Land To The Side Of, 1 Vine Cottages, Parkham, Devon, EX39
South West
£100,000
Listed on 24/09/2026
Listed on 24/09/2026
The listing
Property details
Bedrooms
N/AType
PlotDescription
A development site in Parkham, North Devon, with full planning permission for two semi-detached homes, each designed with two bedrooms. The consent was granted by Torridge District Council under application 1/0680/2025/FUL on 8 January 2026, and requires work to begin within three years of that date. The permission is subject to the conditions in the decision notice, which prospective purchasers should review and verify for themselves.
Mains water, drainage and electricity are stated to be available close to the site. The land is on Chapel Road, next to 1 Vine Cottages. The listing provides directions from Bideford via the A386 and the roads signposted for Parkham and Bradworthy.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
48out of 100
Grade ELow opportunity
Confidence: LOW
This is a clearly presented development opportunity rather than a renovation project: the vacant plot has full planning permission for two two-bedroom semi-detached homes, and the drawings give a useful indication of the proposed scheme. The £100,000 asking price cannot yet be judged against local £/sqf because no usable floor area is provided; the overall E grade also reflects limited data for assessing the project economics, not a finding that the land is overpriced.
Key opportunities
- Build the two two-bedroom semi-detached homes covered by the stated full planning permission.
- Use the proposed elevations and floor plans as a starting point for understanding and delivering the scheme.
- Create two new homes in a village setting, with mains water, drainage and electricity stated to be available close by.
Key risks
- Confirm the planning decision, conditions, implementation requirements and commencement deadline with Torridge District Council.
- Ground conditions, service connections and construction feasibility are not established by the photographs or listing.
- Without a usable floor area, value versus local £/sqf cannot be judged; the available information also limits assessment of project economics.
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Finance
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£378
Based on a loan of £75,000 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.
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