Alexandra Terrace, South Molton, Devon, EX36
South West
£145,000
Listed on 26/09/2026
Listed on 26/09/2026
The listing
Property details
Bedrooms
2Type
TerracedArea
594 sqftFeatures
- Garden
Description
This two-bedroom mid-terrace cottage is offered with no onward chain and is described as requiring renovation. The ground floor has an entrance hall, a living room with a bay window, a separate dining room and a kitchen with wall and base units and a door to the rear courtyard. Upstairs are a larger main bedroom with built-in wardrobe, a second bedroom, a bathroom with bath and basin, and a separate WC with basin.
Outside, a lawned front garden includes a greenhouse. The enclosed rear courtyard has two smaller storage areas and a larger storage area, with a gate to a rear alley. The property is within walking distance of South Molton’s shops, schools and other amenities. The A361 provides access towards Barnstaple and Tiverton. Mains services are understood to be connected, and the council tax band is A.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
58out of 100
Grade DWeak opportunity
Confidence: MEDIUM
At £145,000, this two-bedroom terrace is priced below the local £/sqf average, giving a project buyer a relatively affordable way into a convenient South Molton location. The bright bay-fronted living room, substantial front garden and separate rear courtyard give it useful character and scope to improve, while the dated kitchen and bathroom, worn dining-room finish and weathered courtyard areas offer clear modernisation opportunities.
The overall opportunity is still weak on the numbers: purchase plus the renovation midpoint comes to £178,500, which looks tight against the local benchmark. The quoted renovation range is £24,000–£43,000, so careful budgeting and confirming the work needed will matter.
Key opportunities
- Modernise the dated kitchen and bathroom, confirming on inspection whether replacement is worthwhile.
- Refresh the chipped dining-room finish and dated flooring to create a more cohesive interior.
- Make the most of the substantial lawned front garden and improve the weathered rear courtyard and storage-area finishes.
Key risks
- Purchase plus the renovation midpoint looks tight against local benchmarks, so the project budget needs careful control.
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Transport
Nearest stations
Kings Nympton Rail Station
6.5 miles
Train · Kings Nympton
Umberleigh Rail Station
6.6 miles
Train · Umberleigh
Portsmouth Arms Rail Station
6.6 miles
Train · Kingford
Chapelton (Devon) Rail Station
8.2 miles
Train · Chapelton
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
Monthly Repayments
£592
Based on a loan of £108,750 over 30 years at 5.13% 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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