Wilkinson Grant & Co Land & Investment says ..

Property Oracle says ..

This property in Exton, Devon, presents a unique development opportunity. The listing includes a farmhouse and extensive outbuildings situated on a large plot of land with planning permission already in place for the conversion of existing structures into three residential dwellings and the construction of seven new build properties.

The farmhouse itself shows a mix of thatch and tile roofing suggesting a blend of architectural styles and ages and shows potential. It has a rustic appearance with visible signs of age and wear. Some internal images show a dated kitchen and upstairs areas requiring complete modernisation.

The outbuildings are in varying conditions, ranging from relatively well-maintained (one large barn) to significantly dilapidated. Some of the brick structures exhibit clear signs of disrepair. There is certainly a need for substantial investment to bring these up to modern standards. The considerable plot size offers a great deal of space, ideal for the proposed development.

The property’s location is favorable, situated in the popular village of Exton with proximity to nearby railway stations. Several primary schools are within a reasonable distance, but buyers should verify their suitability for their needs. The price point reflects the developmental opportunity and its potential future yield. Investors will want to conduct thorough due diligence, including a detailed cost analysis of refurbishment and new construction to fully evaluate the overall financial viability of the project.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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