2 Bed Bungalow, Planning Permission, Bideford, EX39 2RN, £250,000

Northam, Bideford, EX39 2RN - 2 months ago

Auction
Planning
~68 m²
+8 photos

ValuationFair Value

Sold Prices£142.5K - £427.5K
Sold Prices/m²£2.1K/m² - £5.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.7K/m²

Value Estimate

£249,157

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£71,200

 

 

Cash Out

 

Rent Range

£580 - £2,500

Rent Estimate

£640

Running Costs/mo

£929

Cashflow/mo

£-289

Cashflow/yr

£-3,471

Gross Yield

3%

Local Sold Prices

50 sold prices from £142.5K to £427.5K, average is £221K. £2.1K/m² to £5.1K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£315K04/230.14 miLittle Melville, Heywood Road, Northam, Bideford, Devon EX39 3QB2
£305K03/210.31 mi15, Wren Close, Northam, Bideford, Devon EX39 1UU2
£232K10/200.31 mi19, Wren Close, Northam, Bideford, Devon EX39 1UU2
£240K02/230.34 mi25, King Alfred Crescent, Northam, Bideford, Devon EX39 1UE2
£240K04/230.38 mi17, Riverside Close, Bideford, Devon EX39 2RX2
£193K12/200.38 mi70a, Hanson Park, Northam, Bideford, Devon EX39 3SB2
£180K01/210.4 mi26, Castle Street, Northam, Bideford, Devon EX39 1AT2
£170K01/210.47 mi44, Cross Street, Northam, Bideford, Devon EX39 1BX2
£215K03/230.49 mi3a, Cross Street, Northam, Bideford, Devon EX39 1BS2
£200K01/210.49 mi21, Cross Street, Northam, Bideford, Devon EX39 1BS2
£215K11/220.52 miLaurel Cottage, 3a, North Street, Northam, Bideford, Devon EX39 1DH2
£334K02/210.52 mi2, Fairlea Crescent, Northam, Bideford, Devon EX39 1BD2
£427.5K11/210.55 mi15, Green Gardens, Northam, Bideford, Devon EX39 3QG2
£361K12/220.56 mi23, Bay View Road, Northam, Bideford, Devon EX39 1AY2
£200K02/210.57 mi23, Chanters Road, Bideford, Devon EX39 2QN2
£147.5K03/210.58 mi4, Causeway Close, Northam, Bideford, Devon EX39 1SN2
£285K05/210.59 mi7, Daneshay, Northam, Bideford, Devon EX39 1DG2
£222K07/230.6 mi5, Oakfield Terrace, Northam, Bideford, Devon EX39 1DS2
£316K09/210.61 mi4, Highfield, Northam, Bideford, Devon EX39 1BB2
£340K03/210.64 mi17, Lundy View, Northam, Bideford, Devon EX39 1BE2
£235K12/200.66 mi56, J H Taylor Drive, Northam, Bideford, Devon EX39 1TU2
£230K01/210.66 mi54, J H Taylor Drive, Northam, Bideford, Devon EX39 1TU2
£227K12/220.67 mi3, Lily Close, Northam, Bideford, Devon EX39 1EH2
£270K06/210.69 miBrackens, First Raleigh, Bideford, Devon EX39 3NJ2
£230K06/230.69 miTibu, First Raleigh, Bideford, Devon EX39 3NJ2
£180K07/210.72 mi16, Kimberley Park, Northam, Bideford, Devon EX39 1GG2
£170K03/210.74 mi53, Kimberley Park, Northam, Bideford, Devon EX39 1GQ2
£212K02/210.76 mi1, Windsor Road, Northam, Bideford, Devon EX39 1EN2
£295K02/210.84 mi18, Middleton Road, Bideford, Devon EX39 3LU2
£295K04/210.85 mi6, Northdown Drive, Bideford, Devon EX39 3LW2
£385K12/220.86 mi15, The Links, Northam, Bideford, Devon EX39 1LS2
£166K11/210.88 mi485, Kingsley Park, Westward Ho, Bideford, Devon EX39 1UG2
£197K07/230.88 mi551, Kingsley Park, Westward Ho, Bideford, Devon EX39 1UG2
£185K03/230.88 mi527, Kingsley Park, Westward Ho, Bideford, Devon EX39 1UG2
£175K03/230.88 mi498, Kingsley Park, Westward Ho, Bideford, Devon EX39 1UG2
£165K07/210.88 mi543, Kingsley Park, Westward Ho, Bideford, Devon EX39 1UG2
£230K06/210.89 mi7, West Moor Way, Northam, Bideford, Devon EX39 1SP2
£250K02/230.9 mi22, Britannia Way, Westward Ho, Bideford, Devon EX39 1UP2
£310K12/210.91 mi12, Vickers Ground, Northam, Bideford, Devon EX39 1SW2
£205K11/200.91 mi9, Vickers Ground, Northam, Bideford, Devon EX39 1SW2
£205K11/200.91 mi9, Vickers Ground, Northam, Bideford, Devon EX39 1SW2
£230K05/210.91 mi6, Vickers Ground, Northam, Bideford, Devon EX39 1SW2
£142.5K04/210.93 mi15, Kala Fair, Westward Ho, Bideford, Devon EX39 1TX2
£160K06/230.93 mi23, Kala Fair, Westward Ho, Bideford, Devon EX39 1TX2
£145K10/200.93 mi18, Kala Fair, Westward Ho, Bideford, Devon EX39 1TX2
£150K09/210.93 mi13, Kala Fair, Westward Ho, Bideford, Devon EX39 1TX2
£220K10/200.94 mi28, Shoreland Way, Westward Ho, Bideford, Devon EX39 1UD2
£215K06/230.94 mi51, Lime Grove, Bideford, Devon EX39 3JL2
£246K04/230.94 mi8, Commodore Close, Westward Ho, Bideford, Devon EX39 1UR2
£210K07/230.97 mi65, Lime Grove, Bideford, Devon EX39 3JN2

Local Rents

39 rents from £580/mo to £2.5K/mo, average is £755/mo.

RentDateDistanceAddressBeds 
£75005/240.26 miCarnegie North, Clevelands Park, Northam, Bideford, EX392
£75005/240.26 miCarnegie North, Clevelands Park, Northam, Bideford, EX392
£85004/240.45 miRiverside Court, Bideford, Devon2
£82504/240.48 miFore Street, Bideford, Devon2
£80005/240.52 miNorth Street, Bideford, Devon2
£65010/230.58 mi-2
£75504/240.58 mi-2
£72509/240.58 mi-2
£71504/250.58 mi-2
£72511/240.66 mi-2
£77510/230.68 mi-2
£85004/240.75 miKimberley Park, Bideford, Devon2
£58004/240.9 miManchester House, Bideford, Devon2
£64004/240.91 miKala Fair, Westward Ho2
£95003/240.94 mi-2
£95006/240.94 mi-2
£62504/240.96 miColdharbour, Bideford2
£64004/240.97 miColdharbour, Bideford, Devon2
£85004/241.01 mi-2
£85004/241.01 miRidgeway Court, Westward Ho, EX392
£2,50012/241.05 mi-2
£2,50002/251.05 mi-2
£75001/251.06 mi-2
£69512/231.07 mi-2
£75002/251.07 mi-2
£85004/241.13 mi-2
£85004/241.13 mi-2
£80004/241.13 miBrigade House, Bideford, EX392
£85004/241.13 miBrigade House, Bideford, EX392
£85002/251.14 mi-2
£87503/251.15 mi-2
£70010/231.16 mi-2
£72510/231.16 mi-2
£72505/241.18 miSilver Street, Bideford, EX392
£1,10004/241.19 miGolf Links Road, Westward Ho, Bideford2
£64003/241.22 miMeddon Street, Bideford, Devon2
£69504/241.22 miPannier Mews, Bideford, Devon2
£75004/241.23 miGeneva Place, Bideford2
£77503/241.23 miBiddiblack Way, Bideford, Devon2

Local Area Statistics

Population in EX39

37,175

Town centre distance

1.28 miles away

Nearest school

0.50 miles away

Nearest train station

6.93 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Buyer's market

Capital growth (5yrs)

+21%

Property History

Listed for £250,000

February 22, 2025

Floor Plans

Description

  • 2-Bedroom Detached Bungalow set on a generous plot in a peaceful cul-de-sac. +
  • Fully enclosed south-facing gardens ideal for relaxation and outdoor activities. +
  • Spacious layout including a large Living Room, 2 Bedrooms, and Conservatory. +
  • Off-road parking and a Garage offering ample space for vehicles and storage. +
  • Blank canvas Kitchen space ready for personalisation, with potential for your ideal cooking and dining area. +
  • Substantial Entrance Hall with attractive wood block flooring, adding character. +
  • Main Bedroom with generous proportions and garden views from both side and rear windows. +
  • Shower Room with dual flush WC, pedestal wash hand basin, and double shower enclosure. +
  • Expansive gardens and parking areas, offering potential for future development. +
  • Auction sale with no onward chain, starting bid of £250,000 and reservation fee required. +

Introducing a rare and exciting opportunity to acquire a 2 Bedroom detached bungalow set on a generous plot in a peaceful cul-de-sac. Conveniently located near Northam Village and Bideford Town Centre, this property offers the perfect blend of privacy and accessibility, making it ideal for those seeking a secluded yet well-connected lifestyle. Available for sale with no onward chain, it presents an exceptional chance to create your dream home.

The bungalow features plentiful off-road parking, fully enclosed south-facing gardens, and a Garage, providing ample space for both relaxation and practicality. While the property does require improvement, including the installation of a Kitchen and repairs to fire damage in one room, it holds immense potential for development. Subject to necessary planning permissions, this could become a truly unique home in an enviable location.

Internally, the bungalow offers a spacious layout with 2 Bedrooms, a large Living Room, an adjoining Kitchen space, a Conservatory, a substantial Entrance Hall, and a Shower Room. The Entrance Porch is bright and welcoming, featuring UPVC double glazed windows and plumbing for a washing machine. The large Entrance Hall boasts attractive wood block flooring, adding character to the space. The Main Bedroom offers generous proportions with UPVC double glazed windows overlooking the side and rear gardens. The second Bedroom, also with garden views, includes a built-in cupboard housing the gas boiler. The Shower Room is equipped with a dual flush WC, pedestal wash hand basin, and a double shower enclosure with an electric shower.

The Kitchen space, currently devoid of units and appliances, offers a blank canvas for you to design your ideal cooking and dining area. The seller is considering installing a basic Kitchen, providing a starting point for customisation. The adjoining Living Room is bright and airy with windows to the front, rear and side. However, some fire damage to the wall and electrics will require attention.

The Conservatory enhances the living space, with UPVC double glazed windows on 3 sides and French doors opening to the front garden.

Outside, the property features expansive gardens and parking areas, which offer further potential for development. Accessed via a 5-bar gate, the outdoor space ensures both security and convenience.

With its generous plot, fantastic location, and scope for transformation, this bungalow is a rare find. Whether you are looking for a private residence or an investment opportunity, this property offers endless possibilities. Contact us today to arrange a viewing and discover the full potential of this remarkable home. Don’t miss out on making it your own!

This property is for sale by Modern Method of Auction powered by iamsold LTD - Starting Bid £250,000 plus Reservation Fee.

Auctioneer Comments
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.

Where services are accepted, the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

Northam is a small village, lying north of Bideford and south of Westward Ho! There are many country walks around the village and the outlying areas, including the popular Northam Burrows, Appledore Quay and the nearby Westward Ho! Beach.

Local amenities include a supermarket with post office, newsagents and take-aways. There’s also a primary school, a health & dental centre and a number of churches in the area. Northam also has an excellent public swimming pool and gym too. You’ll never be short of places to eat and drink with Appledore, Westward Ho! and Abbotsham on your doorstep with their cornucopia of restaurants and pubs. Being a coastal village, seafood is high on the menu, fresh from the morning’s catch, so be sure to patronise your local fishmonger, if that’s your thing. Golf enthusiasts will also have cause to celebrate because there’s a great championship course on the outskirts of Westward Ho! Westward Ho! is also very popular with surfers and body boarders, with many places to get lessons and hire kit for the beginner.

It’s within short driving distance of the Atlantic Highway (A39) that is the main feeder route across the region leading to Wadebridge in Cornwall to the south-west and to the M5 by Tiverton in the east. A bus service provides access to North Devon’s ‘capital’, Barnstaple. Bus users can also reach Westward Ho!, Bideford, Braunton, Appledore, Croyde and Ilfracombe.

Northam’s local area is teeming with activity whether community groups are your thing or you prefer the outdoor life, there’s something to occupy just about everybody all year around.

Directions
From Bideford Quay proceed towards Northam / Westward Ho! passing over the A39 Heywood Road roundabout. After passing the Durrant House Hotel on your right hand side, take the next right hand turning onto Durrant Lane. Continue down the lane bearing right into Glengarth Close. Glen Cottage will be found at the bottom of the close on your left hand side.

Agent Details

Bond Oxborough Phillips, Bideford

01237 479999

Next Steps?

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