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Development Site For 35 Dwellings, Feniton, East Devon

South West

£1,200,000
Listed on 13/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This unique property presents a significant development opportunity nestled on the outskirts of the sought-after village of Feniton in East Devon. Formerly a smallholding known as Burlands Mead, the site currently holds approved detailed planning permission for a project that encompasses 35 new residential units and essential landscaping and infrastructure development, pending the finalization of a S106 legal agreement. The approved plan features a diverse mix of housing options, including 27 houses and 8 apartments, with sizes ranging from two to four bedrooms. This variety caters to different market segments and addresses housing demands in the area. The total proposed floor area for the development is approximately 2,978 square meters (32,055 square feet), with plans also stipulating that at least 51% of the new homes will be designated as affordable housing. Located just 11 miles east of Exeter, and conveniently close to major transport links such as the A30 and local railway services connecting to Exeter Central and London Waterloo, this site benefits from both accessibility and community amenities. Feniton itself is equipped with a primary school rated 'Good' by Ofsted, a convenience store, social clubs, and various health services. The nearby market town of Honiton provides additional shopping options including a Tesco Superstore while maintaining a selection of local businesses. In addition to its immediate village conveniences, the proximity to Exeter means residents can easily access its vibrant array of shops, restaurants, cultural sites, and educational institutions. Furthermore, Exeter International Airport is around 10 miles away, enhancing travel connectivity for future residents. The planning process is well underway with East Devon District Council's recent approval for application reference 23/0296/MFUL. A Community Infrastructure Levy (CIL) will apply to this development at an indexed rate of £176.13 per square meter as of 2025. Moreover, key components outlined in the draft S106 agreement include provisions for open space dedicated to public use—ensuring that community needs are met alongside residential growth—and contributions aimed at preserving local habitats. For those looking to invest in this promising opportunity, further details regarding utilities and planning documents are available upon request. This property not only marks an opportunity for immediate development but also positions itself as a strategic investment within an evolving community landscape. Viewing appointments are available strictly by request through KLP.

Investment Analysis

(EX14 area)
Area Average
£324/sq ft
Avg Rent (weekly)
£282
Avg Yield
4.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£4,200,000 - £5,600,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (EX14)

Area prices are falling by +2.1% over the last 12 months
3 year growth: -1.9%
5 year growth: 14.2%
Investment Disclaimer: Analysis based on EX14 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

Development Site For 35 Dwellings, Feniton, East Devon
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£4,396
Based on a loan of £900,000 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