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Cooks Cross, South Molton

South West

73

£85,000

Listed on 03/10/2026

The listing

Property details

Bedrooms
2
Type
Terraced
Area
631 sqft

Description

This two-bedroom terraced cottage located in the market town of South Molton presents a unique opportunity for renovation and investment. The property features a spacious sitting room/dining area and a kitchen on the ground floor, while the first floor accommodates two bedrooms along with a family bathroom. An enclosed courtyard garden at the rear adds to the appeal, complete with a useful store shed and rear access. With no onward chain, this property is ripe for refurbishment, allowing new owners to tailor it to their tastes and requirements. For detailed layout and approximate room measurements, please refer to the enclosed floorplan and Virtual Tour.

WHOTS analysis

Our WHOTS verdict

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

73out of 100
Grade BGood opportunity

Confidence: MEDIUM

This two-bedroom terraced cottage in South Molton presents an excellent opportunity for buyers looking to invest in a property that is well-priced for its potential. With an asking price of £85,000, it is significantly below the local average at just £135/sqf compared to £284/sqf, allowing for a margin that could enhance your investment. The property is situated in a good location with local amenities, making it a desirable choice for future tenants or resale.

While the house does require significant refurbishment with a renovation range of £40,000 to £80,000, this presents a blank canvas for improvement. The dated interiors, including the living areas and bathroom, offer scope for modernisation to increase both comfort and value. With no onward chain, the sale can proceed quickly, making it an attractive proposition for those looking to create a home or rental opportunity in a thriving market town.

Key opportunities

  • Significantly below local average price per square foot, allowing for a strong investment margin.
  • Opportunity to modernise dated interiors, enhancing both comfort and resale value.
  • No onward chain enables a quicker transaction process.

Key risks

  • General wear and tear observed throughout, necessitating a comprehensive refurbishment.
  • Potential damp issues could arise during renovation given the age of the property.
  • Average location fundamentals may limit future price growth.

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Map

Location

Cooks Cross, South Molton
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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
£321
Based on a loan of £63,750 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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