Worst House on the Street Logo
Park Road, Tiverton EX16 - Image 1
Park Road, Tiverton EX16 - Image 2
Park Road, Tiverton EX16 - Image 3

Park Road, Tiverton EX16

South West

£450,000
Listed on 15/03/2026

Property Details

Bedrooms
N/A
Type
Land

Description

This property presents a compelling opportunity for developers looking to capitalize on a prime brownfield site near Tiverton's town centre. Previously utilized as a nursery depot, this enclosed plot offers a fresh canvas for residential redevelopment with the potential to construct between six and nine dwellings. Though past planning approvals have lapsed, the location adjacent to People’s Park suggests high demand for thoughtfully designed residential units. The gently sloping land benefits from established vehicular access from Park Road and defined boundaries that enhance privacy, supporting medium-density housing projects. The immediate area features a strong residential character combined with ample green space, making it ideal for families and professionals alike. Local amenities including shops, schools, and transport links are readily accessible, while the park provides recreational facilities that enhance community integration. Prospective purchasers have the flexibility to submit new planning applications based on previously approved layouts or develop innovative designs that align with local aesthetics. The site’s background in sustainable development adds further value to any proposal. This is an excellent potential investment for those looking to engage in successful housing projects in a desirable location.

Investment Analysis

(EX16 area)
Area Average
£293/sq ft
Avg Rent (weekly)
£232
Avg Yield
3.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£400,000 - £600,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (EX16)

Area prices are falling by -10.2% over the last 12 months
3 year growth: -13.0%
5 year growth: -1.5%
Investment Disclaimer: Analysis based on EX16 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Park Road, Tiverton EX16
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,623
Based on a loan of £337,500 over 30 years at 4.06% 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.

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.

Allcott Associates