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11 bed detached house
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Our Summary
- Development potential (subject to planning)
- In need of refurbishment
- Alternative uses: While currently a residential property with an annexe, its position, scale and style naturally lend themselves to a variety of possible uses (subject to planning)
- There is certainly space to consider such options, though buyers should note the overage clause that would apply if planning permission for extra dwellings were granted
- Overage:The property will be sold subject to an overage clause under which the seller will receive 25 percent of any increase in land value arising from planning permission for any new-build property within the grounds at any time during the 25 years following completion
- The uplift will be calculated as the difference between the open market value of the relevant land with planning permission and its open market value as bare land without planning
- Example: if planning for one new home increases the land value from £100,000 to £200,000, the overage payable would be £25,000
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Description
The Mount on Alexandra Road is a stunning period home with over 4000 square feet of accommodation and just over an acre of established grounds. This Arts and Crafts influenced property has been a landmark in Crediton for over a century, serving as a private family villa and later a boarding house for Queen Elizabeth's School. With its generous proportions, elevated setting, and impressive gardens, it offers a rare opportunity to restore a substantial character home in the heart of Mid Devon.
The property features elegant reception rooms, numerous bedrooms, and an array of original features, including a panelled entrance hall and solid wood staircase. The grounds are beautifully landscaped with lawns, mature trees, and a private driveway, providing a secluded and peaceful atmosphere. With its versatility and potential for alternative uses, The Mount and Mountside coach house or annexe offer a unique chance to create a special home or explore different possibilities.