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Western Road, Crediton

South West

£155,000
Listed on 12/02/2026

Property Details

Bedrooms
2
Type
Semi-detached house
Area
628 sqft

Description

This semi-detached bungalow, part of a historically rich property that originated as a workhouse in the 1830s, offers a unique opportunity for investors and buyers looking to add value. Previously converted into apartments, this structure combines character with the potential for modern enhancements. The existing layout includes a kitchen, lounge, two bedrooms, and a bathroom, all set within a tranquil community environment with access to communal grounds and dedicated parking. Notably, there is potential for extending into the loft space pending planning permission, providing further scope to increase living space or value. Located in Crediton—a charming Mid Devon market town just 7.5 miles from Exeter—this property benefits from good transport links and local amenities. This presents an excellent opportunity for those ready to remodel or expand on its historical framework.

Investment Analysis

(EX17 area)

Below Market Value

This property is priced -18.8% below area average per sq ft

-18.8%
Potential saving
This Property
£247/sq ft
Area Average
£304/sq ft
Avg Rent (weekly)
£235
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£210,072
10% above area average per sq ft
Potential ROI
+7.7%
After renovation
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

Western Road, Crediton
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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
£559
Based on a loan of £116,250 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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