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Palmerston Park, Tiverton

South West

£145,000

Listed on 15/10/2026

The listing

Property details

Bedrooms
3
Type
Terraced
Area
1100 sqft

Description

This three-bedroom terraced house presents a promising opportunity for renovation and personalisation. The spacious layout allows for creative updates, enabling a new owner to tailor the home to their taste. On the ground floor, the entrance leads into a generous sitting/dining room, providing ample space for both living and dining areas. The separate kitchen is well-sized and offers potential for redesign, making it an ideal candidate for modernisation. Additionally, the ground floor features a cloakroom and a versatile room that could serve various purposes. Upstairs, there are three bedrooms, including two doubles and a single, along with a family shower room. The property requires a comprehensive updating process, allowing the next owner to make their own choices regarding the kitchen, shower room, flooring, and overall decor. Outside, both front and rear gardens offer further landscaping potential, complemented by a useful outbuilding for extra storage. This property is well-suited for those looking to create a home that reflects their style or for investors aiming to enhance their portfolio. Currently occupied, it provides a solid foundation for future improvements.

WHOTS analysis

Our WHOTS verdict

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

55out of 100
Grade DWeak opportunity

Confidence: LOW

This three-bedroom terraced house presents an intriguing opportunity for buyers looking to invest in a renovation project. Priced at £145,000, the asking price is significantly below the local average at £132/sqf, making it an attractive proposition for those seeking to create value through improvements.

While the property does require extensive refurbishment, it offers a spacious layout with good-sized rooms, including a large sitting/dining area and a separate kitchen that can be redesigned for modern living. The potential for personalisation is substantial, allowing the new owner to tailor the space to their own style, whether that involves modernising the dated interiors or enhancing the outdoor areas. The presence of gardens also provides opportunities for landscaping and outdoor improvements.

However, buyers should be prepared for a heavy renovation scope, as the property shows signs of wear throughout, requiring a comprehensive update. With the current occupancy potentially complicating renovations, it's essential to factor in these considerations when planning your project.

Key opportunities

  • Generously proportioned rooms provide ample space for reconfiguration and modernisation.
  • The separate kitchen offers potential for a complete redesign to enhance functionality and style.
  • Gardens to both the front and rear allow for landscaping opportunities, adding outdoor appeal.

Key risks

  • Stripped interiors and a comprehensive renovation budget make this a full-gut programme, not a refresh.

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Map

Location

Palmerston Park, Tiverton
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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
£548
Based on a loan of £108,750 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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