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Northleigh, Colyton, Devon

South West

£1,500,000
Listed on 01/04/2026

Property Details

Bedrooms
6
Type
Detached
Area
4523 sqft

Description

Tara Springs, a remarkable country residence with roots tracing back to the 17th century, is nestled in a picturesque south-facing valley surrounded by stunning countryside. This property features not only a main house with rich character and history but also includes a separate cottage and various outbuildings, presenting significant potential for further development or renovation (subject to planning permissions). Ideally situated in a tranquil rural landscape while remaining conveniently connected to local amenities in Honiton and Colyton, as well as coastal attractions and Exeter, this location offers the best of both worlds. The main residence boasts over 3,300 sq ft of versatile living space distributed across two bright floors. While certain areas were updated between 2007-2009, there remains ample opportunity for modernization and enhancement. Entering through the charming timber-framed porch, you will find three spacious reception rooms that exude warmth and charm—the elegant sitting room features a fireplace with a wood-burning stove and opens onto the garden via double French doors; the dining room showcases an inglenook fireplace; and there’s also a study for quieter moments. The heart of the home is undoubtedly the kitchen/breakfast area that flows into a vaulted garden room—ideal for those who appreciate open-plan living that merges indoor and outdoor spaces seamlessly. Upstairs comprises five generously sized bedrooms, including a principal suite with an en suite bathroom and another bedroom also benefiting from similar facilities. The remaining bedrooms share access to a family bathroom. The detached cottage serves as valuable ancillary accommodation or could be converted into additional living space or rental units. This cottage includes its own kitchen/dining room, sitting area, bedroom with storage, cloakroom, and bathroom. The expansive grounds encompass formal gardens interspersed with informal lawns, an orchard brimming with fruit trees, and two paddocks accessible from the lane—perfect for equestrian use or livestock grazing. There is significant potential here for planting or landscaping improvements. Two substantial outbuildings renovated in 2018 provide further avenues for investment—these structures can serve multiple purposes such as workshops or conversion into residential spaces with proper consents. This property spans approximately 12.2 acres of land in East Devon's serene countryside near Colyton—a charming town offering essential services. The nearby Jurassic Coast World Heritage Site features breathtaking scenery just minutes away by car. Additionally, quick transport links enhance accessibility to Exeter's urban conveniences. Tara Springs represents not only a home but also an opportunity to invest in expanding your vision amidst beautiful surroundings.

Investment Analysis

(EX24 area)

Below Market Value

This property is priced -9.7% below area average per sq ft

-9.7%
Potential saving
This Property
£332/sq ft
Area Average
£367/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
Target Value
£1,826,433
10% above area average per sq ft
Potential ROI
+10.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
6
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (EX24)

Area prices are falling by -3.0% over the last 12 months
3 year growth: +5.4%
5 year growth: +27.4%
Investment Disclaimer: Analysis based on EX24 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

Northleigh, Colyton, Devon
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£5,313
Based on a loan of £1,125,000 over 30 years at 3.91% 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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