2-bedroom house · EX6 6ER
For saleReduced £25k (−5.9%) on 8 AugListed 121 days
Opportunity summary
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About
A rare opportunity to acquire approximately 11 acres of picturesque Devon countryside, comprising a mix of natural woodland and paddocks, situated in a peaceful and private rural setting close to Dartmoor National Park and within easy reach of Exeter.The property includes an existing two-bedroom timber chalet offering comfortable off-grid living, together with a delightful summer room enjoying far-reaching views across the surrounding countryside.
The chalet benefits from solar-generated electricity, a private borehole water supply, a log-burning stove and bottled gas heating.Set within an exceptionally peaceful and secluded location, the land offers excellent potential for a small-scale agricultural enterprise, equestrian use or lifestyle farming, subject to any necessary consents.
Despite its tranquillity and privacy, the property remains conveniently accessible, being just a short distance from Exeter and nearby villages and amenities.Planning permission was granted in 2022 for the construction of an agricultural barn with mezzanine level (Reference: 21/02539/FUL).
Although this permission has now expired, it may offer future potential for reapplication, subject to planning approval.The existing chalet benefits from planning permission granted in May 2024 as a temporary agricultural dwelling (Reference: 23/01556/FULL).
Prospective purchasers should note that occupation of the dwelling is subject to an Agricultural Occupancy Condition (Agricultural Tie), requiring the occupier to be engaged in and need to reside on the holding for the purposes of an agricultural business.
The current consent remains valid, and any purchaser wishing to rely on this permission would need to commence the approved agricultural use within the required timescales.The property further benefits from two yard areas providing extensive parking and storage space, with capacity for approximately 10–20 vehicles.LocationThe property is located near the sought-after village of Cheriton Bishop and lies approximately one mile north of Dartmoor National Park, offering immediate access to some of Devon's most stunning countryside, walking routes and outdoor pursuits.
It is also conveniently situated within easy commuting distance of Exeter. What3Words: ///custodial.reeling.teachersProperty InformationTenure: Freehold. Council tax band: A.
Value & comps
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Returns
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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.
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About 11 Acres with Off-Grid Chalet and Agricultural Potential – Near Cheriton Bishop, Devon
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