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Down St Mary, Crediton, EX17

South West

£500,000
Listed on 30/12/2025

Property Details

Bedrooms
4
Type
Detached house

Description

Set in the charming village of Down St Mary, this four-bedroom converted barn offers a unique opportunity for homebuyers looking to invest in a character-filled property with potential for further development. Originally transformed by a reputable local developer around a decade ago, this residence combines modern building standards with rustic charm, featuring high levels of insulation to ensure comfort year-round. Notably, the groundwork for a conservatory or extension has already been laid at the south end of the barn (subject to planning), providing an ideal foundation for expanding your living space or creating a dedicated home office. The property's layout begins with a central hallway leading to an expansive living room complete with a cozy wood-burning stove and a spacious kitchen/dining area that opens onto the garden—perfect for entertaining or family gatherings. The first floor houses four well-proportioned bedrooms, two enhanced by en-suite shower rooms, along with a family bathroom. Natural light pours in through roof lights, enhancing the overall ambiance. Externally, access is granted via double gates leading into a generous parking area and level garden space primarily laid to grass, offering easy upkeep. The established raised foundations also provide an elevated terrace that could be transformed into an outdoor seating area. Down St Mary is surrounded by picturesque countryside and walking paths, including the renowned ‘Two Moors Way.’ With local amenities within reach and Crediton just a short drive away, this property presents an excellent blend of community living and investment potential.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
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

Down St Mary, Crediton, EX17
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,832
Based on a loan of £375,000 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