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Mill Street, Crediton, EX17

South West

£110,000
Listed on 14/03/2026

Property Details

Bedrooms
2
Type
Detached house
Area
509 sqft

Description

This two-bedroom cottage situated on Mill Street presents a unique opportunity for those looking to invest in a renovation project. Located within a short walk from local shops and public transport in Crediton, the property is currently vacant and ready for complete refurbishment. The interior offers significant potential for reconfiguration, allowing buyers to modify both the layout and finishes to reflect their personal style. One of the standout features is the charming inglenook fireplace in the living area, which could be a focal point in any future design. Additionally, the enclosed garden provides a manageable space that can be landscaped or reimagined according to your vision. With careful planning and execution, this cottage can be transformed into a comfortable home conveniently located in a vibrant market town known for its rich history and community spirit.

Investment Analysis

(EX17 area)

Below Market Value

This property is priced -28.0% below area average per sq ft

-28.0%
Potential saving
This Property
£216/sq ft
Area Average
£300/sq ft
Avg Rent (weekly)
£259
Avg Yield
3.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£167,942
10% above area average per sq ft
Potential ROI
-1.2%
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

Mill Street, Crediton, 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
£397
Based on a loan of £82,500 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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