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South West
£750,000
Listed on 14/09/2026
Listed on 14/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: MEDIUM
Windmill Farm presents a significant renovation opportunity with a large land area and a variety of traditional and agricultural buildings that could offer potential for multiple uses. The three-bedroom detached bungalow, while well-proportioned, requires extensive refurbishment throughout, including dated interiors and a garden in poor condition. The property’s unique setting on the outskirts of Penponds village adds to its charm, but the asking price of £750,000 is notably high at £648/sqf, compared to the local average of £262/sqf. This substantial premium raises concerns about the overall value proposition.
With an all-in budget stretching to £925,000, the economics appear weak against local benchmarks, which may deter potential investors. The scale of the project is heavy, with significant refurbishment needed across the bungalow and its outbuildings. Potential buyers should be prepared for a full-gut renovation, especially given the visible signs of neglect throughout the property. However, those looking for a canvas to create a family home or develop the land could find this property appealing, provided they navigate the financial risks carefully.
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Finance
Illustrative repayments based on the asking price, not a mortgage offer.
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
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
Indicative tax based on the asking price and the options you select.
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