Rackenford, Tiverton

This property represents an exceptional investment opportunity situated in the tranquil village of Rackenford, where planning consent has been established for the construction of six detached residences, each featuring stunning views of the surrounding countryside. The location combines peaceful rural living with convenient access to essential amenities and recreational facilities in nearby Tiverton, just 8 miles away. This village is well-equipped with a traditional pub, a church, and schools, making it an appealing choice for families. The proposed development includes four spacious four-bedroom homes complete with double garages and two three-bedroom properties with single garages, all set to be accessed via a private driveway. Currently, the site encompasses an unoccupied bungalow alongside gardens and a sizable steel-framed storage shed, which could facilitate initial construction efforts. Full Planning Permission was granted on April 26, 2023, by North Devon District Council (Ref: 74391), paving the way for refurbishment and redevelopment. Additionally, potential buyers should be aware of accompanying obligations under the Section 106 Agreement regarding educational contributions and public open space enhancements. Utilities are readily available on-site, ensuring a smoother transition into development work.