2-bedroom bungalow · EX36 3QB
For saleReduced £12k (−9.2%) on 16 SepListed 67 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well presented two bedroomed gas centrally heated and double glazed park home with a low maintenance garden, conveniently located on the outskirts of the town on a popular residential site.
Situated in a peaceful, quiet location within one mile of the town centre, is this attractive and well presented park home offered to the over 55’s only and with well proportioned accommodation comprising an entrance hall, dual aspect living room, dining room, fitted kitchen, 2 double bedrooms with built in wardrobes and bathroom.
The property benefits from gas central heating and double glazing throughout. For approximate room dimensions and layout please refer to the enclosed floorplan.
Outside 38 Mill on the Mole is situated on a level plot with a gravel and paved low maintenance garden. There is also a small garden shed. There is an allocated parking space.
Services & outgoings We understand that all mains services are connected. Ground Rent: Payable to Mill on the Mole Residential Park of £212 per calendar month.
Council Tax: North Devon Council-band A Conditions/restrictions: The Park home offered to the over 55’s only Additional information Broadband: FTTP-Super fast fibre broadband is available-highest available download speed 35-56 Mbps, highest available upload speed 7-13 Mbps.
(Based on Openreach data). Mobile Coverage: Limited coverage available via EE, O2, three and vodafone.
For an indication of specific speeds and supply or coverage in the area we recommend contacting your own provider.
(Based on Ofcom data) Flooding: The property is in an area at a high risk from River/Sea (defined as the chance of flooding each year more than 3.3%). (Gov UK data).
Medium Surface Water flooding (defined as the chance of flooding each year is between 1% and 3.3%). (Gov UK data).
Construction Type: Steel chassis and timber frame The property is situated in a quiet residential park just on the edge of South Molton town with a regular bus service running from Mill on the Mole to the town centre.
The bustling market town of South Molton provides an excellent range of everyday services and amenities including shops, primary and secondary schools, together with a supermarket, a health centre, recreational facilities and a cottage hospital.
The A361 North Devon link road is within easy driving distance providing quick access to the regional centre of Barnstaple as well as Tiverton and the M5 motorway (Junction 27).
South Molton is surrounded by picturesque North Devon countryside with nearby Exmoor offering beautiful moorland scenery with many foot and bridle paths.
The north coast is easily accessible with lovely sandy beaches at Instow, Saunton Sands, Croyde Bay, Putsborough and Woolacombe.
Mainline intercity rail links are available at Tiverton Parkway (London Paddington approx. 2 hours) with international airports at Exeter and Bristol.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 38, Mill on the Mole Residential Park, Devon
Explore nearby