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5 bedroom detached house for sale
Cutteridge Lane, Whitestone, Exeter
£2,250,000
Cutteridge Lane, Whitestone, Exeter
£2,250,000
Our Summary
- A superb residential investment holding of 14 properties providing consistent rental income and lifestyle home with income, as well as further potential, just 3 miles from Exeter
- However, there is significant further potential across the site, subject to the necessary consents
- The property provides a blank canvas to finish the renovation and create a spacious character home
- A redundant piggery provides an enclosed space previously used as a kitchen garden, with the former piggery buildings now being used partly as the let pottery, but also with potential for storage/conversion, subject to the necessary consents
Description
Cutteridge Farm is a unique residential investment holding comprising 14 properties, including two large family houses, stables, and farmhouses, situated in a semi-rural location just three miles west of Exeter. The property has been owned and managed by the same family since 1986 and has undergone significant development and improvement over the years. The current arrangement includes 12 properties under tenancies, with Assured Shortholds in place, providing consistent rental income. The two largest family houses are currently vacant, offering the potential to rent them out or use them as primary residences. The property also features a bridleway, a redundant piggery, and a modern agricultural barn, providing further potential for development or conversion, subject to necessary consents. The site extends to 4.7 acres, with gardens and grounds allocated to each property, as well as communal areas and open grass. The property is being sold with tenants in situ, and the current rent roll information is available upon request.