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Self Build Plot 7, Bradley Bends, Bovey Tracey

South West

£185,000
Listed on 12/11/2024

Property Details

Bedrooms
5
Type
Detached house

Description

This property offers a substantial opportunity for renovation and investment, featuring five spacious bedrooms that provide ample room for family living or potential rental income. Situated on the edge of Dartmoor, the location presents an attractive blend of accessibility and natural beauty, making it appealing for both primary residence and investment purposes. The site consists of 18 available plots, each uniquely sized between 205 to 780 square meters (approximately 2,207 to 8,396 square feet), allowing for a variety of housing styles and configurations. Each plot is fully serviced and comes with a plot passport that outlines essential details such as gross area, build zones, and specific building regulations. Although the initial outline planning permission is in place, the responsibility will fall to buyers to seek detailed planning approval within specified timelines. Infrastructure has been put in place with all necessary services—such as mains water, electricity, gas, foul water drainage, and fibre optic telecommunications—already installed at each plot boundary. The main access road through the development has been constructed up to sub-base level and connects seamlessly to an existing housing project nearby. While some easements related to drainage and access may apply, this enhances the viability of investment potential. As you consider developing this property further, keep in mind that once constructed, homes must be occupied as principal residences rather than holiday rentals. This stipulation ensures a stable community environment while also promising ongoing demand for rental options in this desirable area. With careful planning and execution of renovations or new constructions compliant with established design codes, this property represents a compelling opportunity for those looking to capitalize on its inherent value amid the charm of Dartmoor.

Investment Analysis

(TQ13 area)
Area Average
£333/sq ft
Avg Rent (weekly)
£246
Avg Yield
2.7%

Renovation Potential

Est. Renovation Cost
£18,500 - £46,250
10-25% of property value
Monthly Sales
19
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (TQ13)

Area prices are falling by +4.6% over the last 12 months
3 year growth: 3.9%
5 year growth: 15.9%
Investment Disclaimer: Analysis based on TQ13 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Self Build Plot 7, Bradley Bends, Bovey Tracey
Map showing location of Self Build Plot 7, Bradley Bends, Bovey Tracey
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