2-bedroom bungalow · EX17 3JJ
Listing removedReduced £35k (−14.9%) on 21 JunListed 406 days
Opportunity summary
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About
In the early 1990s work commenced on a new doctors’ surgery and pharmacy in Threshers, Crediton. A stunning contemporary design that won a number of prestigious awards.
The modern buildings were designed to compliment their surroundings, the main section of the pharmacy disappearing into the landscape with the unique turret creating a light filled interior.
Some 30 years later, with the expansion of the town and larger premises needed, the surgery and pharmacy were relocated to a new larger site.
The pharmacy, a detached property set into the hillside with a living roof and stunning circular turret has gained permissions to convert to a detached dwelling.
Comprising of 2 bedrooms and 2 bathrooms, plus an open plan kitchen/dining/living room opening onto the gardens to the south side, its unique design is sure to attract a range of buyers from occupiers to developers.
It’s in a wonderful Western town location with the bus stop nearby and the parking, front garden and dwelling all on the level (the bank behind has the benefit of a number of beautiful mature established trees and offers a wonderful natural feeling to the site).
This is an amazing opportunity to create your unique mini grand design in a great location that will appeal to many.
The suggested layout could be altered to suit (stp) and it may be possible to extend but planning permission would need to be sought.
Offers are invited for the freehold purchase of the site with vacant possession. 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.
Please see the floorplan for room sizes.
Current Council Tax: Band tbc – Mid Devon Approx Age: 1990’s original build Construction Notes: Standard Utilities: Mains electric, water, telephone & broadband Drainage: Mains Heating: None Listed: No Conservation Area: No Tenure: Freehold Planning Reference: Mid Devon – 24/01272/pncou 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 secondary school with sixth form (Queen Elizabeth’s).
In addition, it boasts a brilliant gym and 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 : For sat-nav use EX17 3JJ and the What3Words address is ///gliders.euphoric.certainly but if you want the traditional directions, please read on.
From Crediton High Street, head towards The Green and at the lights, bear left into Landscore.
Take the next right (at the fork) into Threshers and go all the way to the bottom, pass Landscore school on your left and then take the next driveway on the right.
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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FAQ
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