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Brook Lodge, Threshers, Crediton, EX17 3JJ

South West

£235,000
Listed on 13/10/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This property, originally constructed in the early 1990s as a doctors' surgery and pharmacy, presents a unique opportunity for renovation or investment in the heart of Crediton. The award-winning contemporary design features a distinctive circular turret and a living roof that seamlessly blend with the surrounding landscape. As the town has grown and the medical facilities relocated, this standalone structure has received planning permission for conversion into a residential dwelling. The interior layout currently includes two bedrooms and two bathrooms, alongside an open-plan kitchen/dining/living area that opens onto south-facing gardens. This configuration not only offers comfortable living space but also presents potential for customization to meet new owners’ needs, whether as a primary residence or rental investment. With flexible options to alter the suggested layout (subject to planning), there’s ample scope to create a personalized living experience. Positioned on level ground with convenient parking and access, this property is enhanced by its proximity to local amenities including public transport links and green spaces adorned with mature trees. The vibrant town center of Crediton is just a short distance away, offering various shops, cafes, and recreational facilities such as a leisure center and gym, catering to both residents' lifestyles and attracting visitors. For developers or investors looking for a project with significant potential in an established area, this property stands out as an opportunity to craft a unique living space amid charming surroundings. Planning references suggest possibilities for expansion or modification upon application. This site allows buyers not only to embrace modern living but also engage in creating something truly distinctive within one of Devon's picturesque towns.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
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

Brook Lodge, Threshers, Crediton, EX17 3JJ
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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
£861
Based on a loan of £176,250 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