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Beech Hill House, Morchard Bishop, EX17 - Image 1
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Beech Hill House, Morchard Bishop, EX17

South West

£120,000
Listed on 09/11/2025

Property Details

Bedrooms
1
Type
Detached house

Description

Nestled just outside the sought-after village of Morchard Bishop, this terrace cottage, formerly a dairy, is situated within the tranquil Beech Hill community on a spacious 6-acre site. Its location offers a blend of semi-rural charm and accessibility, with the village's amenities located within approximately a mile. A bus stop conveniently lies at the end of the drive, making travel to nearby towns easy, while numerous scenic walking routes—including the renowned Two Moors Way—are available right from your doorstep. This property presents an excellent opportunity for renovation and investment. The ground-floor layout features an open plan kitchen/lounge area complemented by a WC and separate bathroom. Ascending to the first floor reveals a bedroom that connects to an additional storage or office space, providing potential for customization based on your vision. While some modernization is required, this cottage has all the makings of a cozy home in a picturesque setting. As part of this unique cooperative community at Beech Hill, you have optional access to shared facilities including eco-friendly grounds that encompass a camping paddock and swimming pool (with an annual maintenance fee). This not only enhances the lifestyle appeal but also increases potential investment value through community involvement. The property currently operates on gas heating sourced from bottled gas, with a Victorian open fireplace offering character—though it will need inspection before use. As for utilities, mains electricity and water are available alongside private drainage systems. With 87 years remaining on the leasehold and service charges covering building insurance and exterior maintenance, this cottage offers manageable living costs. The local council tax band is B, and residents can enjoy relatively low overheads while making improvements that could significantly increase property value over time. Morchard Bishop itself boasts a robust community atmosphere with various amenities including a primary school rated 'Good' by OFSTED, an excellent local pub, and a doctor's surgery. Regular events foster social interaction among residents. For broader shopping needs or leisure activities, Crediton and Exeter are easily accessible via public transport or by car. If you’re looking for an investment opportunity with strong renovation potential in a friendly rural setting, this property is worth considering as it combines both lifestyle benefits with advantageous prospects for growth in this charming corner of Devon.

Investment Analysis

(EX17 area)
Area Average
£302/sq ft
Avg Rent (weekly)
£241
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£10,000 - £20,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
10
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (EX17)

Area prices are falling by +3.0% over the last 12 months
3 year growth: -9.3%
5 year growth: 15.6%
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.

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Location

Beech Hill House, Morchard Bishop, EX17
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