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South Molton

South West

£295,000

Listed on 04/10/2026

The listing

Property details

Bedrooms
3
Type
Bungalow
Area
1106 sqft

Description

This detached bungalow, set in a quiet cul-de-sac towards the southern edge of South Molton, offers a unique opportunity for improvement and development. The property features a welcoming porch leading into a hallway that connects to a spacious sitting room with a charming stone fireplace and sliding doors to a conservatory/dining room. The kitchen is equipped with timber-fronted units and an eye-level double oven, providing a functional space that opens into the conservatory. The accommodation includes three double bedrooms, two of which have built-in wardrobes, and a recently modernized wet room. Outside, the property boasts large gardens, a garage, and a utility room, all with potential for further development, subject to necessary consents. Offered for sale for the first time in over 30 years, this bungalow is available with no onward chain, making it an appealing prospect for those looking to invest in a property with significant potential.

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 detached bungalow presents a solid opportunity for those looking to invest in a project. With a guide price of £295,000, it sits slightly below the local average at £267/sqf, making it a reasonable entry point for potential buyers. The property is dated but offers a canvas for improvement across its three double bedrooms, dated kitchen, and living areas that show signs of age. The modern wet room is a highlight, providing a good starting point for renovations.

The bungalow is set in a desirable cul-de-sac in South Molton, with a garden that has good potential for enhancement. While the all-in costs of approximately £355,000 appear tight against local benchmarks, the absence of onward chain adds to its appeal. With a medium refurbishment scale, there's ample opportunity to modernize and add value, especially considering the potential for further development (subject to necessary consents).

Key opportunities

  • Scope to modernize the dated interiors, particularly in the kitchen and living areas.
  • Potential for further development in the spacious garden, subject to planning.
  • No onward chain status facilitates a straightforward purchase process.

Key risks

  • All-in costs are tight against local benchmarks, which may limit budget flexibility.
  • The property shows signs of age that will require attention, particularly in the kitchen and bedrooms.

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Map

Location

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
£1,114
Based on a loan of £221,250 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.

Tax

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