4 × 4-bed dwelling + 2 × 3-bed dwelling · EX16 8DT
For saleListed 42 days
Opportunity summary
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About
An excellent development site with full planning consent for 6 impressive detached properties in the village of Rackenford, with attractive countryside views.
Situation The charming village of Rackenford offers a peaceful rural setting with a strong sense of community, while still being conveniently located for access to nearby towns.
The village benefits from a traditional pub, church, childrens nursery and primary school, with a wider range of shops, supermarkets, health facilities, and secondary schooling available in the nearby market town of Tiverton, just 8 miles away.
Tiverton also offers leisure amenities including a sports centre, swimming pool and golf course.
The surrounding countryside provides exceptional opportunities for walking, cycling, and riding, with Exmoor National Park just a short drive to the north, offering breath-taking scenery and a range of outdoor pursuits.
The North Devon coast, with its stunning beaches and coastal paths, is also easily accessible.
The site enjoys excellent connectivity via the A361 North Devon Link Road, giving swift access to the M5 at Junction 27, as well as Tiverton Parkway railway station with mainline services to London Paddington.
Exeter Airport is approximately 25 miles away.
Description The development comprises six high-specification open market homes, consisting of 4 x four bedroom dwellings with double garages, and 2 x three bedroom dwellings with a single garage.
The properties will be accessed via a private driveway and enjoy attractive countryside views.
Planning Permission North Devon District Council granted Full Planning Permission (Ref: 74391) on 26th April 2023 for the redevelopment of the existing property, and for the erection of six dwellings.
A range of accompanying documents are on the North Devon District Council website or are available from Stags upon request.
North Devon District Council subsequently issued a Certificate of Lawfulness on 31 July 2026, confirming that material operation had been undertaken and that the planning permission remains valid.
The existing property consists of an unoccupied bungalow and associated gardens, yard, and large steel framed storage shed.
Plot 1 = 1,895 sqft Dwelling and 440 sqft Double Garage Plot 2 = 1,895 sqft Dwelling and 440 sqft Double Garage Plot 3 = 1,165 sqft including 220 sqft Garage Plot 4 = 1,165 sqft including 220 sqft Garage Plot 5 = 1,895 sqft Dwelling and 440 sqft Double Garage Plot 6 = 1,895 sqft Dwelling and 440 sqft Double Garage Section 106 Agreement There is a Section 106 Agreement dated 25 April 2023.
An Education Contribution of £2,600 (index linked) and an Off-Site Public Open Space Contribution of £19,748 (index linked) will be payable by the purchaser in accordance with the provisions contained within the Section 106 Agreement.
There is no cil payment because North Devon District Council have not adopted cil.
Access & Services Vehicular access to the site is via an adjoining private accessway, which is shared with adjoining property owners. Please contact Stags for further information.
Mains Electricity and Water connections are available on site. It is envisaged that foul drainage will be delivered with the use of a Sewage Treatment Plant.
All interested parties should make their own enquiries regarding the provision of utilities with the relevant Utility providers.
Ownership And Legal Title The seller is offering the freehold of the property for sale by private treaty.
The property is registered with hm Land Registry under the registered title numbers DN526813, DN485531 and DN759526.
The sale of the property is subject to all rights, covenants, easements, quasi-easements, and all other legal rights and encumbrances whether or not disclosed within the marketing material.
Please note that the seller intends to retain ownership of a 30cm strip along the eastern and southern boundary of the site.
Agents Note Please note the owners have not elected to tax the property for VAT purposes. Information Pack Access to a pack of supporting information is available to prospective purchasers on request.
A link to the aerial video is available on the Stags website. Viewings Strictly by appointment through Stags.
Please call our Tiverton office on , or our Development Land office on to arrange an appointment.
Directions From Tiverton head north west along the A361 in the direction of Barnstaple, before taking the turning for Rackenford.
Continue along Old Bell Hill, before taking the road into the village of Rackenford. Follow the road into the village and the development is on the left hand side.
What3Words - ///cycles.beans.regrowth Plans And Drawings Please note that all plans and drawings are for illustration purposes only and are not guaranteed to be accurate or to scale.
The drawing on the cover page is an illustrative site layout design that has been added to an aerial photograph for indicative purposes only.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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.
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