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Meldrum Close, Dawlish, EX7

South West

£550,000

Listed on 23/09/2026

The listing

Property details

Bedrooms
3
Type
Detached
Area
1554 sqft

Description

This spacious detached house, available for the first time in over three decades, presents a unique opportunity for renovation in a desirable location. Set on a double-width plot, the property boasts stunning sea and countryside views, making it an attractive canvas for those looking to add their personal touch. Although the interior requires modernisation, it retains many original features that can be enhanced. The accommodation includes an entrance porch, reception hall, cloakroom WC, three bedrooms with the master featuring an en-suite shower room and a balcony. The spacious sitting room/diner benefits from large windows that frame the picturesque views. A kitchen with ample space and a pantry leads to the integral garage and well-maintained front and rear gardens. The property also has lapsed planning permission for further redevelopment or extension, providing additional potential for expansion. With driveway parking available, this home is perfectly positioned for those looking to invest in a property with significant upside potential.

WHOTS analysis

Our WHOTS verdict

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

37out of 100
Grade ELow opportunity

Confidence: MEDIUM

This spacious detached house, offered for the first time in 33 years, presents a unique opportunity for a buyer looking to undertake a medium-scale renovation project. While the property boasts stunning sea and countryside views, it is in a dated condition throughout, requiring substantial modernisation in all areas, including the kitchen and bathroom. The existing layout offers a solid foundation for improvement, allowing new owners to inject their personal style and enhance the home's value.

However, the asking price of £550,000 represents a premium at £354/sqf, which is 17.7% above the local average of £301/sqf. This elevated pricing, combined with the estimated renovation costs of £40,000 to £80,000, leaves the overall investment stretched against local benchmarks, potentially impacting the return on investment. Despite the property's excellent fundamentals and good location, buyers should consider these economic factors when evaluating this opportunity.

Key opportunities

  • Potential for interior modernisation to create a contemporary living space.
  • The mature garden provides an opportunity for enhancement and landscaping.
  • The spacious layout allows for creative redesign, particularly in the living areas.

Key risks

  • The all-in costs, including purchase and renovation, exceed local average values, posing a risk to investment returns.

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Map

Location

Meldrum Close, Dawlish, EX7
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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
£2,078
Based on a loan of £412,500 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

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

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