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Whitestone, Exeter, Devon, EX4

South West

£1,650,000

Listed on 25/06/2026

Property details

Bedrooms
6
Type
Detached
Area
4206 sqft

Description

Cleave Farm presents a unique opportunity for renovation and investment on an expansive 28-acre estate, featuring a historic character farmhouse and a separate guest cottage. The property, believed to date back to the 17th century, combines traditional charm with modern amenities, but also offers significant potential for updates and improvements. The main farmhouse includes multiple reception rooms, each showcasing original features such as timber screens and inglenook fireplaces. A generous farmhouse kitchen is equipped with an Aga and opens onto an outdoor terrace. The layout could benefit from some reconfiguration to enhance functionality, especially in the utility areas and bathrooms. The attached two-bedroom cottage adds versatility - ideal for guests or rental income - though it may require minor updates to optimize its appeal. Outside, the grounds boast stunning rural views, well-established gardens, equestrian facilities including stables, and various outbuildings that present opportunities for development (subject to planning consent). Given its location near Tedburn St Mary and proximity to Exeter's amenities, this property can be transformed into a remarkable residence or investment venture with thoughtful renovations.

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Investment analysis

(EX4 area)

Above Market Value

This property is priced +19.4% above area average per sq ft

+19.4%
This Property
£392/sq ft
Area Average
£328/sq ft
Avg Rent (weekly)
£288
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
Target Value
£1,519,607
10% above area average per sq ft
Potential ROI
-15.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (EX4)

Area prices are stable by -0.4% over the last 12 months
3 year growth: -1.7%
5 year growth: +10.6%
Investment Disclaimer: Analysis based on EX4 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

Whitestone, Exeter, Devon, EX4
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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
£6,234
Based on a loan of £1,237,500 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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