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Northleigh, Colyton, Devon EX24 - Image 1
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Northleigh, Colyton, Devon EX24

South West

£1,500,000
Listed on 02/04/2026

Property Details

Bedrooms
6
Type
Detached
Area
3324 sqft

Description

Tara Springs is a historic country residence believed to date back to the 17th century, nestled in a picturesque south-facing valley. This unlisted property offers significant potential for renovation and investment, boasting a separate cottage and various outbuildings that could be further developed, subject to local planning permissions. While the tranquil rural location provides a serene escape, it also ensures convenient access to nearby Honiton, Colyton, Exeter, and the beautiful coastline. The house features an expansive layout of over 3,300 sq ft with flexible living spaces distributed across two floors. Characterful period details are complemented by updates made between 2007-2009. Upon entering through the charming timber-framed porch, you will find three spacious reception rooms on the ground floor: an elegant sitting room with a wood-burning stove and garden access through double French doors; a dining room featuring an inglenook fireplace; and a study, all of which offer ample opportunities for modern enhancements. The heart of the home lies within the kitchen/breakfast area and adjoining vaulted garden room accentuated by exposed stonework and direct access to outdoor terraces—perfect for entertaining. The ground floor includes practical amenities like a pantry, utility room, and cloakroom. Upstairs are five well-sized bedrooms; notably, the principal suite has its own en suite bathroom while another bedroom also benefits from en suite facilities. The detached cottage serves as versatile ancillary accommodation with its own private access. It comprises a kitchen/dining area leading into a light-filled sitting room, alongside a generous bedroom and bathroom—ideal for guests or rental possibilities. Set on approximately 12.2 acres of land with diverse outdoor spaces—including rolling lawns, an orchard attracting wildlife and two paddocks ideal for equestrian use—the grounds enhance the property's appeal. Additionally, two substantial outbuildings recently renovated in 2018 offer various uses such as workshops or home offices with possibilities for conversion pending consent. Positioned in East Devon near Colyton—a quaint town with essential amenities—and within easy reach of Exeter's extensive offerings alongside excellent transport links including mainline rail services to London Waterloo and proximity to Exeter Airport. This property not only radiates charm but also presents numerous avenues for further development both within the existing structure and surrounding land.

Investment Analysis

(EX24 area)

Above Market Value

This property is priced +22.9% above area average per sq ft

+22.9%
This Property
£451/sq ft
Area Average
£367/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
Target Value
£1,342,264
10% above area average per sq ft
Potential ROI
-18.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
6
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (EX24)

Area prices are falling by -3.0% over the last 12 months
3 year growth: +5.4%
5 year growth: +27.4%
Investment Disclaimer: Analysis based on EX24 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

Northleigh, Colyton, Devon EX24
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£5,313
Based on a loan of £1,125,000 over 30 years at 3.91% 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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