Higher Road, Crediton, EX17
South West
£250,000
Listed on 07/10/2026
Listed on 07/10/2026
The listing
Property details
Bedrooms
4Type
Not SpecifiedDescription
George Hill Reservoir is a former 100,000-gallon water reservoir on an elevated site at the edge of Crediton. The existing structure measures approximately 13.65m by 13.85m internally and is around 4.1m deep. A previous full planning permission covered conversion and extension to a single dwelling and is understood to have been implemented. A revised design has since been prepared, with a sale proposed subject to approval of that scheme. Buyers should confirm the planning position and requirements with Mid Devon District Council and their professional advisers.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
43out of 100
Grade ELow opportunity
Confidence: LOW
This is a substantial, construction-stage conversion project rather than a finished home: the former reservoir offers an unusually large existing structure, an elevated position and far-reaching town and countryside views. The proposed contemporary design—with extensive glazing and a dramatic living space above the historic structure—shows the potential to create a distinctive four-bedroom home, but the design images are illustrative and delivery is not yet verified. The revised scheme is subject to approval, so confirming the planning position and structural feasibility is central to assessing the opportunity.
The overall score is low, with limited condition and economics scores reflecting the scale of the unfinished project and the lack of information needed to assess renovation economics. Floor area is missing, so value versus local £/sq ft cannot yet be judged. The photographs show exposed roof surfaces, materials and equipment as part of the construction-stage site; they do not by themselves establish disrepair.
Key opportunities
- Rework the substantial reservoir structure into a distinctive home, using its scale and multiple levels to shape the layout.
- Develop the proposed upper living space and extensive glazing to make the most of the elevated views across Crediton and the surrounding countryside.
- Create a contemporary design that retains and contrasts with the historic reservoir structure.
Key risks
- The construction-stage site, exposed roof surfaces and unfinished works point to a substantial budget and programme beyond a cosmetic refresh; no renovation range is available to size that commitment.
- The revised scheme still requires approval, and the structural feasibility of the conversion needs confirmation.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£944
Based on a loan of £187,500 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.
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