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Underhill Crescent, Lympstone, Exmouth EX8 - Image 1
Underhill Crescent, Lympstone, Exmouth EX8 - Image 2
Underhill Crescent, Lympstone, Exmouth EX8 - Image 3

Underhill Crescent, Lympstone, Exmouth EX8

South West

£600,000
Listed on 19/11/2025

Property Details

Bedrooms
4
Type
Detached house

Description

This property offers a rare opportunity to invest in two plots of land situated in the highly desirable village of Lympstone, East Devon. With full planning permission in place for the construction of two bespoke 4-bedroom detached homes, this site is ideally suited for developers or individuals interested in creating their dream residences. Nestled in an elevated position, the land provides impressive panoramic views over the River Exe estuary, making it a prime location to enjoy tranquil sunsets and natural beauty. Each plot has been thoughtfully designed to maximize these stunning vistas, with plans that include first-floor balcony terraces. The development comprises Plot 1, which covers approximately 194m² and Plot 2 at about 217m². Both designs aim to harmonize with the surrounding environment while providing modern living spaces. The sites are well-drained and accessible via a private driveway, with essential services readily available at the entrance. Lympstone is known for its picturesque charm and close-knit community atmosphere. The peaceful setting is just a short walk from local amenities, including historic pubs and a village shop for everyday needs. Families will appreciate the proximity to respected educational institutions such as St Peter's Preparatory School and local primary schools. Additionally, commuting professionals benefit from easy access to Lympstone railway station, which connects directly to Exeter St David's and onward travel to London Paddington. This is an exceptional investment opportunity in a sought-after area with significant renovation potential for self-builders or investors looking to tap into East Devon’s thriving property market. Early inquiries are encouraged for those interested in taking advantage of this unique offering.

Investment Analysis

(EX8 area)
Area Average
£357/sq ft
Avg Rent (weekly)
£288
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£200,000 - £300,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (EX8)

Area prices are rising by +2.5% over the last 12 months
3 year growth: 4.4%
5 year growth: 21.6%
Investment Disclaimer: Analysis based on EX8 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

Underhill Crescent, Lympstone, Exmouth EX8
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,198
Based on a loan of £450,000 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE