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Park Street, Tiverton EX16

South West

£185,000
Listed on 15/03/2026

Property Details

Bedrooms
4
Type
Terraced
Area
1023 sqft

Description

This four-bedroom period home, located in the central area of Tiverton, presents an excellent opportunity for those looking to invest or create a dream family residence. The property is now vacant and ready for new ownership without any chain, making it an appealing option for buyers eager to start their renovation journey. While the house is spacious and offers a versatile layout spread over multiple levels, it requires a substantial renovation effort to modernize its interiors and maximize its full potential. The entrance hall welcomes you with traditional character features such as decorative coving and an attractive flooring finish. The main living spaces include a bright lounge with large double-glazed windows and charming period elements, along with a separate dining room that connects directly to the kitchen. The kitchen itself is outdated and would benefit from a complete refresh. A significant highlight of this property is the basement workshop area, which not only provides ample storage but also holds the potential for conversion into additional living space, subject to planning permissions. Upstairs features three large double bedrooms plus an attic room currently utilized as a fourth bedroom—this area could be transformed into a luxurious master suite or home office with some minor renovations. The outdoor space includes a generous westerly-facing garden along with a sizable double garage equipped with power and light—a rare find in town centers. Park Street’s prime location allows easy access to local amenities, schools, and transport routes making this property not just a home but a fantastic investment project.

Investment Analysis

(EX16 area)

Below Market Value

This property is priced -38.5% below area average per sq ft

-38.5%
Potential saving
This Property
£181/sq ft
Area Average
£294/sq ft
Avg Rent (weekly)
£227
Avg Yield
3.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£330,782
10% above area average per sq ft
Potential ROI
+20.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (EX16)

Area prices are falling by -11.3% over the last 12 months
3 year growth: -13.0%
5 year growth: -2.3%
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

Park Street, Tiverton EX16
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£655
Based on a loan of £138,750 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.

Price History

-7.5% since listed
£185,000£14,995(-7.5%)
24/03/2026
Current price
£199,995Initial listing
15/03/2026

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