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Aylesbeare, Exeter

South West

£650,000
Listed on 11/09/2024

Property Details

Bedrooms
3
Type
Bungalow
Area
1204 sqft

Description

This three-bedroom detached bungalow, positioned within 3.22 acres of lush grounds, offers an excellent opportunity for renovation and potential expansion (subject to planning permission). Set against the backdrop of the East Devon National Landscape, between Aylesbeare and West Hill, this property combines tranquil rural living with easy access to local amenities in West Hill and the bustling town of Ottery St Mary, known for its excellent schools. Constructed in the 1950s and later extended in the late 1980s to add a spacious third bedroom, the bungalow features durable breeze block and rendered walls topped with tiled roofing. Inside, you'll find a layout that includes three bedrooms and a bathroom connected by a central hallway, all overlooking the generously sized gardens. The open-plan sitting and dining area boasts a fireplace with a wood burner and opens via patio doors to the rear garden. Additionally, there’s a conservatory currently serving as a utility space that adjoins a compact kitchen. The expansive gardens are predominantly flat with mature landscaping—including an orchard and kitchen garden—surrounding the property. The driveway leads to ample parking alongside a timber-framed outbuilding used as a garage, as well as an additional block-built kennel. Beyond these cultivated spaces lies an adjoining paddock sloping gently westward, bordered by mature hedges and oak trees—ideal for further landscaping or agricultural use. With mains water and electricity available along with private drainage likely being septic, this unique property presents substantial improvement potential amidst idyllic surroundings.

Investment Analysis

(EX5 area)

Above Market Value

This property is priced +61.1% above area average per sq ft

+61.1%
This Property
£540/sq ft
Area Average
£335/sq ft
Avg Rent (weekly)
£283
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£443,939
10% above area average per sq ft
Potential ROI
-40.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
41%
Properties sold annually

Local Market Trend (EX5)

Area prices are falling by -6.2% over the last 12 months
3 year growth: -2.5%
5 year growth: +6.2%
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

Aylesbeare, Exeter
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,344
Based on a loan of £487,500 over 30 years at 4.06% 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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