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Leigh Mill, Loxbeare EX16 - Image 1
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Leigh Mill, Loxbeare EX16

South West

£200,000
Listed on 01/12/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This unique country plot spans approximately 1.25 acres and presents a versatile investment opportunity in a serene rural environment. Accessed via a charming private driveway with mature landscaping, the property features a rustic gated bridge over a gentle stream, enhancing its tranquil setting. The grounds include a large workshop previously used for horticultural purposes, along with several outbuildings suitable for various uses such as storage, creative projects, or even as leisure accommodations. Additionally, there's ample parking space available for vehicles. With expansive lawns that could easily accommodate small paddocks or further garden development, this plot also benefits from secondary vehicular access from an adjacent lane. Notably situated outside conservation areas, you can explore the potential of transforming this property into residential dwellings or establishing home-based businesses (subject to necessary planning permissions). Located conveniently between Loxbeare and Calverleigh and only minutes from Tiverton town centre, this property combines peaceful living with accessibility to major transport links.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
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

Leigh Mill, Loxbeare EX16
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£733
Based on a loan of £150,000 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