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£895,000

Canaan Way, Ottery St, EX11

  • 13 beds
Detached house

£895,000

  • 13 beds
Detached house
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Estimate monthly mortgage payment:

£4,086 per month

Minimum deposit amount:

£44,750
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An opportunity to purchase this most attractive detached 13 bedroom property with separate annexe situated in a quiet residential location within minutes walk of the popular town of Ottery St Mary. Formerly a hotel but now has planning for change of use to a residential property (Planning reference 23/0694/FUL). The opportunities are now almost endless with the property being suitable for a large home or multi generational living. Potential income can be gained from offering bed and breakfast or holiday lets. There is also the possibility of conversion to several properties (subject to planning).

This partially thatched property, enjoys a secluded country aspect at the edge of the historic town of Ottery St Mary and is set in
¾ acre of beautifully landscaped gardens. We would suggest that it would be ideal as a large family home now that the property has change of use to residential.

The current layout, shown on the floor plan could be easily converted to offer spacious living accommodation, kitchen and dining room and large bedrooms with en-suite facilities whilst still retaining the separate annexe which has a separate front door and staircase. There is also the potential to create a stunning first floor sun terrace with stairs down to the garden.

Outside: To the front of the property is a gravel driveway with parking for approximately 16 vehicles from which an attractive pathway and landscaped garden leads to the front door. To the rear is a large terrace, perfect for alfresco dining, which overlooks a mature and impressive tulip tree. The rest of the gardens feature well stocked flowering borders, sweeping lawns and further interesting plants and trees. There are a number of outbuildings currently being used as freezer and store rooms but could be used for a variety of needs.

The town centre with its many amenities is close by and can be accessed via The Land of Canaan town park which offers an attractive stroll across the river and through its attractive lawns.

Directions: Upon entering Ottery St Mary: continue heading straight into town, going over the bridge (over the River Otter), turning left after approx. 100m into Tumbling Weir Way. Bear right at the end of the road, just before the residential double garage, then bear left, continuing past the McCarthy and Stone retirement apartments on the right. The property and private parking area can be found at the end of the road.

Location: Ottery St Mary, home of the world-famous ‘Tar Barrels’, is one of the oldest and most historic towns in Devon and boasts an array of amenities including a range of independent shops – butcher, greengrocer, bakery, chemist, supermarket etc. There is an excellent range of schools including The Kings School and a first-class medical centre.
The town also has excellent road and rail links with access to the A30, M5 and London ‘Waterloo’ line only a short drive away. The City of Exeter and its International Airport are also close by.
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Your estimated purchase costs

Find out how much it will cost to purchase this property.

Stamp Duty tax
These figures are estimates and are provided for guidance only
£32,250
Mortgage and legal costs:
£999
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