4-bedroom house · EX17 2ED
Sold STCListed 182 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
At the western end of the market town of Crediton is a small residential cul-de-sac called Chapel Downs Drive.
It’s tucked away off Alexandra Road and ideally located close to bus stops and within walking distance of primary and secondary schools.
Built in the late 1960’s and very well maintained since with many upgrades, this home offers a good amount of space in a desirable location.
Downstairs is a spacious lounge, full of light from the large windows, an inset feature electric fire and doors leading out to the patio area.
There is a separate dining room and a good sized kitchen with double eye level oven, induction hob and space for a dishwasher.
The utility room with sink and space for washing machine is a great size with a handy cupboard space and WC, there’s a door from here also leading outside to the patio area.
Upstairs is the master bedroom with an array of fitted wardrobe space along with a shower cubicle.
There is a further double to the front also with fitted wardrobes and two south-facing double bedrooms to the rear.
The family bathroom has floor to ceiling tiles with white suite bath with shower over and vanity sink unit.
There is gas central heating and uPVC double glazing throughout Outside to the front is a drive with off-road parking for 2 vehicles and an easy to maintain garden with lawned area and shrub borders.
The garage is large with an up and over door and has power, light and water.
The rear garden can be accessed both sides of the property and has a wonderful large tiled patio area running the full length of the house, bringing the feeling of an extended living space in the summer.
This area is edged with metal decorative railings with steps down to the lawned area surrounded by shrubs and trees.
Agents Notes: The plot would easily accommodate an extension to the side (previous planning lapsed) Please see the floorplan for room sizes.
Current Council Tax: Band E - Mid Devon Utilities: Mains electric, gas, water, telephone & broadband Broadband within this postcode: Ultrafast 1000mbps Drainage: Mains drainage Heating: Mains gas central heating Listed: No Conservation Area: No Tenure: Freehold Buyers’ Compliance Fee Notice - Please note that a compliance check fee of £25 (inc.
VAT) per person is payable once your offer is accepted. This non-refundable fee covers essential id verification and anti-money laundering checks, as required by law.
Crediton An ancient market town, with a contemporary feel – only a short, 20-minute drive nw from the city of Exeter.
Set in the Vale of the River Creedy, amongst gentle, rolling hills and verdant pastures. Sincerely picture postcard.
Once the capital of Devon, Crediton is famed for its inspiring sandstone church and for being the birthplace of Saint Boniface in 680 ad.
Its high street is a vibrant place, abuzz with trade –artisan coffee shops, roaring pubs, a farmers’ market and bakeries, jam-packed with mouthwatering delights.
For those commuting it has hassle free transport links into Exeter and for schooling a prestigious community college (Queen Elizabeth’s).
In addition, it boasts a brilliant gym & leisure centre for New Year’s resolutions, three supermarkets for the weekly shop and a trading estate for any practical needs.
All neatly held in a single valley. Directions From Crediton High Street take the A377 in a westerly direction.
At the entrance to the hospital, take a right turn onto Alexandra Road and then left on to Chapel Downs Road. The next left will be Chapel Downs Drive and number 1 can be found on the left.
What3Words: ///pipeline.instincts.skyrocket EPC Rating: D
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 1 Chapel Downs Drive, Crediton
Explore nearby