3 Bed Bungalow, Single Let, Torrington, EX38 8NQ, £150,000

Langtree, Torrington, EX38 8NQ - 3 months ago

Sold STC
BTL
ROI: 6%
~93 m²
+4 photos

ValuationUndervalued

Sold Prices£190K - £455K
Sold Prices/m²£1.1K/m² - £5K/m²

 

 

Square Metres

~93 m²
Price/m²£1.6K/m²

Value Estimate

£180,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£46,200

 

 

Cash Out

 

Rent Range

£900 - £900

Rent Estimate

£900

Running Costs/mo

£669

Cashflow/mo

£231

Cashflow/yr

£2,775

ROI

6%

Gross Yield

7%

Local Sold Prices

14 sold prices from £190K to £455K, average is £320K. £1.1K/m² to £5K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£272K09/210.1 mi24a, Fore Street, Langtree, Torrington, Devon EX38 8NG3
£335K09/210.1 mi34, Fore Street, Langtree, Torrington, Devon EX38 8NG3
£240K12/211.13 mi8, Heathland View, Stibb Cross, Torrington, Devon EX38 8RB3
£255K05/221.13 mi10, Heathland View, Stibb Cross, Torrington, Devon EX38 8RB3
£325K09/211.21 mi27, Beech Road, Stibb Cross, Torrington, Devon EX38 8HZ3
£315K12/201.21 mi31, Beech Road, Stibb Cross, Torrington, Devon EX38 8HZ3
£342K03/231.21 mi9, Beech Road, Stibb Cross, Torrington, Devon EX38 8HZ3
£410K07/221.25 mi29, Beech Road, Stibb Cross, Torrington, Devon EX38 8HZ3
£195K03/231.67 mi1, Berry Cross, Langtree, Torrington, Devon EX38 8NT3
£333K02/211.77 miCaer Bryn, Hele Lane, Frithelstockstone, Torrington, Devon EX38 8JW3
£455K03/221.85 miTrelare, Church Lane, Frithelstockstone, Torrington, Devon EX38 8JL3
£230K11/222.76 mi3, Yarde Cottages, Peters Marland, Torrington, Devon EX38 8QA3
£190K03/212.76 mi14, Yarde Cottages, Peters Marland, Torrington, Devon EX38 8QA3
£370K07/232.78 mi5, Town Meadow, Little Torrington, Torrington, Devon EX38 8RD3

Local Rents

1 rents from £900/mo to £900/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£90004/241.88 miWest Ford Farm Cottage, Little Torrington, Devon3

Local Area Statistics

Population in EX38

8,260

Town centre distance

3.69 miles away

Nearest school

0.20 miles away

Nearest train station

10.41 miles away

 

 

Rental growth (12m)

-8%

Sales demand

Balanced market

Capital growth (5yrs)

+34%

Property History

Listed for £150,000

January 17, 2025

Description

  • Planning for a three bedroom detached bungalow +
  • Stunning edge of village location +
  • Far reaching countryside views +
  • Plot approaching 3/4 acre +

Planning has been granted (1/0042/2023/FUL) to build a three bedroom detached bungalow within a stunning plot approaching 3/4 acre on the edge of the popular village of Langtree. This unique site is pleasantly situated and surrounded by countryside on three sides. On a clear day you have a fantastic view across to Exmoor National Park in the distance.

This is your ideal chance to build your dream home in a beautiful rural setting.

Langtree is handily placed and is often described as the gateway to everywhere. From here you can enjoy good road links to the market towns of Great Torrington and Bideford both within a 20 minute drive, also Exeter within an hour’s drive from Stibb Cross. In the other direction is the market town of Holsworthy, close to the Cornish borders. Within a two mile drive you can find yourself enjoying the locally renowned Tarka Trail a footpath/cycle way mainly built on the bed of a disused railway where all the gradients are gentle. It winds its way through some stunning woodland along the course of the River Torridge past Beam Weir, where Henry Williamson’s Tarka the Otter was born, from which the trail gains its name. It continues past Bideford and along the coast to Barnstaple where it splits and one leg turns inland again following the portion of the railway which is still in use the other continues on the bed of the disused railway and onto Ilfracombe. There are lots to do both regionally and locally. Within just a twenty minute drive you have the Plough arts centre / theatre, Dartington Crystal and The Royal Horticultural society gardens "Rosemoor" to enjoy.

Contact us today to arrange a viewing and experience the peaceful ambiance of this delightful home in the heart of the village.

Directions
From Torrington take the A386 (New Street) towards Bideford and upon leaving the town turn left onto the B3227 signposted Langtree/Holsworthy. Stay on this road and upon entering Langtree Village, continue past the Green Dragon public house on your left hand side, and then past Church Lane. Continue for a short distance and turn right on to Latch Lane with a sign post indicating a bridleway. Continue on the track taking the right hand folk to where the plot can be located.

Agent Details

Bond Oxborough Phillips, Torrington

020 3869 5476

Next Steps?

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