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Mill Street, Crediton EX17 - Image 1
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Mill Street, Crediton EX17

South West

£110,000
Listed on 15/03/2026

Property Details

Bedrooms
2
Type
Cottage
Area
509 sqft

Description

This two-bedroom cottage is situated in the heart of Crediton, just a short stroll from local shops and transport links. The property presents an exciting opportunity for complete renovation, making it ideal for those looking to invest in a project that allows for customization to match personal tastes. With an inglenook fireplace serving as a charming focal point in the primary living area, there's ample character to build upon. The outdoor space consists of a manageable enclosed garden, ripe for landscaping or reconfiguration according to individual preferences. Currently vacant, this cottage is ready for immediate refurbishment, providing a blank canvas to create a modernized home within this conveniently located town. Crediton's vibrant community offers a mix of amenities and cultural activities, enhancing the potential value of this investment.

Investment Analysis

(EX17 area)

Below Market Value

This property is priced -28.0% below area average per sq ft

-28.0%
Potential saving
This Property
£216/sq ft
Area Average
£300/sq ft
Avg Rent (weekly)
£259
Avg Yield
3.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£167,942
10% above area average per sq ft
Potential ROI
+5.0%
After renovation
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

Mill Street, Crediton EX17
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£397
Based on a loan of £82,500 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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