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Whimple, Exeter

South West

£5,000,000

Listed on 08/07/2026

Property details

Bedrooms
N/A
Type
Land

Description

Pithayes Farm offers a unique opportunity for those looking to invest in a versatile agricultural holding with both commercial and residential prospects, subject to planning permissions. This detached five-bedroom farmhouse is in need of modernization and presents significant renovation potential. The traditional courtyard features brick barns that previously received planning consent for conversion into four residential units, highlighting the site's development capacity. With an extensive range of modern agricultural buildings equipped with PV panels, this property is not only functional for current farming operations but also holds potential for alternative commercial uses such as storage and workshops. The adjoining arable land spans approximately 164 acres and boasts productive Grade 3 soil, ideal for various agricultural activities. Given its strategic position near Whimple and easy access to Exeter, this farm represents an excellent investment opportunity with immediate short-term rental income from existing tenancies and the possibility of future development or diversification.

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Investment analysis

(EX5 area)
Area Average
£335/sq ft
Avg Rent (weekly)
£288
Avg Yield
3.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£100,000 - £200,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (EX5)

Area prices are stable by -1.1% over the last 12 months
3 year growth: -2.3%
5 year growth: +6.3%
Investment Disclaimer: Analysis based on EX5 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

Whimple, Exeter
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Mortgage calculator

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£
£
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£18,889
Based on a loan of £3,750,000 over 30 years at 4.45% 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.

Stamp duty calculator

This calculation uses non-residential (land/commercial) tax rates.

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