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Lapford, Crediton

South West

£350,000
Listed on 01/03/2026

Property Details

Bedrooms
4
Type
Detached house
Area
1844 sqft

Description

This detached bungalow located in the tranquil village of Lapford offers a remarkable chance for those wishing to create their own living space. With an impressive overall area of approximately 1,844 sq ft, plus an additional garage measuring 239 sq ft, this property is ideally positioned for modernization and reconfiguration according to personal preferences. The layout features a well-sized living room, a study, and a dining room connected to the kitchen—each room presenting opportunities for open plan living or other innovative designs. The upper level comprises four bedrooms, including two spacious doubles and two additional rooms suitable for guests or potentially a home office. The exterior boasts a gated driveway that can accommodate multiple vehicles alongside the considerable garage. The rear garden is primarily laid to lawn, complete with established shrubs and borders—ideal for landscaping or outdoor enhancements. Although the bungalow requires significant updating, its generous proportions and versatile layout make it an excellent candidate for transformation into a modern residence tailored to contemporary living standards. Nestled within the picturesque Devon countryside and enjoying communal amenities such as a pub, school, and local shops, Lapford also offers convenient access to Exeter and Barnstaple. This property not only provides peace but also practical connectivity to larger towns while retaining its serene village charm.

Investment Analysis

(EX17 area)

Below Market Value

This property is priced -36.7% below area average per sq ft

-36.7%
Potential saving
This Property
£190/sq ft
Area Average
£300/sq ft
Avg Rent (weekly)
£259
Avg Yield
3.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£608,419
10% above area average per sq ft
Potential ROI
+38.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
32%
Properties sold annually

Local Market Trend (EX17)

Area prices are stable by -1.9% over the last 12 months
3 year growth: -12.7%
5 year growth: +6.9%
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

Lapford, 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
£1,262
Based on a loan of £262,500 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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