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Hand & Pen Lane, Whimple, Exeter

South West

£575,000

Listed on 01/06/2026

Property Details

Bedrooms
2
Type
Country House
Area
977 sqft

Description

This two-bedroom bungalow, built in 1956 and family-owned for nearly seven decades, presents a promising renovation opportunity set on a generous 3.56 acres of land. With well-defined gardens, an orchard, and ample pasture space, this property is ideal for equestrian enthusiasts or those seeking a smallholding. The home features light-filled rooms due to its double-glazed windows and offers scenic views of the countryside, which could be enhanced through modernization or expansion. Alternatively, there is potential for redeveloping the site (subject to planning permission) into a new dwelling. Located near the quaint village of Whimple and with convenient access to Exeter and surrounding areas via major roadways and public transport, this property combines rural charm with accessibility. The adjacent adaptable farm buildings further enhance its investment potential, whether for personal use or rental opportunities. A unique chance to create your ideal home in a desirable location awaits.

Investment Analysis

(EX5 area)

Above Market Value

This property is priced +76.5% above area average per sq ft

+76.5%
This Property
£589/sq ft
Area Average
£334/sq ft
Avg Rent (weekly)
£289
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £90,000
Target Value
£358,412
10% above area average per sq ft
Potential ROI
-46.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (EX5)

Area prices are falling by -3.9% over the last 12 months
3 year growth: -3.8%
5 year growth: +3.6%
Investment Disclaimer: Analysis based on EX5 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

Hand & Pen Lane, Whimple, Exeter
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,172
Based on a loan of £431,250 over 30 years at 4.45% 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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