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Martin Road, Barnstaple, Devon, EX32 - Image 1
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Martin Road, Barnstaple, Devon, EX32

South West

£175,000

Listed on 25/09/2026

The listing

Property details

Bedrooms
3
Type
Terraced
Area
875 sqft

Description

This three-bedroom mid-terraced home presents an exciting opportunity for those looking to undertake a comprehensive renovation project. Ideally suited for first-time buyers, investors, or anyone seeking to create a personalized living space, this property offers well-proportioned accommodation and outside space, all within easy reach of Barnstaple town centre and local amenities. The home requires complete modernisation throughout, providing a blank canvas for potential buyers to design their dream home. The traditional layout features a welcoming entrance hallway leading to a comfortable living room and a separate dining room, both of which have ample natural light. The kitchen, positioned at the rear, is in need of replacement but offers the chance for a contemporary redesign. On the first floor, three bedrooms provide flexible accommodation options, whether for family, guests, or as a home office. The bathroom also requires updating, allowing the next owner to tailor it to their preferences. Externally, the property benefits from outside space that could be transformed into an attractive garden with some landscaping and attention. Conveniently located on Martin Road, this home is close to Barnstaple's vibrant town centre, which features a variety of shops, cafés, and restaurants. Schools and transport connections are also nearby, making this a practical choice for a wide range of purchasers. This property represents a fantastic opportunity to acquire a three-bedroom home with genuine potential, making an internal viewing highly recommended to fully appreciate the possibilities on offer.

WHOTS analysis

Our WHOTS verdict

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

51out of 100
Grade DWeak opportunity

Confidence: MEDIUM

This spacious three-bedroom mid-terraced home offers an exciting opportunity for buyers looking for a project. The asking price of £175,000 is very attractive at £200/sqf, making it significantly cheaper than the local average of £272/sqf. This affordability positions it as a great acquisition for those willing to invest in a comprehensive renovation. The property features a traditional layout with well-proportioned rooms, providing ample scope to modernise and create a comfortable family home tailored to personal tastes.

However, it's important to note that the condition is quite poor, with visible signs of wear and required modernisation throughout. The kitchen and bathroom are in particularly bad shape, necessitating complete refurbishment, and the living areas and bedrooms also show signs of neglect. Given the extensive works required, including potential structural issues, the all-in costs of around £300,000 could stretch against local benchmarks for this floor area, which may limit profitability after renovation. While this property is a blank canvas, buyers should prepare for a full-gut programme rather than a simple refresh.

Key opportunities

  • The property offers a blank canvas for renovation, allowing buyers to design the layout and finishes to their own specifications.
  • Generous accommodation arranged over two floors provides flexibility for family living or potential for a home office.
  • The outside space has potential for landscaping, creating an attractive garden for relaxation and enjoyment.

Key risks

  • Stripped interiors and a £100,000–£150,000 works budget make this a full-gut programme, not a refresh.
  • Plan on something close to £300,000 once the asking price and an estimated £125,000 of refurbishment are combined, about 21% ahead of typical local benchmarks for this size. Finished value after works is not modelled here.

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Map

Location

Martin Road, Barnstaple, Devon, EX32
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Finance

Mortgage calculator

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

£
£
£
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£661
Based on a loan of £131,250 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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