3-bedroom semi-detached house · EX9 7HB
For saleListed 44 days
Opportunity summary
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About
Beautifully restored and improved Grade II listed cottage in the heart of the village.
Situation Otterton is a delightful and historic village designated conservation area and positioned within the East Devon National Landscape between Sidmouth and Budleigh Salterton.
The coastal village offers a range of facilities including primary school, church, village hall, community shop along with the renowned Kings Arms public house and popular Otterton Mill which houses a Craft Centre, Bakery & Restaurant.
Spinning Wheel is just 3 miles from Budleigh seafront, and there is a regular bus service from the village to Sidmouth, Budleigh Salterton and Exmouth.
The world heritage Jurassic coastline lies within half mile of the village and the nature reserve at the mouth of the River Otter, famous for its wide variety of bird life, is only about a mile away.
The Cathedral City of Exeter is an easy commute to the west and offers a wide range of facilities, rail links on the Paddington and Waterloo lines, access to the M5 at Junction 30 and Exeter Airport.
Descripition This charming Grade II listed cottage has been thoughtfully refurbished by the current owners, carefully preserving its character while introducing modern comfort.
Particular attention has been given to the integrity of the cob and stone walls, alongside the renewal of the thatched roof.
Internally, the property showcases impressive period features including a striking heavily beamed and quartered ceiling.
The principal reception room is generously proportioned and centered around an attractive fireplace with wood burning stove, complemented by window seats and timber block flooring.
To the rear, the kitchen and breakfast room has been stylishly refitted with a range of semi free standing units and enjoys a pleasant outlook across the garden.
On the first floor there are three well proportioned bedrooms, with two positioned to the front and one to the rear, the latter benefiting from an en suite shower room.
A separate family bathroom serves the remaining accommodation. Outside To the front of the property, attractive planted beds flank the entrance, providing a welcoming approach.
An inset side gate leads through to a charming enclosed walled garden. To the rear, the garden is well enclosed by cob, stone and brick walls, offering a high degree of privacy.
Immediately adjoining the cottage are concrete pathways and a sheltered patio seating area. There is also a timber clad garden shed with a covered section, together with a useful former outside WC.
Services Mains electricity, water and drainage are connected. Oil fired Central heating. Ultra fast broadband up to 1,800 Mbps. Mobile coverage variable outdoors (Ofcom).
The property is in a medium risk zone for flooding but hasn't flooded in our clients ownership.
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.
Area
Agent & docs
FAQ
About Spinning Wheel, 4 Fore Street, Budleigh Salterton
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