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Bow, Crediton, EX17

South West

£125,000
Listed on 20/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
1163 sqft

Description

Nestled in the heart of Bow, a vibrant village known for its rich community spirit and historical charm, this Grade II listed thatched cottage presents an exciting opportunity for renovation and investment. Positioned between Crediton and Okehampton, the area is well-connected with regular bus services to local towns and Exeter, making it an ideal location for those seeking both rural tranquility and accessibility. The property features two bedrooms and showcases the classic characteristics of traditional Devon architecture, including thick cob walls and a distinctive thatched roof. Although it requires significant improvement throughout, the potential for transformation into a charming home is evident. The ground floor offers a spacious living/dining area with a storage cupboard leading to a kitchen that could be reconfigured to maximize space and modern amenities. There’s also a conveniently placed bathroom on this level, along with unique access points that present opportunities for creative layouts or extensions (subject to planning permissions). Upstairs, the layout reflects its historical roots—with what was once a single large room being divided into two distinct spaces by a central stud wall. This could easily be reimagined to create more functional living arrangements or enhanced privacy. A standout feature of the property is its garden, which unfolds into different levels including cobbled areas leading to useful outbuildings. The garden has been well-maintained and offers productive vegetable plots as well as storage sheds at the far end. Its hidden charm makes it an attractive outdoor space that could be further cultivated or transformed into an inviting garden retreat. Bow itself is steeped in history while offering modern conveniences such as a local primary school rated 'Good' by OFSTED, shops including a co-op, and community facilities like a doctor’s surgery with wellness initiatives. The proximity to Dartmoor and the North Cornish coast adds an extra layer of appeal for those who appreciate outdoor activities. This property not only embodies potential but also represents an investment opportunity in a desirable area characterized by beautiful landscapes and community engagement. Given the extent of work required, prospective buyers should consult with mortgage lenders regarding financing options before pursuing an offer.

Investment Analysis

(EX17 area)

Below Market Value

This property is priced -64.6% below area average per sq ft

-64.6%
Potential saving
This Property
£107/sq ft
Area Average
£303/sq ft
Avg Rent (weekly)
£237
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£388,140
10% above area average per sq ft
Potential ROI
+121.8%
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

Bow, 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
£458
Based on a loan of £93,750 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