About This Property

Discover what makes this home special

The Melford is a charming 3-bedroom, 2-bathroom family home located in the picturesque town of Crediton, Devon. Offering a well-designed layout with a spacious living room, modern kitchen/dining area, and a private rear garden facing south-east, this property is perfect for those seeking a blend of countryside tranquility and convenient access to nearby Exeter. The inclusion of an en-suite bathroom in the main bedroom and a downstairs WC adds to the comfort and practicality of this home. Situated within a friendly community, The Melford provides an excellent opportunity for first-time buyers or growing families.

Property Features

This home boasts a thoughtfully planned layout with three comfortable bedrooms, including a master with an en-suite. The kitchen/dining area is designed for modern living, featuring ample space for family meals and entertaining. The south-east facing garden ensures pleasant morning and midday sun, ideal for outdoor relaxation. Additional practical features include a downstairs WC and off-street parking, enhancing everyday convenience.

South-East Facing GardenEn-suite BathroomDownstairs WCModern Kitchen/Dining AreaSpacious Living RoomOff-Street Parking

Local Amenities

Located in Crediton, the property benefits from proximity to well-regarded schools such as Crediton Primary School and Queen Elizabeth's School, making it ideal for families. Local amenities include a Tesco supermarket for daily shopping needs, the Crediton Leisure Centre for fitness and recreation, and a selection of traditional pubs and restaurants like The Lamb Inn. The nearby Crediton Park provides green space for outdoor activities, while Crediton Community Hospital ensures accessible healthcare services. Though the town offers a peaceful rural setting, Exeter is easily reachable for additional amenities and employment opportunities.

Crediton Primary SchoolQueen Elizabeth's SchoolTesco SupermarketCrediton Leisure CentreThe Lamb Inn RestaurantCrediton Community Hospital+1
Crediton Railway Station Train Station (3.5 miles, 10 mins drive) • 25 mins by car to Exeter

Estimate Calculator

Mortgage Calculator

25%
25
4.5%
Monthly Payment-
Purchase Costs
Total Price£305,000
Mortgage Deposit-
Stamp Duty-
Deposit Contribution£0
Searches & Other£1,500
Legal Fees£2,000
Total Cash Required-
Monthly Costs & Income
Estimated Service Charge£0/mo
Estimated Ground Rent£0/mo
Mortgage-
Landlord's Insurance£25/mo
Agency Fees-
Est. Rent-
Net Monthly-

Mortgage Calculator

10%
25
4.5%
Monthly Payment-
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Purchase Costs
Total Price£305,000
Mortgage Deposit-
Stamp Duty-
Deposit Contribution£0
Searches & Other£1,500
Legal Fees£1,500
Total Cash Required-
Monthly Costs
Estimated Service Charge£0/mo
Estimated Ground Rent£0/mo
Mortgage-
Home Insurance£30/mo
Total Monthly-

International Suitability

Moderate Opportunity
60/100
ChallengingModerateGoodExcellent
Quiet rural setting
Limited direct transport links
Proximity to Exeter and regional growth

International Buyer Calculator

35%
20
5.5%
Monthly Payment-
Specialist international mortgagesSpeak to a broker experienced with non-UK resident buyers
Get Advice
International buyers typically require 25-40% deposit with limited lender options
Purchase Costs (Non-UK Resident)
Total Price£305,000
Mortgage Deposit (Min 25%)-
Stamp Duty + 2% Surcharge-
Legal Fees (Intl Complex)£3,500
AML & ID Verification£500
Bank Transfer Fees£1,000
Total Cash Required-
Monthly Costs & Income
Estimated Service Charge£0/mo
Estimated Ground Rent£0/mo
Mortgage-
Full Management (10%)-
Landlord's Insurance£35/mo
Est. Rent-
Net Monthly-
Key Considerations for International Buyers
+2% Stamp DutyAdditional surcharge for non-UK residents on property purchases
Higher DepositMost lenders require 25-40% deposit for non-UK residents
AML ComplianceEnhanced due diligence and source of funds verification required
Property ManagementFull management service recommended for overseas landlords

Investment Analytics

Key metrics for investors & buyers
Gross Rental Yield
4.6%
Based on £1,169/mo rent
Area Price Growth
+0.1%
Average annual increase
5-Year Value Forecast
£306,528
+£1,528 projected gain
5-Year Rent Forecast
£1,436/mo
Based on 4.2% annual growth
Price per Sq Ft£318
Annual Rent Income£14,028
10-Year ROI184%
Break-Even Point22 yrs

Property Value Projection

Based on 0.1% annual growth
£306,528
5yr
£308,064
10yr
£309,607
15yr
£311,158
20yr
£312,717
25yr
Current: £305,000

Monthly Rental Income

Based on 4.2% annual growth
£1,436
5yr
£1,764
10yr
£2,167
15yr
£2,662
20yr
£3,270
25yr
Current: £1,169/mo
* Projections are estimates based on historical market data and are not guaranteed. Past performance does not indicate future results.

Property Features

Local Area & Amenities

Floorplans

Ground Floor

Property Floorplan

Site Plan

Site Plan

Location

Commute Time Planner

Exeter St Davids
15 mins
25 mins
Bristol Temple Meads
1h 15m
1h 30m

Sun Path & Natural LightAI generated - Estimated

NESW
South-East-Facing Excellent
6h
Garden Sun (Summer)
Yes
Morning Sun
No
Afternoon Sun

Room-by-Room Light Analysis

Living Room
Morning Excellent
Afternoon Moderate
Evening Low
Kitchen/Dining Area
Morning Good
Afternoon Good
Evening Moderate
Main Bedroom
Morning Good
Afternoon Moderate
Evening Low

Location Scores

40
Walk Score
Car-Dependent
30
Transit Score
Some Transit
45
Bike Score
Somewhat Bikeable
View Location Details

Future Developments Nearby

Mixed-use Commercial and Residential+Positive Impact
Crediton Town Centre Regeneration
1.5 milesEst. 2027
* Information based on local planning applications and may be subject to change

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£305,000
AvailableNB0000054837
View Location Analytics

The Melford

South Molton, Devon, South Molton EX36 4FW
Cashmere Park
3
Bedrooms
2
Bathrooms
960
Est. Sq ft
house
Type

Developer

Tilia Homes
Available Plot Numbers
124
1 plot(s) available
Ownershipfreehold

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£305,000The Melford

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The Melford
The MelfordSouth Molton, Devon£305,000

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