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Zeal Monachorum, Crediton, Devon EX17 - Image 1
Zeal Monachorum, Crediton, Devon EX17 - Image 2
Zeal Monachorum, Crediton, Devon EX17 - Image 3

Zeal Monachorum, Crediton, Devon EX17

South West

£450,000
Listed on 30/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property offers a significant residential development opportunity with an existing planning permission for the demolition of several agricultural buildings and the construction of three new detached homes, comprising two four-bedroom and one three-bedroom dwelling. Set within approximately 2.5 acres in a tranquil rural area of Mid Devon, Lower Newton Farm Buildings feature around 17,000 sq ft of versatile space. Located just 1.5 miles from Zeal Monachorum and a short drive to North Tawton and Bow, the site benefits from accessibility to local amenities while also being conveniently positioned for larger services in Crediton, about 10 miles away. With mains water and electricity available nearby, this site is primed for redevelopment. Additionally, changes to permitted development rights could allow for further conversion opportunities of the existing structures, providing potential for increased investment returns depending on planning outcomes. This project presents a unique chance for visionaries looking to capitalize on rural residential growth.

Investment Analysis

(EX17 area)
Area Average
£300/sq ft
Avg Rent (weekly)
£259
Avg Yield
3.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£450,000 - £650,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
32%
Properties sold annually

Local Market Trend (EX17)

Area prices are stable by -1.9% over the last 12 months
3 year growth: -12.7%
5 year growth: +6.9%
Investment Disclaimer: Analysis based on EX17 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

Zeal Monachorum, Crediton, Devon EX17
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,623
Based on a loan of £337,500 over 30 years at 4.06% 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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