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Cheriton Bishop, Exeter, EX6

South West

£299,000
Listed on 18/02/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1263 sqft

Description

Cheriton Bishop, a charming village known for its strong community spirit and excellent transport links to Exeter via the A30, presents a promising opportunity for renovation. The area boasts essential amenities including a local pub, shop, and primary school, with convenient access to secondary education through a school bus service. The nearby town of Crediton is only a short drive away, while the village of Yeoford provides rail connections to Exeter and Barnstaple along the Tarka line. The cottage itself is situated just on the outskirts of Cheriton Bishop and is currently in need of significant restoration. Initial strip-out work has been undertaken by the current owners; however, it remains uninhabitable and requires comprehensive structural updates. Once revitalized, this property has the potential to become a unique home in an enviable location. Furthermore, if complete demolition isn't preferred, there may be options for extending or altering the existing structure by submitting planning applications to Mid Devon District Council. Set on approximately 0.50 acres, the plot features several mature fruit trees at the rear, enhancing its appeal as an investment. With Dartmoor's stunning landscapes nearby and local highlights like Fingle Bridge offering picturesque river walks, this property holds exceptional potential for those willing to undertake substantial renovations.

Investment Analysis

(EX6 area)

Below Market Value

This property is priced -32.3% below area average per sq ft

-32.3%
Potential saving
This Property
£237/sq ft
Area Average
£350/sq ft
Avg Rent (weekly)
£280
Avg Yield
3.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£485,699
10% above area average per sq ft
Potential ROI
+21.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (EX6)

Area prices are rising by +2.6% over the last 12 months
3 year growth: -11.7%
5 year growth: +3.5%
Investment Disclaimer: Analysis based on EX6 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

Cheriton Bishop, Exeter, EX6
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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
£1,078
Based on a loan of £224,250 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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