Amory Road, Tiverton, Devon

Offered to the market at £120,000, this three-bedroom mid-terrace house represents an increasingly rare opportunity for investors, developers, or buyers looking for a substantial refurbishment project.

The property now requires comprehensive clearance, modernisation, and refurbishment throughout, and is unlikely to appeal to buyers looking for a home that can simply be moved into. However, for those prepared to undertake the work, it offers an opportunity to acquire a three-bedroom house at a price which reflects its present condition and provides scope to add value.

The property may therefore be of particular interest to buy-to-let investors, those looking for a refurbishment and resale project, or indeed a purchaser prepared to undertake the work to create a home for their own occupation.

An additional and particularly useful feature is the presence of solar panels, which we understand are owned outright rather than subject to a lease arrangement, potentially helping to reduce future electricity costs.

The accommodation

The accommodation is arranged over two floors and briefly comprises an entrance lobby, sitting room, and long galley-style kitchen on the ground floor, with two double bedrooms, a single bedroom, and a bathroom on the first floor.

The property has an older hot-water and heating arrangement, including a hot-water cylinder with an immersion heater and a solid-fuel fire with a back boiler, which we understand has not been used for a number of years. Purchasers should anticipate upgrading the heating and hot-water system as part of the overall refurbishment.

Outside

The property has a rear garden, although at present this is heavily overgrown, and could not be properly accessed or inspected when the property was appraised. Vegetation, including established ivy, has grown extensively around the rear of the house and currently prevents the rear door from being opened.

We understand there may also be a brick-built store/outbuilding to the rear, although its condition and extent could not be verified because of the restricted access.

An opportunity to add value

There is no disguising the fact that 22 Amory Road requires a considerable amount of work. Clearance of the property and garden will be required before a full refurbishment can sensibly begin, and purchasers should budget for a new kitchen, upgrading of the heating and hot-water system, redecoration, and general modernisation, together with any further works identified once all areas of the property can be fully accessed.

That is, however, exactly why we believe the property represents an interesting opportunity at £120,000.

For an experienced investor, developer, or practical owner-occupier able to take on a project, there is the opportunity to start again and create a comfortable three-bedroom home with the additional benefit of its owned solar-panel system.

Services:
Mains electricity, water, and drainage.

Tenure:
Freehold

Council Tax:
Band B

Local Authority:
Mid Devon District Council