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Chulmleigh

South West

£450,000
Listed on 13/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1550 sqft

Description

This distinctive detached property is located on the outskirts of Chulmleigh, offering three spacious bedrooms and a wealth of renovation potential. Set within a generous garden and featuring an integral double garage, this home presents an exciting opportunity for those looking to invest in a project in a tranquil rural setting. Chulmleigh itself is a vibrant community nestled in the heart of Devon, providing essential amenities such as local shops, cafes, and schools, including the highly regarded Chulmleigh Academy that caters to children from ages 3 to 16. The town also features healthcare services, a library, and recreational facilities. Nearby, both South Molton and Crediton offer more extensive shopping options and services. For those commuting or seeking greater connectivity, the local railway station at Eggesford is just two miles away, linking Exeter with Barnstaple. Road access to towns like Barnstaple and Exeter is straightforward via the A377 or North Devon Link Road. The property itself showcases traditional stone construction beneath its thatched roof. While it has been recently let, it requires modernisation throughout—this includes updates to plumbing and wiring, kitchen and bathroom renovations, as well as fresh interior finishes. The layout comprises an entrance hall leading into a large sitting room with views of the countryside, a functional kitchen with adjoining utility space, three bedrooms—including one that could serve as an office or study—and a family bathroom. Surrounding the house are well-maintained gardens which offer serene rural views and ample outdoor space for gardening or relaxation. The double garage provides not only parking but also potential for conversion into additional living space (subject to planning permissions), enhancing the property's value further. Additionally, there is an option to acquire an extra seven acres of land through separate negotiation—a rare prospect that could significantly expand your investment potential or serve various agricultural or leisure purposes. Overall, this property offers an appealing blend of country living with significant room for enhancement—making it a promising candidate for both homeowners looking to create their dream residence and investors eager for growth opportunities in the picturesque setting of Devon.

Investment Analysis

(EX18 area)

Above Market Value

This property is priced +3.0% above area average per sq ft

+3.0%
This Property
£290/sq ft
Area Average
£282/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£480,810
10% above area average per sq ft
Potential ROI
-3.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
4
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (EX18)

Area prices are falling by +9.4% over the last 12 months
3 year growth: -7.7%
5 year growth: 21.1%
Investment Disclaimer: Analysis based on EX18 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

Chulmleigh
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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
£1,648
Based on a loan of £337,500 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