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Forget the rain, Mid Devon has plenty to offer

By Exeter Express and Echo  |  Posted: January 17, 2013

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PRETTY, rolling countryside, convenient rail and motorway links, plus excellent schools and a strong sense of community are just a few assets putting Mid-Devon firmly on the property map, says Seddons.

Despite hitting the headlines for the wrong reasons when recent heavy rainfall burst the banks of the Grand Western Canal near Tiverton, the area offers "so much", says the estate agents.

Here, Rob Hann, partner at Seddons looks at why is better to live mid-county

SCEPTICS blamed the flooding on the land's inability to soak up the rain and the high water table on extensive property development in the area.

"Too much infrastructure and hard landscaping cause excessive run off from the land," they said.

But is the problem that localised, or should we look more at the global climate? The estate agents are having their stock increased for future years, the houses keep selling and people are still very keen to live here, despite the global climate, the financial one at least.

Pretty rolling countryside, convenient rail and motorway links, excellent schools, strong local amenities and an overwhelming sense of community, all attract buyers to the Mid Devon market where property has continued to sell well throughout 2012. The early signs for 2013 look promising.

The area offers so much, yet is more affordable than Exeter or East Devon, and only 20 to 30 minutes' drive away. The family home market is appealing, with buyers able to buy a four-bedroom detached house below the three per cent Stamp Duty threshold at £250,001, paying one per cent instead, an immediate saving of at least £5,000.

First-time buyers are able to afford to purchase town cottages. Modern, two-bedroom properties on established developments sell for between £125,000 and £150,000, even below if buyers are prepared to do some work on the property. This takes them under the starting point for Stamp Duty, one per cent at £125,001.

The Stamp Duty tax does not fully influence purchasers' choices but it's certainly favourable not to have to pay any extra tax if possible.

Estate agents selling land have enjoyed superb sales of lots of agricultural land over the last year with prime land achieving anything up to around £12,000 per acre, sold to those wishing to protect the countryside and traditional farming of the area.

More expensive village and rural properties, including farms, continue to sell well in a sector of the market that is arguably less affected by the constraints of mortgage borrowing and the overall financial climate. Mid Devon often attracts buyers relocating to the county who wish to take advantage of its beauty and convenience.

So, with spring just around the corner, the rain hopefully easing, the developers still building (the sceptics still sceptical), we estate agents look forward to another good year of sales in Mid Devon.

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