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Chapel Downs Road, Crediton, Devon, EX17 - Image 1
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Chapel Downs Road, Crediton, Devon, EX17

South West

£400,000
Listed on 13/10/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This property, situated on a spacious corner plot in a sought-after residential neighborhood, presents an excellent opportunity for those seeking to invest or renovate. The flexible layout caters well to families or professionals and offers significant potential for customization. Inside, the ground floor features two ample reception rooms along with a separate dining area, creating a comfortable living space that can be tailored to various lifestyles. Additionally, there is a dedicated home office or study, a well-appointed kitchen, and a convenient downstairs WC. The arrangement of these spaces allows for easy adaptation to meet changing needs. The upper level hosts three generously sized bedrooms, accompanied by a family bathroom and a separate shower room. Notably, the shower room was previously utilized as a fourth bedroom; reverting it back would provide additional living space if required. The large corner plot enhances the property’s appeal, with enclosed gardens that feature established plants and a raised decking area, ideal for private outdoor enjoyment. Complementing this are off-road parking facilities and an attached garage, adding further value. Located on Chapel Downs Road at the outskirts of Crediton, the home benefits from its tranquil setting while still maintaining proximity to local amenities, schools, and reliable transportation links to Exeter and other areas. This combination of features makes the property not only suitable for immediate occupancy but also ripe with renovation possibilities to create added value over time. With no onward chain, this property is ready for its next chapter—whether that involves moving in as-is or embarking on renovations to enhance its character and functionality further.

Investment Analysis

(EX17 area)
Area Average
£303/sq ft
Avg Rent (weekly)
£237
Avg Yield
3.5%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (EX17)

Area prices are falling by +3.8% over the last 12 months
3 year growth: -11.7%
5 year growth: 10.9%
Investment Disclaimer: Analysis based on EX17 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

Chapel Downs Road, Crediton, Devon, EX17
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,465
Based on a loan of £300,000 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