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Reservoir Crescent, Elburton PL9 - Image 1
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Reservoir Crescent, Elburton PL9

South West

£330,000
Listed on 11/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1066 sqft

Description

This well-maintained three-bedroom detached dormer bungalow, constructed by Fletcher, is positioned in the desirable area of Reservoir Crescent in Elburton. It offers scenic views extending towards Dartmoor and presents a solid investment opportunity with its potential for enhancements. The property is available with no onward chain, making it an attractive option for those looking to settle quickly. Upon entry, you are greeted by a spacious and bright hallway that leads into a generously sized lounge and an expansive kitchen/dining area, perfect for family gatherings or entertaining guests. On this level, you will also find two ample double bedrooms alongside a modern family bathroom. The upper floor houses a versatile third bedroom complete with its own dressing area and en suite shower room. Additionally, it boasts access to substantial eaves storage and great potential for further expansion through extensions, pending relevant planning approvals. Surrounding the home are well-established gardens to the front and rear, enhancing the property's appeal with private outdoor space. An added benefit includes gated access to a driveway leading to a garage that features power, lighting, and electric door facilities. With the right vision and some updating, this property could be transformed to meet modern standards while taking advantage of its fantastic location. Early exploration of this opportunity is advised.

Investment Analysis

(PL9 area)

Above Market Value

This property is priced +1.6% above area average per sq ft

+1.6%
This Property
£310/sq ft
Area Average
£305/sq ft
Avg Rent (weekly)
£255
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£357,233
10% above area average per sq ft
Potential ROI
-6.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
35%
Properties sold annually

Local Market Trend (PL9)

Area prices are stable by +0.4% over the last 12 months
3 year growth: +2.8%
5 year growth: +15.7%
Investment Disclaimer: Analysis based on PL9 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

Reservoir Crescent, Elburton PL9
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,190
Based on a loan of £247,500 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.

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