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Grassmere, South Molton EX36

South West

£325,000

Listed on 25/06/2026

Property details

Bedrooms
2
Type
Bungalow

Description

This two-bedroom detached bungalow, located on the edge of South Molton, is set on a generous plot and offers significant renovation potential. While the property has been maintained by the current owners, it presents an opportunity to create a contemporary living space tailored to modern needs. The layout includes a welcoming entrance hall, a dual-aspect sitting room, and a kitchen/breakfast area with patio doors leading outside. Both bedrooms are spacious doubles, complemented by a practical shower room. The exterior features a large brick-paved driveway providing ample parking and access to an attached garage, alongside established gardens that offer privacy from hedgerow boundaries and include useful outbuildings. Given its location just outside the town center and proximity to local amenities including shops and schools, this property also holds appeal for those looking to invest in future development or enlargement (subject to necessary consents).

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Investment analysis

(EX36 area)
Area Average
£284/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
10
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (EX36)

Area prices are falling by -6.8% over the last 12 months
3 year growth: -13.6%
5 year growth: +8.9%
Investment Disclaimer: Analysis based on EX36 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

Grassmere, South Molton EX36
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Mortgage calculator

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£
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,228
Based on a loan of £243,750 over 30 years at 4.45% 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.

Stamp duty calculator

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