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Drewsteignton, Exeter, Devon

South West

£125,000
Listed on 02/05/2026

Property Details

Bedrooms
2
Type
Semi Detached
Area
532 sqft

Description

Nestled in the friendly village of Drewsteignton, Church View Cottage presents a unique opportunity for those seeking a project with significant potential. This charming character home, located just off the main square, is surrounded by historical architecture, including a stunning Grade I listed church and local amenities such as a neighborhood shop. The property boasts a private paved garden, ideal for outdoor gatherings, bordered by mature shrubs that create a tranquil retreat. A timber shed adds practical storage space to the outdoor area. Inside, the cozy kitchen/reception room is enhanced by a wood burner, providing warmth and charm. While the kitchen is functional with built-in appliances and ample storage, there is an opportunity to modernize this space according to your preferences. An inner hallway leads to a ground-floor shower room and a second bedroom that overlooks the garden and features a generous walk-in storage cupboard. Upstairs, the main double bedroom benefits from multiple windows offering picturesque views of the surrounding countryside and village. It includes additional storage solutions that could be further optimized during renovations. This cottage not only serves as an inviting home for first-time buyers but also stands out as an investment prospect or serene weekend getaway near Dartmoor National Park. Potential buyers should note the property has shared rights for essential services like water supply and drainage via adjoining land, which may require future formal arrangements with lenders; thus, cash purchasers are preferred. Independent legal advice is recommended before proceeding with any offers.

Investment Analysis

(EX6 area)

Below Market Value

This property is priced -32.8% below area average per sq ft

-32.8%
Potential saving
This Property
£235/sq ft
Area Average
£350/sq ft
Avg Rent (weekly)
£253
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£204,615
10% above area average per sq ft
Potential ROI
+24.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (EX6)

Area prices are falling by -2.7% over the last 12 months
3 year growth: -11.9%
5 year growth: +2.3%
Investment Disclaimer: Analysis based on EX6 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

Drewsteignton, Exeter, Devon
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£446
Based on a loan of £93,750 over 30 years at 3.97% 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.

Stamp Duty Calculator

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