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Kerswell, Cullompton, EX15

South West

£1,350,000
Listed on 11/09/2024

Property Details

Bedrooms
4
Type
Farm House
Area
2869 sqft

Description

This unique equestrian property offers a detached contemporary home set within 6.5 acres of picturesque grounds, perfect for those seeking to invest in a lifestyle centered around horse riding. The residence includes high-quality features and energy-efficient systems, alongside an established stud farm that contains eight stables and several adaptable outbuildings. Notably, planning permission has been granted for the erection of a separate bungalow, which adds significant development potential to the estate. Entry to the property is through an impressive gated entrance leading up to a stylish block-paved driveway adorned with a water fountain. Inside, the spacious entrance hall welcomes you with underfloor heating and elegant tiled flooring. The heart of the home is a generous country-style kitchen/dining area crafted in oak and ivory tones, complemented by thoughtful under-cabinet lighting that showcases its features beautifully. The open-plan design allows for seamless interaction with guests while enjoying ample natural light from three large windows. The ground floor comprises two sizeable double bedrooms, one being en-suite, along with a study and utility room, making it versatile for family living or potential rental arrangements. Ascending to the first floor reveals an expansive master suite complete with luxurious amenities such as a jacuzzi corner bath and private balcony overlooking the paddocks—ideal for equestrian enthusiasts to keep watch over their animals. Outside, the landscaped garden includes block-paved terraces for outdoor entertaining amidst stunning rural vistas. Various parking areas lead to a substantial barn equipped with power supply, adding functionality for both agricultural or storage needs. With excellent access to local amenities in Kerswell village and nearby market towns, this property presents an exceptional opportunity for renovation and expansion, particularly capitalizing on its existing equestrian facilities and planning consent.

Investment Analysis

(EX15 area)

Above Market Value

This property is priced +55.5% above area average per sq ft

+55.5%
This Property
£471/sq ft
Area Average
£303/sq ft
Avg Rent (weekly)
£229
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£75,000 - £120,000
Target Value
£955,291
10% above area average per sq ft
Potential ROI
-35.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (EX15)

Area prices are falling by -8.0% over the last 12 months
3 year growth: -9.7%
5 year growth: -0.6%
Investment Disclaimer: Analysis based on EX15 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

Kerswell, Cullompton, EX15
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£4,816
Based on a loan of £1,012,500 over 30 years at 3.97% 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.

Stamp Duty Calculator

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