Worst House on the Street Logo
Ashreigney, Chulmleigh, EX18 - Image 1
Ashreigney, Chulmleigh, EX18 - Image 2
Ashreigney, Chulmleigh, EX18 - Image 3

Ashreigney, Chulmleigh, EX18

South West

£575,000

Listed on 29/08/2026

The listing

Property details

Bedrooms
3
Type
Not Specified
Area
3045 sqft

Description

West Meadows presents a unique opportunity to acquire a manageable smallholding set in a tranquil rural location, extending over eight acres. This detached bungalow is complemented by stable facilities, a large manège, and useful outbuildings, making it ideal for equestrian pursuits or hobby farming. The property boasts stunning south-facing views of the Devon countryside, providing a peaceful retreat with plenty of space and privacy. While the bungalow offers comfortable accommodation, it is in need of some updating, allowing the new owner to modernise and personalise it to their tastes. The flexible layout has evolved over time, presenting opportunities for adaptation to meet individual needs. Notably, the former garage has been converted for family use without planning permission, which has been factored into the asking price. This could allow for multi-generational living or the creation of ancillary accommodation, subject to necessary consents. The principal living areas take full advantage of the rural outlook, while the kitchen and utility spaces provide essential practicality for country living. The property is equipped with mains water, a modern sewage treatment plant, and oil-fired central heating. Outside, West Meadows shines with extensive parking suitable for multiple vehicles and horseboxes. The stable block includes tack and feed storage, and the large manège offers excellent year-round riding facilities. The level pasture is enclosed by traditional Devon hedgebanks, making it both visually appealing and practical for various uses. A significant aspect of this property is its planning position; originally constructed under an Agricultural Occupancy Condition, it now holds a Certificate of Existing Lawful Use for unrestricted residential occupation. Prospective buyers should conduct their own legal inquiries regarding this certificate and any future use of the property. In summary, properties like West Meadows—offering a combination of land, facilities, privacy, and potential—are increasingly rare. Whether your ambitions are equestrian, agricultural, or lifestyle-focused, this property presents a remarkable opportunity to create something truly special in a beautiful rural setting.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

59out of 100
Grade DWeak opportunity

Confidence: LOW

West Meadows presents a unique opportunity to acquire a spacious detached bungalow set on just over eight acres in a stunning rural location. The asking price of £575,000 is exceptionally low at £189/sqft compared to the local average of £277/sqft, making this an appealing prospect for buyers looking to invest in a property with potential. Although the interiors are dated and would benefit from modernisation, this provides a blank canvas for new owners to update according to their tastes and needs. The flexible layout and the property's extensive land offer room for creative renovations, especially for those interested in equestrian activities or hobby farming.

The exterior and roof are in good condition, which is a strong foundation to build upon, while the garden and outdoor facilities enhance the overall appeal of the property. However, it's important to note the existence of unpermitted alterations which may require attention. With the right vision, this property could be transformed into a dream rural retreat, capitalising on its serene setting and ample space. Overall, while the project may require investment in updating, the low purchase price relative to the local market makes this a worthwhile opportunity for those ready to take on the challenge.

Key opportunities

  • Spacious detached bungalow with extensive land suitable for equestrian or smallholding interests.
  • Flexible layout allows for personalisation and potential for multi-generational living.
  • Private rural setting with stunning views and ample outdoor facilities.

Key risks

  • Unpermitted alterations may need to be addressed.

Unlock the full analysis

Sign up to see the refurb profile, below-market value, yields, and local market trends for this and every other property that has them.

Sign up free

Already have an account? Sign in

Map

Location

Ashreigney, Chulmleigh, EX18
Loading map...

Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
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.

Tax

Stamp duty calculator

Indicative tax based on the asking price and the options you select.

Services

Next steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.

Allcott Associates