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Chenson, Chulmleigh, EX18

South West

£225,000
Listed on 03/05/2026

Property Details

Bedrooms
2
Type
Terraced
Area
1075 sqft

Description

This charming two-bedroom mid-terrace stone cottage presents a unique opportunity for renovation in a peaceful rural setting near Eggesford Forest. With its first appearance on the market in over 70 years, this property offers a blank canvas for potential buyers looking to invest in a home that allows for future customization. The interior features a straightforward layout with high ceilings in the main lounge, accented by a stone fireplace and an efficient Woodwarm woodburning stove with back boiler heating system. Both bedrooms, one double and one single, enjoy southern exposure and pleasant views of the garden. Although the bathroom includes essential amenities, it would greatly benefit from modern updates. Outside, the expansive south-facing front garden provides ample space for your landscaping ideas or outdoor seating arrangements. The large garage, greenhouse, storage shed, and off-road parking further enhance the property's functionality. While currently requiring some updates throughout, this cottage is ideal for buyers who value potential over perfection and are seeking to make meaningful changes over time while enjoying the benefits of serene countryside living.

Investment Analysis

(EX18 area)

Below Market Value

This property is priced -25.4% below area average per sq ft

-25.4%
Potential saving
This Property
£209/sq ft
Area Average
£281/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£331,987
10% above area average per sq ft
Potential ROI
+25.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
4
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (EX18)

Area prices are falling by -19.1% over the last 12 months
3 year growth: -16.5%
5 year growth: -3.8%
Investment Disclaimer: Analysis based on EX18 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

Chenson, Chulmleigh, EX18
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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
£803
Based on a loan of £168,750 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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