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Grassmere, South Molton EX36

South West

£325,000
Listed on 10/04/2026

Property Details

Bedrooms
2
Type
Bungalow

Description

This two-bedroom detached bungalow, located on the outskirts of South Molton, presents a significant opportunity for those looking to invest in property renovation. Set back from the main road, the home is nestled within a generous plot that features well-established gardens, ample parking space, and an attached garage. Although the current owners have maintained it well, the property offers a blank canvas ready for transformation or potential expansion, subject to necessary planning permissions. The accommodation includes an entrance hall leading into a dual-aspect sitting room, a kitchen/breakfast room with patio doors to the garden, two spacious double bedrooms, and a shower room. Outside, you’ll find a sizeable enclosed garden at the rear providing a private retreat along with useful outbuildings. This property's location near local amenities makes it particularly appealing for families or investors alike.

Investment Analysis

(EX36 area)
Area Average
£283/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
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
8%
Properties sold annually

Local Market Trend (EX36)

Area prices are falling by -4.1% over the last 12 months
3 year growth: -12.4%
5 year growth: +13.1%
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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years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,151
Based on a loan of £243,750 over 30 years at 3.91% 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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