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Cheriton Fitzpaine, Crediton, EX17

South West

£700,000
Listed on 16/05/2026

Property Details

Bedrooms
5
Type
Semi Detached
Area
2217 sqft

Description

Nestled in the undulating countryside of Mid Devon, Cheriton Mill offers an exciting renovation opportunity just outside the charming village of Cheriton Fitzpaine. Known for its vibrant community spirit, historic architecture, and convenient access to larger towns like Crediton and Exeter, this property is well-positioned for those seeking both tranquility and connectivity. The village boasts essential amenities including a shop, two popular pubs, and a modern primary school alongside picturesque walking paths and cycling routes that invite exploration. Originally established as a mill in the 1700s, Cheriton Mill has been thoughtfully converted into a spacious home that harmonizes character with contemporary comfort. Its Georgian façade exudes grandeur while ensuring privacy due to its unique semi-detached structure. Upon entry through the impressive front door, you are greeted by a generous reception hall leading to a sitting room adorned with exposed beams and a feature fireplace that overlooks the gardens. A second reception area serves as an additional snug or sitting room, while the kitchen/dining space serves as the heart of the home, blending rustic charm with modern conveniences—ideal for family gatherings or entertaining. The ground floor also features a utility room and a conveniently located WC with access to the cellar below. The upper level contains five well-proportioned bedrooms, including a principal suite complete with en-suite facilities, all enjoying scenic views of the surrounding countryside and gardens. Set within approximately 1.25 acres of grounds, this property comes with multiple traditional stone barns and outbuildings that hold considerable potential. Currently utilized for storage and workshop space, these structures may be repurposed into ancillary accommodation or creative workspaces upon obtaining necessary consents—making it an attractive proposition for buyers envisioning expansion or diversification. The gardens provide ample space for children to play or for gardening enthusiasts to cultivate their green thumb amidst mature trees and established plantings. A small stream adds to the charm of this property that beckons those interested in transforming it into their dream home while enjoying the quiet pleasures of village life. Importantly, being unlisted allows significant flexibility for improvements or adaptations. This is truly an exceptional opportunity for investors or families looking to create their ideal residence in one of Mid Devon's most desirable locales.

Investment Analysis

(EX17 area)

Above Market Value

This property is priced +5.4% above area average per sq ft

+5.4%
This Property
£316/sq ft
Area Average
£300/sq ft
Avg Rent (weekly)
£251
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£730,878
10% above area average per sq ft
Potential ROI
-8.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (EX17)

Area prices are falling by -5.1% over the last 12 months
3 year growth: -13.6%
5 year growth: +5.2%
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

Cheriton Fitzpaine, Crediton, EX17
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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
£2,497
Based on a loan of £525,000 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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