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Hitts Farm, Lilypond Lane, Exeter

South West

£1,250,000
Listed on 27/01/2026

Property Details

Bedrooms
5
Type
Detached house
Area
3520 sqft

Description

Nestled within approximately two acres of serene grounds, this historic Devon long house presents a unique opportunity for both residential enjoyment and development. Accessed via private electric gates, the property features a spacious courtyard accommodating over ten vehicles, introducing a wealth of potential right from the start. Comprising five bedrooms, four reception rooms, and a large traditional barn ripe for redevelopment (pending planning permission), Hitts Farm is ideally suited for families seeking versatile living arrangements or investors looking to capitalize on holiday let opportunities. Constructed in the 1600s, the main dwelling emanates timeless charm with its high ceilings, exposed beams, and original features. The layout is particularly flexible due to its dual staircases, enhancing privacy for family members. The principal bedroom stands out with an en-suite bathroom that rivals modern standards. Meanwhile, the open-plan dining and family room, adorned with vaulted ceilings, is perfect for entertaining. While the interiors have enjoyed some recent updates—such as a well-fitted kitchen featuring contemporary appliances—the expansive barn represents an exciting renovation project that could be transformed into additional living spaces or rental units. Outside, beautifully maintained gardens surround the home alongside ample space for development. With further outbuildings available for conversion under suitable regulations, this property truly embodies opportunity and endless possibilities in a desirable village setting.

Investment Analysis

(EX5 area)

Above Market Value

This property is priced +6.6% above area average per sq ft

+6.6%
This Property
£355/sq ft
Area Average
£333/sq ft
Avg Rent (weekly)
£272
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £150,000
Target Value
£1,290,344
10% above area average per sq ft
Potential ROI
-7.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
48%
Properties sold annually

Local Market Trend (EX5)

Area prices are falling by -4.9% over the last 12 months
3 year growth: -0.5%
5 year growth: +9.2%
Investment Disclaimer: Analysis based on EX5 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

Hitts Farm, Lilypond Lane, Exeter
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£4,508
Based on a loan of £937,500 over 30 years at 4.06% 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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