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See how verdicts work3-bedroom terraced house · EX17 1AB
For saleListed 29 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Reserve the final 3 bed Shared Ownership house & get £2,000 cashback to help with your move* View this home 40% shared ownership, three-bedroom mid-terrace home.
Featuring a well-appointed kitchen, generous living room/diner, three bedrooms, a family bathroom, downstairs W.C, and with a rear garden and allocated parking.
Plot 45 Libbets Grange - Available now at £118,000 for a 40% share, view this Shared Ownership three-bedroom mid-terrace house. The Tillman is a home that perfectly balances style and practicality.
Step into a welcoming entrance hallway that leads to a well-appointed kitchen, ideal for everyday living.
Spanning the rear of the home, a generous living/dining area creates a bright, open space for relaxing or entertaining, with direct access to your own private, enclosed garden - perfect for outdoor dining or family time.
Upstairs, you’ll find three well-proportioned bedrooms, contemporary family bathroom + a handy storage cupboard to keep everything organised.
Whether you’re a growing family or simply looking for extra space to suit your lifestyle, this home offers comfort, functionality, and room to grow.
Dimensions Kitchen approx 3.4m x 3.1m Living room/diner approx 4.8m x 5.1m Bedroom One approx 4.8m x 2.9m Bedroom Two approx 2.6m x 4.7m Bedroom Three approx 2.2m x 3.7m Financial Breakdown Full market value: £295,000 40% share value: £118,000 5% deposit: £5,900 Rent charged on un-owned share: 2.75% Monthly Rent on un-owned share (60%) £405.63 Estimated monthly service charges £55.00 pcm to include building insurance.
About Libbets Grange Welcome to Libbets Grange, a collection of homes arriving soon on the edge of Crediton, Devon.
Nestled just a short stroll or cycle from the heart of town, you’ll enjoy rural peace with all the perks of village life on your doorstep.
Pop into nearby supermarkets, wander into Crediton’s Creedy Centre for cafés, shops & essentials, or explore Shobrooke Park for riverside walks & fresh air.
Good schools like Hayward’s Primary are within reach as well as Queen Elizabeth’s Grammar School.
The local train station sits just a 4-minute drive away, linking via the Tarka Line to Exeter & beyond. Road access is equally strong: You're under 30 minutes from the M5.
Regular bus services also connect into town. What Is Shared Ownership? The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment.
With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase.
The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright.
When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
Qualifying Criteria - As long as you are over 18 - Your household income is less than £80,000 - And you don’t already own a home at the time of buying your shared ownership property ...
Then Shared Ownership could be right for you! How Does Shared Ownership Work You buy a share in your home that’s right for you. That could be from 40% up to 75% initially.
You’ll pay a reduced rent to us on the share we own and a monthly service charge.
As your finances allow, you can buy further shares in your home as and when you choose, meaning you’ll own more and pay less rent.
Typically, you’ll only need a deposit that is 5% of the value of your share, rather than of the total property value, meaning you could get moving sooner than you thought.
Shared Ownership generally costs less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.
Agents Note Please note, as a Shared Ownership purchase there are likely to be additional legal fees during the conveyancing process, your solicitor can advise you of these.
Disclaimer o Deposits start from 5% of your chosen share value, illustrated deposit only and depends on lender and product availability. O Share percentage advertised is an example.
Please note, images have been used for illustrative purposes only. Specification, layout and finish may be subject to change. *T&Cs apply.
Offer only valid on Plot 45 at the Libbets Grange development, Crediton if reserved by 30/09/2026 . Subject to availability, and for a limited time only.
£2,000 incentive will be received as cashback to your bank account provided (please note there is a 7-10 working day lead time) after successful exchange within your exchange timeframe, and completion of the home.
Applicable to new reservations only. Incentive not available in conjunction with any other offers. We reserve the right to withdraw this offer at any time
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Plot 45 - Libbets Grange,, Common Road, Crediton
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