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Templeton, Tiverton, Devon EX16 - Image 1
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Templeton, Tiverton, Devon EX16

South West

£1,100,000
Listed on 04/10/2025

Property Details

Bedrooms
8
Type
Detached house
Area
5242 sqft

Description

This unique Grade II listed thatched longhouse in Mid Devon offers significant renovation and investment potential, set within approximately three acres of gardens, paddocks, and woodland. The property includes a self-contained two-bedroom annexe and several traditional stone barns, all situated in a tranquil rural setting. The expansive grounds provide ample space for both personal enjoyment and potential development opportunities. The main house features eight bedrooms and retains many period details, including oak panelling, exposed stonework, timber beams, and impressive fireplaces. The inviting entrance hall leads to a dual-aspect living room with natural light flooding the space. The sitting room boasts an inglenook fireplace and additional character elements. Operational areas throughout the home include a utility cupboard and a functional kitchen equipped with traditional features such as a Rayburn stove. The well-proportioned bedrooms on the first floor offer versatility for family living or potential reconfiguration for additional accommodation. An adjoining two-bedroom annexe, which has been converted from a traditional stone barn, presents opportunities for multi-generational living or holiday rentals. One of the standout features of this property is its range of barns with substantial redevelopment potential (subject to planning permission). These structures currently serve as storage but could be transformed into further living spaces or rental units. With various sizes and configurations available among the barns, creative individuals may find numerous possibilities for conversion to fit their vision. Outdoors, the property is approached via a shared driveway leading to dedicated parking areas. The surrounding gardens are well-maintained with mature shrubs providing privacy while offering spaces for outdoor leisure. A stable block consisting of three stables adds equestrian appeal to this already diverse property. Located just 2.5 miles from Rackenford, the property is close to community amenities including schools and local shops while being surrounded by unspoilt Devon countryside. Significant transportation links are also nearby; it lies just 2 miles from the A361 North Devon Link Road, providing easy access to major cities and services in the region. In summary, this distinctive longhouse not only serves as an ideal family home but also stands as a promising investment opportunity due to its renovation capabilities and expansive land offerings—all set in an idyllic rural landscape that speaks to both tranquility and accessibility.

Investment Analysis

(EX16 area)

Below Market Value

This property is priced -27.9% below area average per sq ft

-27.9%
Potential saving
This Property
£210/sq ft
Area Average
£291/sq ft
Avg Rent (weekly)
£210
Avg Yield
3.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £150,000
Target Value
£1,678,541
10% above area average per sq ft
Potential ROI
+34.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (EX16)

Area prices are falling by +7.4% over the last 12 months
3 year growth: -8.9%
5 year growth: 4.2%
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

Templeton, Tiverton, Devon EX16
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£4,030
Based on a loan of £825,000 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE