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Rackenford, Tiverton, Devon EX16 - Image 1
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Rackenford, Tiverton, Devon EX16

South West

£100,000
Listed on 10/12/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property represents a unique investment opportunity, featuring an adaptable agricultural building situated in a serene rural setting. The structure comes with change of use planning consent that allows for its transformation into a light industrial business unit, enhancing its potential for commercial applications. Encompassing approximately 2.02 acres, the premises boasts excellent access from the A361 North Devon Link road and offers picturesque views over the surrounding countryside and adjoining pasture land. The building itself is a modern agricultural barn constructed with steel framing and clad in profile steel, currently featuring an earth and wood chip floor. With planning approval for conversion into a single-storey commercial space, the proposed layout includes key functional areas such as reception and office spaces, cloakrooms, a kitchen, and an expansive open plan area suitable for various business activities. In addition to its commercial prospects, there are possibilities for further enhancement of the landscape around the barn, including the creation of paddocks or amenity spaces that could complement the setting. Although it currently lacks mains services, prospective buyers will have ample room to install a private drainage system and explore water connection options nearby. This opportunity is ideal for those looking to invest in rural development with significant potential for future profitability.

Investment Analysis

(EX16 area)
Area Average
£291/sq ft
Avg Rent (weekly)
£210
Avg Yield
3.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £60,000
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

Rackenford, Tiverton, Devon EX16
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£366
Based on a loan of £75,000 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