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Meavy, Yelverton, Devon - Image 1
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Meavy, Yelverton, Devon

South West

£1,500,000
Listed on 31/05/2025

Property Details

Bedrooms
6
Type
Detached house
Area
4591 sqft

Description

This historic 16th-century farmhouse presents a remarkable opportunity for renovation and investment, boasting over 4,500 square feet of living space rich with original features. Located in the charming Dartmoor village of Meavy, it comprises not only a Grade II* listed residence but also extensive stone-built outbuildings that exceed 8,000 square feet—ideal for redevelopment, pending necessary consents. Characteristic elements such as exposed timber beams and stone fireplaces are peppered throughout the home, which has retained much of its traditional charm while offering ample scope for modern updates. The ground floor hosts multiple reception areas including a spacious sitting room with a wood-burning stove, a dedicated study, formal dining area, and drawing room. The expansive kitchen is fitted with farmhouse-style cabinetry and an Aga nestled into an original fireplace, providing warmth and character. Upstairs reveals a mix of six double bedrooms across two floors—each brimming with potential to create bespoke living spaces or luxury guest accommodations. Surrounded by lush gardens extending to approximately 1.4 acres, this property offers both tranquility and picturesque views over the Dartmoor National Park. The versatile grounds feature walled gardens, rolling lawns, an orchard, and even a kitchen garden for those interested in sustainable living. Parking is readily available within the courtyard area near the barns. With local amenities within walking distance and greater facilities just short drives away in Yelverton and Tavistock, this property combines rural charm with practical conveniences. This unique opportunity should appeal to investors looking to restore or develop further within this idyllic setting.

Investment Analysis

(PL20 area)

Above Market Value

This property is priced +10.1% above area average per sq ft

+10.1%
This Property
£327/sq ft
Area Average
£297/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£1,498,617
10% above area average per sq ft
Potential ROI
-14.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
9
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (PL20)

Area prices are rising by +5.8% over the last 12 months
3 year growth: 4.3%
5 year growth: 19.6%
Investment Disclaimer: Analysis based on PL20 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Meavy, Yelverton, Devon
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£5,495
Based on a loan of £1,125,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE