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Neopardy, Crediton

South West

£195,000
Listed on 30/12/2025

Property Details

Bedrooms
10
Type
Terraced house

Description

This site presents a valuable investment opportunity for the development of four desirable bungalows, each featuring private gardens and designated parking. Located in a picturesque rural setting just south of Neopardy, these plots are only 1.7 miles from Yeoford, which boasts essential amenities such as a pub, primary school, and train station along the Tarka line connecting Exeter to Barnstaple. The larger town of Crediton, approximately 3.5 miles away, offers a wider array of services including shops and healthcare facilities. With Exeter city just 11 miles distant and excellent access to the A30 for travel westward to Cornwall or eastward towards Exeter and beyond, this location is both tranquil and conveniently situated. The site benefits from full planning permission for the construction of four bungalows—three terraced and one link-detached—totaling approximately 463 square meters. This presents a unique chance for developers to create custom single-storey homes tailored to modern living requirements. The project also comes with no community infrastructure levy (CIL), making it a more financially attractive proposition. Potential purchasers will need to investigate utility connections while ensuring installation of a sewage treatment plant (STP) for the development's needs. Given its strategic location near Dartmoor National Park and proximity to local amenities, this development project not only promises good returns but also allows for creating desirable living spaces in a sought-after area.

Investment Analysis

(EX17 area)
Area Average
£304/sq ft
Avg Rent (weekly)
£235
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£250,000 - £400,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
28%
Properties sold annually

Local Market Trend (EX17)

Area prices are falling by -2.2% over the last 12 months
3 year growth: -10.6%
5 year growth: +8.0%
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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£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£703
Based on a loan of £146,250 over 30 years at 4.06% 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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