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Building Plots At Southfield, Horwood EX39

South West

£250,000
Listed on 04/10/2025

Property Details

Bedrooms
5
Type
Detached house

Description

This property presents a unique investment opportunity, offering two building plots set on approximately 0.65 acres in a tranquil countryside location. The site is currently home to a barn that will be removed, making way for the construction of two detached bungalows, both of which benefit from full planning permission. The layout includes plans for a three-bedroom bungalow with around 156.2 m² (1,681.3 sq ft) of living space and a two-bedroom bungalow extending to about 88.3 m² (950.5 sq ft). This setup not only allows for potential dual occupancy or multigenerational living but also offers flexibility for future use depending on your needs. Surrounded by picturesque views of the countryside, the plots are part of an established yet peaceful area off a quiet country lane. Additional land is included in this package, providing extra space and the potential for a secondary access point, subject to necessary approvals. The property's location strikes a balance between rural charm and convenience; it is just 1.3 miles from Lovacott village and well within reach of noteworthy amenities in nearby Newton Tracey, which features an outstanding-rated primary school and local pub. The proximity to major routes like the A39 Atlantic Highway ensures easy access to the larger market town of Barnstaple as well as Bideford and Great Torrington, which offer comprehensive services, shops, and schools. Mains electricity is available nearby, with drainage requiring the installation of a private treatment plant and mains water already connected to the existing structure. This property not only stands out due to its development potential but also represents an attractive option for those looking to capitalize on investment opportunities in this desirable North Devon area.

Investment Analysis

(EX39 area)
Area Average
£301/sq ft
Avg Rent (weekly)
£212
Avg Yield
3.2%

Renovation Potential

Est. Renovation Cost
£25,000 - £62,500
10-25% of property value
Monthly Sales
29
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (EX39)

Area prices are falling by +2.6% over the last 12 months
3 year growth: -2.8%
5 year growth: 25.3%
Investment Disclaimer: Analysis based on EX39 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Building Plots At Southfield, Horwood EX39
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