Carroll Rise, Chilsworthy, EX22
South West
£125,000
Listed on 25/10/2026
Listed on 25/10/2026
The listing
Property details
Bedrooms
N/AType
PlotDescription
A freehold development opportunity comprising three planned detached bungalows on an estate near the Devon and Cornwall border, within reach of Holsworthy and Bude. Full planning permission is stated to have been granted by Torridge District Council for the three dwellings. The plots are accessed through the completed Carroll Rise development, and the seller reports that water, electricity and foul and surface-water drainage connections have been installed. Full-fibre broadband is available to the edge of the plots; service connections have not been independently tested by the agent.
The proposed bungalow design includes an open-plan kitchen, dining and living area, three double bedrooms, an office, utility room and a main bedroom with dressing room and en suite. The plans show vaulted ceilings to the rear. The opportunity is aimed at a self-builder or developer able to take the project through construction. Planning documents and drawings are available from the agents or the council planning portal. The property is freehold.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
40out of 100
Grade ELow opportunity
Confidence: LOW
This is a development opportunity rather than a renovation of an existing house: the site is undeveloped, with full planning permission stated for three detached bungalows and a site plan showing access and garden areas. The proposed homes are not built, so the project is about delivering the approved scheme; verify the consent, conditions and implementation requirements before relying on it. The listing says water, electricity and drainage have been connected, with fibre at the plot edge, though services have not been tested by the agents.
The WHOTS score is 40/100 (E, Low Opportunity). The location and fundamentals offer some support, but the overall opportunity is limited and renovation economics cannot be assessed from the available information. Floor area is missing, so value versus local £/sqf cannot be judged yet; no renovation range is available to assess the build budget either.
Key opportunities
- Deliver the three detached bungalows shown in the submitted site plan, with separate access and garden areas.
- Shape the proposed single-storey homes around the described open-plan living space, dedicated office and vaulted rear ceilings.
- The listing states that water, electricity and drainage are connected and fibre is at the plot edge, offering a starting point for construction; verify service connections and capacity.
Key risks
- The undeveloped plots require construction of the proposed homes from the ground up, so budget and programme are for a multi-dwelling build rather than a cosmetic refresh.
- Confirm the planning consent, conditions and implementation requirements, and independently verify the stated service connections before committing.
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Finance
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£472
Based on a loan of £93,750 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.
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