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Hookway, Crediton

South West

£650,000
Listed on 08/04/2026

Property Details

Bedrooms
3
Type
Detached
Area
1406 sqft

Description

This detached three-bedroom property, situated in the tranquil hamlet of Hookway in Devon, presents a distinctive opportunity for those looking to invest in a renovation project. Set amidst breathtaking countryside views, the home requires significant updating, making it an ideal canvas for creative homeowners or investors. The layout includes three spacious bedrooms and several reception areas, such as a kitchen equipped with modern units and integrated appliances, and a bright dining room that opens into a generous sitting room featuring a Minster fireplace and French doors leading to the patio. One of the property's standout features is its extensive collection of traditional outbuildings, including an Old Smithy with historical charm and various structures that could be transformed into workshops or additional living spaces (subject to planning permissions). The gardens are beautifully maintained with mature trees and scenic vistas overlooking open fields and nearby golf course. The location combines rural charm with practical accessibility: while nestled in natural beauty ideal for outdoor enthusiasts, it also offers convenient access to local amenities in Crediton and is just a short drive from Exeter's vibrant offerings. This property showcases substantial potential for improvement and expansion (STPP), appealing to those eager to create their dream rural retreat.

Investment Analysis

(EX17 area)

Above Market Value

This property is priced +54.8% above area average per sq ft

+54.8%
This Property
£462/sq ft
Area Average
£299/sq ft
Avg Rent (weekly)
£246
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£461,892
10% above area average per sq ft
Potential ROI
-36.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (EX17)

Area prices are falling by -4.3% over the last 12 months
3 year growth: -12.7%
5 year growth: +5.5%
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

Hookway, Crediton
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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
£2,302
Based on a loan of £487,500 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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