Former Lloyds Bank, South Molton
By Michael Adey Property
£ 325,000
Reviews
3 out of 5 stars
Michael Adey Property says ..
An exciting development opportunity for conversion/renovation - Former Lloyds Bank, East Street, South Molton - Planning consent granted to convert into 3 large residential apartments (2 bed, 3 bed, a 3/4 bed duplex/maisonette and a large ground floor retail unit) - Vehicular access & garden ----->
Property Oracle says ..
This former Lloyds Bank in South Molton presents a unique opportunity for redevelopment. The property boasts a substantial 5,608 sqft of space and is situated in a central location on East Street. While the building requires extensive renovation, its size and location offer significant potential for conversion into residential units, commercial spaces, or a mixed-use development. The property includes a plot size of 4,391.68 sqft, providing outdoor space that could be further developed. The listing price of £325,000 represents a competitive value, given the property’s size and location, making it an attractive investment for those willing to undertake a comprehensive renovation project.
Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 8
- Condition
- 3
- Location
- 7
- Land
- 6
- Bedrooms
- 9
- Bathrooms
- 0
- Sqft (est)
- 5,608.00
- Lot (est)
- 4,391.68
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 661,000.00 £Increased by 29.29 %
- Est sale value
- 3,039,536.00 £Increased by 47.28 %
- Average area rental value
- 2,410.00 £/moIncreased by 120.90 %
- Est letting value
- 5,608.00 £/mo
- Est rental Yield
- 4.38 %Increased by 71.09 %
- Crime Rate
- 58.00 %Unchanged by 0.00 %
Agent Activity
Michael Adey Property created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| South Molton & District Children'S Centre | Children's Centre | 0.29 KM | |
| South Molton Community College | Foundation School | Good | 0.62 KM |
| South Molton Community Primary School | Community School | Good | 0.89 KM |
| South Molton United Church Of England Primary School | Voluntary Aided School | Good | 1.14 KM |
| North Molton Primary School | Academy Converter | 4.65 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Broad Street The Square | £ 0 | 0 | 0.00 KM |
| Sycamore Drive | £ 375,000 | 0 | 0.00 KM |
| Queen Street | £ 249,950 | 0 | 0.00 KM |
| Lamaton Park | £ 0 | 0 | 0.00 KM |
| Gunswell villas | £ 565,000 | 0 | 0.00 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Former Lloyds Bank, South Molton | £ 325,000 | BUY | 6 / 10 | 0.00 KM |
| New Road, South Molton, Devon, EX36 | £ 190,000 | BUY | 5 / 10 | 0.03 KM |
| Elysian Court, South Molton | £ 120,000 | BUY | Unknown | 0.08 KM |
| Touts Court, South Molton | £ 175,000 | BUY | 7 / 10 | 0.08 KM |
| New Road, South Molton, Devon, EX36 | £ 130,000 | BUY | 5 / 10 | 0.08 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 3 East Street | £ 112,000 | 0.08 KM |
| 2c East Street | £ 110,000 | 0.10 KM |
| 2b East Street | £ 115,000 | 0.10 KM |
| 15 East Street | £ 115,000 | 0.10 KM |
| 4 Paradise Lawn | £ 499,950 | 0.10 KM |