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Barnfield, Crediton, EX17

South West

£320,000
Listed on 30/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1399 sqft

Description

This individual detached bungalow, situated in a desirable elevated position with stunning views over Crediton and the surrounding countryside, presents an exciting opportunity for potential renovation. While the property is well-maintained, it could greatly benefit from modern updates to fully realize its potential. The layout features a spacious hallway leading into a lounge complete with a feature fireplace, providing an inviting space for relaxation. The kitchen is equipped with essential units and offers ample room for appliances. A conservatory off the side enhances natural light and provides direct access to the garden, perfect for outdoor entertaining or gardening enthusiasts. The three good-sized bedrooms are situated away from the main living area, offering privacy while sharing a bathroom that includes a jacuzzi bath and shower over—a rare find that may appeal to future buyers. Additionally, storage options are plentiful, including a roomy airing cupboard. The property benefits from uPVC double glazing and gas central heating, alongside owned solar panels that contribute to energy efficiency by assisting in water heating. Outside, a well-fenced garden wraps around the bungalow, ensuring security for pets and children alike. The driveway accommodates two parking spaces leading up to a garage with covered passageway access. With its manageable garden and proximity to Crediton's vibrant town centre—known for its independent shops, eateries, arts scene, and community events—this property represents significant investment potential in a thriving market town setting.

Investment Analysis

(EX17 area)

Below Market Value

This property is priced -24.6% below area average per sq ft

-24.6%
Potential saving
This Property
£229/sq ft
Area Average
£303/sq ft
Avg Rent (weekly)
£237
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£466,902
10% above area average per sq ft
Potential ROI
+31.5%
After renovation
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

Barnfield, 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
£1,172
Based on a loan of £240,000 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