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Neopardy, Crediton

South West

£195,000

Listed on 12/03/2026

Property details

Bedrooms
10
Type
Terraced

Description

This property presents an exceptional opportunity for developers looking to capitalize on a prime location. Situated in a tranquil rural area south of Neopardy, these plots are just 1.7 miles from Yeoford, where you'll find essential amenities including a pub, primary school, and a train station on the Tarka line. A short drive brings you to Crediton (3.5 miles) with its wider array of services and schooling options. Exeter is accessible within an 11-mile journey, offering extensive facilities along with easy motorway connections via the nearby A30.

The development site benefits from full planning permission to construct four bungalows, featuring three terraced units and one link-detached home. Each single-storey dwelling includes private gardens and parking, catering to contemporary living needs. With the approximate total area of 463 sqm split across diverse accommodation options (2 and 3 bedrooms), this initiative suits investors aiming for high-quality residential schemes in desirable settings.

Planning consent was secured on April 17th, 2025 (Ref: 24/01570/FULL). The project involves the demolition of an agricultural building and has been approved under Class Q provisions. Though purchasers will need to establish their own utilities connection—electricity and water being available from surrounding properties—a sewage treatment plant installation is required as part of the development process.

This unique proposition is perfect for those wanting to make their mark in property development while benefiting from a strategic location near Dartmoor National Park for added appeal.

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Investment analysis

(EX17 area)
Area Average
£299/sq ft
Avg Rent (weekly)
£230
Avg Yield
3.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £300,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (EX17)

Area prices are falling by -3.1% over the last 12 months
3 year growth: -11.2%
5 year growth: +7.1%
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

Neopardy, Crediton
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Mortgage calculator

£
£
£
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£737
Based on a loan of £146,250 over 30 years at 4.45% 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.

Stamp duty calculator

Price History

-22.0% since listed
£195,000£55,000(-22.0%)
03/12/2025
Current price
£250,000Initial listing
12/10/2025

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