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See how verdicts work2-bedroom house · EX17 5BU
Listing removedListed 184 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated just off the A377 between Crediton and Copplestone is the small hamlet of Knowle, known for its easy access and pretty houses, it’s a popular destination for many for being full of character without being isolated down miles of county lanes.
Butterchurn Cottage is set back from the road in its own gardens and borders farmland to the rear. It’s a real one off.
While it’s only 2 bedrooms, the master bedroom could be sub-divided to create a 3rd but for the right buyers, the large first floor bedroom with the ensuite would work well.
The house is Grade II listed and has mains services including water, electric, broadband and gas plus a modern treatment plant for the waste.
Built of cob with a thatched roof, it’s typical of a traditional Devon home.
The layout of the property makes the most of the larger ground floor space on offer with a useful entrance porch leading into the main living space, a large room with a stunning inglenook fireplace that is the focus of the room.
There’s plenty of room for sofas and table and chairs for flexibility in the layout. There’s a kitchen across the rear which is well fitted and there’s a door to the garden.
The second bedroom is also on the ground floor with an additional walk in store/study area. To complete the ground floor is a utility room and WC.
On the first floor is the main bedroom, a great room with plenty of space and from here, there is a door to the ensuite.
It’s worth noting that a corridor could be installed to separate the bedroom from the bathroom should it be preferred (stp).
Outside, from the road, access is gained via electric gates which add to the privacy and security of the property.
There’s off-road parking for 3/4 vehicles and an outbuilding (former garage) which is now a store and home office/studio, ideal for working from home with power and light.
The gardens are multi level with various seating areas, ponds and well stocked beds with an abundance of plants and shrubs.
Agents Note: There is a track with access to the adjoining field which runs between the house and outbuilding. Although not often used, it isn’t part of the ownership of Butterchurn Cottage.
Please see the floorplan for room sizes.
Current Council Tax: Band C - Mid Devon 2023/24 - £1987.84 Utilities: Mains electric, gas, water, telephone & broadband Broadband within this postcode: Superfast Enabled Drainage: Private drainage Heating: Mains gas central heating Listed: Yes – Grade II Tenure: Freehold Note: The property was formerly called Knowle Lake.
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. Knowle is a hamlet formed by a small number of historic properties.
The settlement sits amid hilly farmland but is just 3 miles from the market town of Crediton which is packed full of local shops and amenities.
Nearer still is the larger village of Copplestone with its active community, well regarded primary school (ofsted Good), shop with Post Office, and farm shop.
Copplestone also has train and bus services to Crediton and Exeter.
Copplestone is a popular choice with families who favour its ofsted good primary school and excellent transport services that make commuting East or West a breeze.
It’s also home to the award winning Copplestone Farm Shop as well as an everyday convenience store with Post Office. There’s also a thriving community scene offering a range of activities and events.
Originally a traditional farming hamlet, the village has grown over the years and now offers a wide range of homes at the centre of which stands the 3m carved granite cross of Saxon origin.
Directions : For sat-nav use EX17 5BU and the What3Words address is ///shuttered.field.spreading but if you want the traditional directions, please read on.
From Crediton High Street head towards Copplestone and after approx. 2.5 miles, the cottage will be found on the right, opposite the turning signed to Knowle.
If you reach Copplestone, you’ve gone too far. For viewings, we suggest you approach from Copplestone direction so that it’s easier to join the road on departure.
If you are traveling from Crediton, go past the cottage and you can turn in the layby on the right and approach from the other direction.
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 Butterchurn Cottage Knowle, Crediton
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