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Morchard Bishop, Crediton, EX17

South West

£230,000
Listed on 30/12/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This historic cottage located in the charming village of Morchard Bishop presents ample renovation opportunities for those looking to invest in a property with character. Nestled behind a spacious south-facing garden, it offers the potential for modern updates while retaining its period charm. The property is conveniently sold without an onward chain and benefits from good local amenities including a bus service, a well-regarded pub, and access to nearby towns like Crediton and Exeter. Upon entering, you are welcomed by a practical porch that leads into an expansive lounge featuring high ceilings adorned with an original beam and an inglenook fireplace equipped with a woodburning stove—ideal for creating a cozy atmosphere. The room is versatile enough to accommodate both dining and living areas. At the rear, the kitchen boasts shaker-style units which may benefit from modernization; there's space for essential appliances and even a dining table. The first floor houses two generously sized double bedrooms alongside a bathroom fitted with floor-to-ceiling tiles, although some refurbishment could enhance its appeal. An interesting feature is an additional small room, perfect for various uses such as an office or play area, despite limited height. Externally, the charming cottage garden provides a quaint seating space and potential for further landscaping or parking solutions pending planning permissions—previous permissions have lapsed but may be revisited. On-street parking is currently accessible. Overall, this property embodies Victorian charm and offers significant scope for investment through strategic improvements.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
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

Morchard Bishop, Crediton, EX17
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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
£843
Based on a loan of £172,500 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