Westexe South, Tiverton, Devon, EX16

This property presents a compelling development opportunity, featuring full planning permission for the conversion and extension of an existing building into nine residential units. With planning reference 22/01755/FULL approved as of October 1, 2024, the project offers the potential to create seven maisonettes across the ground and first floors alongside two spacious apartments on the second floor. Located within a short stroll from Tiverton's town centre along the picturesque River Exe, this site is strategically positioned for both residential appeal and investment returns. The total floor area spans approximately 576.38 square meters (6204.10 sq.ft), making it a substantial canvas for transformation. Given the estimated Gross Development Value (GDV) of £1,185,000, this opportunity not only promises significant value creation but also caters to current housing demands in the area.