3-bedroom semi-detached house · EX15 3LW
Sold STCListed 21 days
Opportunity summary
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About
To be sold by online auction by 247 Auctions in early November (date to be confirmed): An exciting opportunity to completely renovate a classic, period cottage, with the benefits of a large garden and parking space, lying in the rural hamlet of Craddock, between Uffculme and Culmstock.
Lowmoor Cottage is a pretty, farmworker's cottage, likely dating back to around 1850 and lying on the rural lane that runs through Craddock, within easy reach of the local amenities of Uffculme, Culmstock and Ashill.
The cottage offers comfortable accommodation with a welcoming atmosphere and some original beams and architectural features and has been a well loved home for our client for over 40 years.
With a move on the horizon, its time for the new owner to remodel and update the cottage in their own taste in readiness for its next chapter as a charming home in a delightful and convenient location.
The garden to rear of the cottage is a prime feature and would be a joy for any keen gardener with its established lawn, trees and shrubs and scope for a 'Ground Force' project to make a beautiful cottage garden.
At the front of the cottage, there is a useful parking space and opposite, down a historic gravel lane, informal, occasional parking. Services: Mains electricity and water.
Sewage treatment plant drainage, shared with the neighbour.
Council Tax: Band C Local Authority: Mid Devon District Council Tenure: Freehold Agents note: Seddons have not surveyed Lowmoor Cottage but believe it to be of cob and stone construction, externally covered with cementitious render.
Important information: All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum (if applicable), which will be available on Auction Day.
Auction legal pack & finance Copies of the legal pack and special conditions of sale are available online to be downloaded, via the tab on the online auction property listing page.
It is the purchaser’s responsibility to make all necessary legal, planning, surveys and finance enquiries prior to the auction.
Price information Guides are provided as an indication of each Seller’s minimum expectation.
They are not necessarily figures at which a property will sell for and may change at any time prior to Auction.
Unless stated otherwise, each Lot will be offered subject to a reserve price (a figure below which the Auctioneer cannot sell the Lot during the Auction).
This reserve figure cannot be higher than 10% above a single figure guide. Please check our website regularly at or contact us on for up to date information.
Following the fall of the hammer contracts are exchanged and there is no going back!
Auctioneer's note: Please refer to all legal documents for this Lot in case any additional fees and reimbursements are listed in addition to the purchase price.
Value & comps
No previous sales on record.
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Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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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
About Lowmoor Cottage, Craddock, Devon
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