The Round house, Chillaton...

This unique Grade II listed former toll house, known as 'The Round House', presents a remarkable opportunity for those looking to dive into a heavy renovation project. The asking price of £150,000 is notably cheap at £228/sqf compared to the local average of £306/sqf, making it an attractive entry point for buyers eager to invest in a property with character and potential. The significant visible wear throughout the property and the overgrown garden highlight the extensive refurbishment needed, which can be seen as a blank canvas for the right buyer to reimagine the space to their liking.

However, while the price is appealing, the renovation economics present a challenge. With all-in costs potentially reaching £300,000 against an implied local average value of £201,184, the financials may not yield a favorable return on investment. This property requires substantial work both inside and out, including addressing visible signs of neglect in the living area and garden, which further emphasizes the scale of the project. Buyers should be prepared for a full-gut programme, making this not just a cosmetic refresh but a complete transformation.