Dunchideock
South West
£500,000
Listed on 20/10/2026
Listed on 20/10/2026
The listing
Property details
Bedrooms
5Type
DetachedArea
3391 sqftFeatures
- Garden
Description
A detached rural bungalow on a plot of approximately 0.8 acres, offered with conditional planning permission for demolition of the existing Woolaway bungalow and garage and construction of a replacement home. The approved design is for a dwelling of approximately 315 sqm with an attached double garage and carport. The existing property is described as having five bedrooms, while the consent relates to a new self-build home.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
61out of 100
Grade CPotential opportunity
Confidence: LOW
At £500,000, the asking price is exceptionally low against the local £/sqf benchmark, making this an attractive acquisition proposition on the price comparison. The standout is the 0.8-acre elevated plot, with mature trees and countryside views towards Exeter and Dartmoor, plus conditional planning permission to replace the existing bungalow with an approximately 315 sqm home and attached double garage/carport.
This is best viewed as a substantial self-build or redevelopment project rather than a straightforward renovation: the existing bungalow’s interior condition is not established by the photos, and the approved scheme involves demolition and a new build. The planning conditions, £59,490 CIL (with a self-build exemption potentially available), and the need for a bore hole and sewage treatment plant all need careful checking. The score is C overall: the price and site are compelling, while renovation economics remain limited by the lack of a works estimate.
Key opportunities
- Use the conditional permission as the starting point for a bespoke replacement home of approximately 315 sqm, with an attached double garage and carport.
- Create a private rural setting on the 0.8-acre elevated plot, making use of its mature trees and open views towards Exeter and Dartmoor.
- Acquire at an asking price that is exceptionally low against the local £/sqf benchmark.
Key risks
- Demolishing the bungalow and garage and delivering a new 315 sqm home is a full redevelopment programme, not a cosmetic refresh; budget and programme need to reflect the scale of the build.
- The existing bungalow’s interior condition is not evidenced in the photos, and the building fabric and roof are not shown in close detail.
- Confirm the planning conditions, CIL liability and service arrangements, including installation of a bore hole and sewage treatment plant.
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Finance
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Illustrative repayments based on the asking price, not a mortgage offer.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£1,889
Based on a loan of £375,000 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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