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Rackenford, Tiverton

South West

£650,000
Listed on 13/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This development opportunity features full planning permission for the construction of six detached residential homes in the picturesque village of Rackenford. With its serene rural backdrop, this site is ideally situated within a close-knit community while still offering easy access to larger towns for amenities. Rackenford itself is enriched with local charm and essential services, including a traditional pub, a church, and both a nursery and primary school. A broader array of shopping options, health facilities, and secondary schooling can be found in the nearby market town of Tiverton, located just eight miles away. Tiverton also presents various recreational options such as a sports center, swimming pool, and golf course. The surrounding countryside invites outdoor enthusiasts to explore numerous walking and cycling paths. Exmoor National Park is only a short drive away, providing additional opportunities for adventure. The North Devon coast—known for its stunning beaches and scenic coastal trails—is easily reachable as well. Accessibility to major transport routes is excellent via the A361 North Devon Link Road, which leads swiftly to Junction 27 of the M5 motorway. Additionally, Tiverton Parkway railway station offers mainline services to London Paddington, with Exeter Airport roughly 25 miles from the location. The proposed development includes plans for six high-quality homes: four spacious four-bedroom properties with double garages and two three-bedroom homes featuring single garages. Each property will be accessed via a private driveway, enhancing the appeal of living amidst attractive countryside vistas. Planning permission was granted by North Devon District Council on April 26, 2023 (Ref: 74391) for this redevelopment project, which encompasses an unoccupied bungalow alongside gardens and a large steel-framed storage shed. It’s worth noting that there are certain contributions associated with the Section 106 Agreement established on April 25, 2023—these include an education contribution and an off-site public open space contribution that will be payable by the purchaser. Utility connections for mains electricity and water are available on-site; foul drainage is expected to utilize a sewage treatment plant. Interested parties should conduct their own inquiries regarding service provision from relevant utility providers. The freehold property is being offered through private treaty with ownership details available upon request. While legal rights and encumbrances may apply to the sale, it’s important to highlight that the seller plans to retain a 30cm strip along parts of the eastern and southern boundary. This site not only presents immediate development potential but also capitalizes on Rackenford's tranquil environment and accessibility to surrounding amenities—making it an

Investment Analysis

(EX16 area)
Area Average
£291/sq ft
Avg Rent (weekly)
£210
Avg Yield
3.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£1,200,000 - £1,800,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (EX16)

Area prices are falling by +7.4% over the last 12 months
3 year growth: -8.9%
5 year growth: 4.2%
Investment Disclaimer: Analysis based on EX16 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

Rackenford, Tiverton
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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
£2,381
Based on a loan of £487,500 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