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South Street, South Molton, Devon EX36 - Image 1
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South Street, South Molton, Devon EX36

South West

£165,000
Listed on 15/03/2026

Property Details

Bedrooms
2
Type
Terraced house
Area
1286 sqft

Description

This two-bedroom terraced property offers an ideal investment opportunity in the heart of a vibrant town centre. Currently requiring modernisation, this home features additional loft space that could further enhance its appeal, though it has not been approved by building regulations. Entering through a porch, you are greeted by a hallway that provides access to both the sitting and dining rooms, each boasting historic fireplaces and original features like picture rails and cornices. The galley kitchen includes essential fixtures and provides access to an enclosed courtyard, perfect for outdoor living or as a low-maintenance garden space. Upstairs, two double bedrooms offer generous proportions along with a family bathroom equipped with bath and electric shower. The converted attic, while offering potential as an extra room or office, highlights the need for renovation work to fully utilise its space due to height restrictions. Outside, there is further utility offered by an external laundry room and barn structure suitable for storage or workshop use. This property is conveniently located within walking distance of local amenities and offers excellent transport links to surrounding areas, making it an attractive project for buyers looking to add value through refurbishment.

Investment Analysis

(EX36 area)

Below Market Value

This property is priced -54.5% below area average per sq ft

-54.5%
Potential saving
This Property
£128/sq ft
Area Average
£282/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£398,634
10% above area average per sq ft
Potential ROI
+99.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
7
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (EX36)

Area prices are stable by +0.3% over the last 12 months
3 year growth: -9.7%
5 year growth: +17.2%
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

South Street, South Molton, Devon EX36
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£595
Based on a loan of £123,750 over 30 years at 4.06% 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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