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Puddington, Tiverton, Devon EX16 - Image 1
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Puddington, Tiverton, Devon EX16

South West

£400,000
Listed on 09/12/2025

Property Details

Bedrooms
4
Type
Detached
Area
2093 sqft

Description

This distinctive former chapel, originally built in 1854, presents a unique opportunity for those looking to invest in a property with significant character and renovation potential. Nestled on the outskirts of Puddington village, the home boasts spacious accommodation with four bedrooms, two of which include en-suites, and offers impressive views over the surrounding countryside. The existing layout allows for flexible use, including a ground floor bedroom ideal for multi-generational living or guest accommodations. The interior retains numerous original features that could be preserved or highlighted during renovations, such as exposed beams and an inglenook fireplace. The kitchen area is ripe for modernisation, providing the chance to create a contemporary cooking space that suits your style. Further enhancements could be made in the bathrooms to bring them up to date while capitalising on their unique attributes. Outside, the property features a cottage garden along with a garage and sizeable workshop that could serve multiple uses pending necessary permissions. The presence of solar panels and an air source heat pump suggests an efficient energy setup that could be built upon to further enhance sustainability. Overall, Tristram Chapel offers not just a home but an investment into a lifestyle rich in history, character, and potential enhancement.

Investment Analysis

(EX16 area)

Below Market Value

This property is priced -34.7% below area average per sq ft

-34.7%
Potential saving
This Property
£191/sq ft
Area Average
£293/sq ft
Avg Rent (weekly)
£232
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£673,538
10% above area average per sq ft
Potential ROI
+40.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (EX16)

Area prices are falling by -10.2% over the last 12 months
3 year growth: -13.0%
5 year growth: -1.5%
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

Puddington, Tiverton, Devon EX16
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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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