3-bedroom house · EX17 5BZ
For saleListed 96 days
Opportunity summary
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About
Guide Price £350,000 - £375,000 Occupying an enviable position in the heart of the picturesque village of Coleford, Riverside Cottage is a beautifully restored Grade II Listed detached thatched cottage that effortlessly blends period charm with modern comfort.
Over recent years, the property has undergone an extensive programme of sympathetic improvements, carefully designed to preserve its historic character while creating a home suited to modern living.
Works include comprehensive plumbing and heating upgrades, a full electrical rewire, a bespoke handmade kitchen, luxury bathrooms, fitted storage, a renovated self-contained annexe and a newly completed thatch ridge in 2023.
Stepping inside, the welcoming sitting room showcases many of the property's original features, including exposed beams, an impressive inglenook fireplace and a Charnwood multi-fuel stove with back boiler, creating a wonderfully cosy focal point.
The bespoke Howdens kitchen, installed in 2019, has been thoughtfully designed to complement the character of the cottage, featuring solid oak worktops, a breakfast bar and a range of quality integrated appliances, including an AEG washer/dryer, AEG fridge/freezer and Bosch dishwasher.
Natural slate flooring with wet underfloor heating completes this beautifully appointed space, perfectly combining timeless style with modern practicality.
The flexible accommodation currently provides three bedrooms, including a superb principal suite with fitted wardrobes, a dressing area and a beautifully appointed en-suite wet room, refurbished in 2018/19 and featuring twin wash basins, underfloor heating and a contemporary drencher shower.
A further double bedroom also benefits from fitted wardrobes, while the ground floor bedroom offers versatility as guest accommodation, a home office or hobby room, with the potential to reinstate a bathroom, subject to any necessary consents.
Throughout the cottage, significant modernisation includes a complete electrical rewire with new consumer unit, LED lighting, numerous power points with usb charging, integrated television wiring and a comprehensive plumbing and heating system.
The property benefits from zoned wet underfloor heating, cast iron radiators and a thermal store system providing pumped mains-pressure hot water, combining modern efficiency with the character of a traditional cottage.
The self-contained annexe was comprehensively renovated in 2020/21 and offers excellent flexibility for multi-generational living, guest accommodation or holiday letting, subject to any necessary consents.
It provides a valuable additional living space with a range of potential uses to suit individual purchasers.
Outside, the attractive enclosed courtyard garden provides a peaceful setting for entertaining and relaxing, with gated access leading towards the brook that meanders through the village.
The property also benefits from parking for two vehicles, a rare and highly desirable feature for a character home in such a central village location.
Further improvements include treated roof timbers, loft enhancements with retractable ladder access, bespoke fitted storage throughout and the replacement of the thatched ridge in June 2023, reflecting the exceptional care and investment that has gone into maintaining this beautiful home.
Situated within a Conservation Area, Coleford is a thriving Devon village centred around the highly regarded New Inn public house and surrounded by beautiful countryside, whilst remaining conveniently located for Crediton, Exeter and excellent transport links.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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.
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About Riverside Cottage, Crediton
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