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Korna House, Shebbear, Devon EX21 - Image 1
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Korna House, Shebbear, Devon EX21

South West

£400,000
Listed on 23/02/2026

Property Details

Bedrooms
4
Type
Semi-detached house
Area
2475 sqft

Description

This distinctive three-bedroom family home, accompanied by a self-sufficient annexe to the rear, presents considerable renovation and investment potential. The property features landscaped gardens and an expansive barn alongside several outbuildings, making it suitable for multi-generational living or rental income possibilities. The main house retains a charming traditional atmosphere with spacious rooms throughout. The light-filled sitting room boasts a bay window overlooking the village green, complemented by a captivating stone fireplace and woodburner, perfect for enhancing those cozy nights in. A second reception area leads into the kitchen and dining space, which showcases exposed beams and an impressive inglenook-style fireplace that adds uniqueness. The country-style kitchen is fitted with cabinets, tiled surfaces, and includes a practical utility area along with an additional kitchen space for extra storage and functionality. On the upper floor, you’ll find three well-proportioned bedrooms arranged around a central landing; the principal bedroom benefits from dual aspects. The family bathroom is modern yet offers room for updates to suit personal tastes. The thoughtfully designed annexe promotes independence while still being integrated with the main home when needed. It consists of a snug living space with log burner, a well-equipped kitchen, contemporary shower room, and a comfortable double bedroom—ideal for guests or as a rental. Outside, the appealing gardens are beautifully maintained boasting privacy along with various seating areas ideal for outdoor enjoyment. The significant outbuilding currently serves as a workshop and studio but holds exciting prospects for conversion into additional living spaces or rental units (subject to planning permissions). Moreover, there’s another barn-style structure that could offer further opportunities for storage or even future development. Located in Shebbear—a quaint village surrounded by pristine Devon countryside—the property is conveniently close to local amenities such as a general store, pub, primary school, and Shebbear College. The nearby market town of Holsworthy provides more extensive services including supermarkets while Bude’s sandy beaches are just 18 miles away. With Exeter around 40 miles distant providing comprehensive transport links and facilities, this property represents an exceptional investment opportunity due to its flexibility and extensive outbuilding potential.

Investment Analysis

(EX21 area)

Below Market Value

This property is priced -46.6% below area average per sq ft

-46.6%
Potential saving
This Property
£162/sq ft
Area Average
£303/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £50,000
Target Value
£824,237
10% above area average per sq ft
Potential ROI
+83.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
4
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (EX21)

Area prices are rising by +5.5% over the last 12 months
3 year growth: -17.8%
5 year growth: +2.3%
Investment Disclaimer: Analysis based on EX21 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

Korna House, Shebbear, Devon EX21
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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
£1,443
Based on a loan of £300,000 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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