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Colebrooke, Crediton, Devon, EX17 - Image 1
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Colebrooke, Crediton, Devon, EX17

South West

£475,000
Listed on 13/10/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This property presents an intriguing opportunity for buyers interested in a tranquil location complemented by picturesque countryside views. The two-bedroom cottage, while comfortable and immediately livable, has significant potential for renovation and personalization. With some internal updates, new owners could enhance the home to better suit their tastes and lifestyles. The spacious layout provides a solid foundation for those considering expansion possibilities, pending necessary planning permissions. This flexibility allows for the transformation of the property into a larger family residence if desired. The exterior features a generous garden that not only offers space for outdoor enjoyment but also the chance to reimagine landscaping according to personal preferences. Additionally, the double garage includes a workshop area at the rear, making it well-suited for storage or hobby endeavors. Ample driveway parking is available, accommodating multiple vehicles conveniently. Nestled in an idyllic rural setting with expansive views, this cottage combines comfort with the potential for future enhancement. It stands out as a unique opportunity to invest in a property rich in character and situated in a charming part of the countryside, where one can enjoy both serenity and prospects for growth.

Investment Analysis

(EX17 area)
Area Average
£303/sq ft
Avg Rent (weekly)
£237
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (EX17)

Area prices are falling by +3.8% over the last 12 months
3 year growth: -11.7%
5 year growth: 10.9%
Investment Disclaimer: Analysis based on EX17 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

Colebrooke, Crediton, Devon, EX17
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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
£1,740
Based on a loan of £356,250 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