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Penstone, Colebrooke, Crediton, Devon, EX17 - Image 1
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Penstone, Colebrooke, Crediton, Devon, EX17

South West

£225,000
Listed on 29/01/2026

Property Details

Bedrooms
2
Type
Semi-detached house

Description

Located in the charming hamlet of Penstone, close to the vibrant town of Crediton, this quaint character cottage is part of a lovely terrace of period homes. With two bedrooms and a cozy living room featuring a solid fuel burner, it also includes a modern kitchen and ground floor bathroom. The property presents an exciting renovation opportunity for those wanting to personalize their living space. Some modernization is advisable, especially regarding visible cracks in the end wall, which warrant further evaluation through a structural survey. Externally, the property boasts a well-established garden and off-street parking—making it practical for everyday living. Offered without onward chain, this characterful rural home represents an ideal investment for those seeking tranquility without sacrificing convenience. Penstone is situated within reach of Colebrooke and other local villages offering amenities such as pubs and eateries. The bustling market town of Crediton provides excellent facilities including schools, medical services, independent shops, and recreational activities.

Investment Analysis

(EX17 area)
Area Average
£304/sq ft
Avg Rent (weekly)
£235
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
28%
Properties sold annually

Local Market Trend (EX17)

Area prices are falling by +2.2% over the last 12 months
3 year growth: -10.6%
5 year growth: 8.0%
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

Penstone, Colebrooke, Crediton, Devon, EX17
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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
£811
Based on a loan of £168,750 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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