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Spurway Road, Tiverton EX16 - Image 1
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Spurway Road, Tiverton EX16

South West

£325,000
Listed on 13/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
922 sqft

Description

Nestled in a serene canal setting, this property presents an attractive opportunity for renovation enthusiasts and investors alike. Situated just a short stroll from the picturesque Grand Western Canal, the home's spacious layout and abundant natural light provide a solid foundation for a modern reimagining. The entrance porch welcomes you with its charm, leading into a hallway that promotes an inviting flow throughout the space. The lounge is generously proportioned, featuring a large window that brightly illuminates the room—ideal for those looking to design a contemporary retreat or an open-plan living area tailored to personal taste. The kitchen/diner also invites creativity, offering ample room to convert it into the heart of family life with your choice of modern fixtures and finishes. Comprising three well-sized bedrooms with scenic views over the rear garden, each room acts as a blank canvas ready for thoughtful upgrades. The potential extends to the bathroom and cloakroom which await stylish updates, making them both functional and aesthetically pleasing. Outside, the private rear garden is expansive and nicely framed by mature shrubs, allowing for various outdoor enhancements such as landscaping or even an additional outbuilding for work or leisure pursuits (subject to planning). With convenient access via a garage that holds potential for conversion, this property is ripe for transformation into a desirable family home or investment opportunity. Positioned within reach of local amenities and excellent transport links, including easy access to Tiverton’s town centre and major roadways, this property not only embodies potential but also promotes a connected lifestyle amidst beautiful surroundings.

Investment Analysis

(EX16 area)

Above Market Value

This property is priced +21.1% above area average per sq ft

+21.1%
This Property
£352/sq ft
Area Average
£291/sq ft
Avg Rent (weekly)
£210
Avg Yield
3.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£295,234
10% above area average per sq ft
Potential ROI
-20.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Spurway Road, Tiverton EX16
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,191
Based on a loan of £243,750 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