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Exeter, Devon

South West

£425,000
Listed on 13/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This exceptional 11-acre property in the heart of the Devon countryside presents a unique opportunity for those seeking a renovation project or an investment venture. Located approximately 1.5 miles from Cheriton Bishop, the landscape offers a diverse combination of pasture, woodland, and scrubland, all while being within close proximity to the amenities of the village. Cheriton Bishop features essential services such as a primary school, a public house, a shop/post office, and a reputable doctor’s surgery, making it suitable for both personal use and potential rental opportunities. The more expansive offerings of Exeter are just 12 miles away, providing access to vibrant shopping areas and an international airport. The property is currently equipped with a temporary structure that includes a kitchen/dining area, a cozy sitting room with a wood-burning stove, and two bedrooms. While off-grid living is evident—boasting solar energy capabilities and borehole water supply—investment potential lies in enhancing or renovating this structure to suit modern living standards. Additionally, planning permission has been granted for various improvements, including the installation of a sewage treatment plant (Mid Devon DC Ref 23/01556/ful). Surrounding the dwelling is an impressive expanse of biodiverse land that could support projects such as alpaca breeding or further agricultural pursuits. The healthy ecosystem encourages local wildlife while providing ample space for outdoor activities or sustainable farming initiatives. The free-draining soil condition further contributes to its versatility as an investment location. With generous parking available and ease of access to nearby Cheriton Bishop and Exeter, this property stands out not only as a tranquil retreat but also as an attractive canvas for future development in one of Devon's picturesque settings.

Investment Analysis

(EX6 area)
Area Average
£349/sq ft
Avg Rent (weekly)
£285
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (EX6)

Area prices are stable by +1.6% over the last 12 months
3 year growth: -8.7%
5 year growth: 9.7%
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

Exeter, Devon
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,557
Based on a loan of £318,750 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