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The Square, Mortonhampstead, TQ13

South West

£300,000

Listed on 04/11/2026

The listing

Property details

Bedrooms
6
Type
Terraced
Area
2388 sqft

Description

A freehold mixed-use property occupying a prominent position at a crossroads in Moretonhampstead, with a ground-floor commercial unit and residential accommodation arranged over four floors, including a sizeable basement. The property has previously been operated as a rental investment and is offered with vacant possession. It now requires extensive modernisation, with structural work also identified in the listing. A survey report is available for interested purchasers to review. The accommodation is described as six bedrooms, with a total floor area of approximately 2,388 sq ft. Mains electricity, water and drainage are connected, and mains gas is available in the road. The shop is exempt from council tax and EPC requirements; the flats have EPC ratings of D and E. The freehold is subject to any existing rights and easements, and buyers should make their own legal and survey enquiries about the building, its condition and potential uses. Moretonhampstead is a Dartmoor market town with local shops, pubs and independent businesses. The A38 at Drumbridges is stated to be around nine miles away, providing road access towards Exeter. The property offers scope for a purchaser to assess a range of residential and commercial uses, subject to the building's condition and any necessary consents.

WHOTS analysis

Our WHOTS verdict

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

56out of 100
Grade DWeak opportunity

Confidence: LOW

At £300,000, this prominent freehold corner property is offered at about £126/sq ft, well below the local average of £342/sq ft—a strong price-led opportunity to acquire a substantial project in Moretonhampstead town centre. Its mixed residential and commercial character, four floors and sizeable basement give the incoming owner scope to rethink and improve the property, with vacant possession and previous rental use adding to its potential.

This is a weak overall WHOTS opportunity despite the attractive entry price: the visible interiors are in substantial disrepair, and the listing says structural work is required. The scale and extent of that work need careful assessment against the available survey before committing to a programme.

Key opportunities

  • Use the four-floor layout and sizeable basement as a canvas to reconsider how the residential and commercial spaces work together.
  • The prominent corner position in the town centre gives the mixed-use property a distinctive setting for an improved end result.
  • The worn finishes, damaged kitchen fittings and dated visible bathroom offer clear scope for a substantial interior transformation.

Key risks

  • Stripped and damaged finishes across the visible interiors, together with the stated structural work, point to a heavy multi-floor programme; plan for a substantial rebuild and careful sequencing, not a cosmetic refresh.
  • The listing identifies structural work but does not establish its nature or extent; review the available survey and obtain appropriate inspections before proceeding.

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Map

Location

The Square, Mortonhampstead, TQ13
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Transport

Nearest stations

  • Yeoford Rail Station

    8.2 miles

    Train · Yeoford

  • Crediton Rail Station

    9.9 miles

    Train · Crediton

  • Copplestone Rail Station

    10.6 miles

    Train · Copplestone

  • Exeter St Thomas Rail Station

    10.7 miles

    Train · Exeter City Centre

Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.

Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 5.13%

Current average variable rate is 6.58%

Monthly Repayments
£1,226
Based on a loan of £225,000 over 30 years at 5.13% 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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