb range leaves the purchase-and-refurb cost stretched against local values for this floor area. That comparison is with a local benchmark, not a forecast of the value after improvements, so the numbers make this a weaker opportunity despite its practical parking and location.

Key opportunities

  • Refresh the older-style kitchen, including its colourful tiled splashback, while retaining usable fittings where practical.
  • Tidy and improve the south-facing paved garden, with minor attention to the worn patio and boundary features.
  • Garage and two parking spaces provide useful, relatively distinctive extras for a two-bedroom terrace.

Key risks

  • At the asking price, even the stated £5,000–£12,000 refurbishment range leaves purchase-and-refurb costs stretched against local benchmarks for this floor area.
  • Plan on something close to £228,450 once the asking price and an estimated £8,500 of refurbishment are combined — around 17% above what similar-sized stock commands locally today, so margin after refurbishment is unproven.

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Map

Location

Sherwill Close, Ivybridge
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£793
Based on a loan of £157,462 over 30 years at 4.45% 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.

Tax

Stamp duty calculator

Indicative tax based on the asking price and the options you select.

Pricing

Price history

-4.5% since listed
£209,950£10,000(-4.5%)
18/10/2026
Current price
£219,950Initial listing
08/09/2026

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