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Lympstone

South West

£600,000
Listed on 01/08/2025

Property Details

Bedrooms
4
Type
Detached house

Description

This property presents a unique opportunity for developers and self-builders with full planning permission in place for two bespoke four-bedroom detached houses. The site, measuring approximately 1,516m², is situated in the highly sought-after village of Lympstone, offering potential for architecturally distinct homes that can take advantage of stunning estuary views. Accessed via a private driveway, the location ensures both privacy and serenity while remaining conveniently close to local amenities. The area is characterized by its historical charm, featuring a picturesque waterfront along with traditional inns and a quaint village shop that caters to everyday needs. Families will find it particularly appealing due to its proximity to reputable educational institutions such as St Peter's Preparatory School and a well-regarded primary school. Commuters will appreciate the advantageous location just a five-minute walk from Lympstone railway station, which facilitates easy travel to Exeter St David’s and onward connections to London Paddington. This property not only offers immediate development potential but also benefits from being nestled in a community known for its strong sense of belonging and tranquil atmosphere. For those considering an investment in East Devon's real estate market or seeking a self-build project, this site represents a compelling proposition with numerous possibilities for customization and design. Early inquiries are encouraged as opportunities like this are rare in such a desirable locale. Further details on the planning application (reference: 24/0674/FUL) are available upon request.

Investment Analysis

(EX8 area)
Area Average
£357/sq ft
Avg Rent (weekly)
£288
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£450,000 - £600,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (EX8)

Area prices are rising by +2.5% over the last 12 months
3 year growth: 4.4%
5 year growth: 21.6%
Investment Disclaimer: Analysis based on EX8 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Lympstone
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,198
Based on a loan of £450,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE