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Horrabridge, Yelverton

South West

£150,000
Listed on 17/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
398 sqft

Description

This mid-terrace cottage offers a unique opportunity for renovation and investment, nestled on a tranquil lane in the charming village of Horrabridge. With its historical roots dating back to the mid-1800s, this property exudes character and potential, making it an ideal project for those looking to create a personalized living space or capitalize on its rental prospects. The layout features a practical open-plan kitchen and living area that provides a cozy gathering space, enhanced by modern electric radiators and a woodburning stove. The first floor hosts two bedrooms that can be transformed to suit your needs, along with a functional bathroom. The inside is in need of updating, presenting an exciting blank canvas for renovation enthusiasts or investors seeking to add value through thoughtful improvements. Outside, the property includes a decent-sized garden with both lawn and paved patio areas, perfect for outdoor relaxation or entertaining. While currently requiring some attention, these exterior spaces hold great promise for enhancement that could significantly increase curb appeal. Horrabridge itself is an appealing Dartmoor village known for its community amenities, including local shops, a bakery, pub, and primary school. Its proximity to Tavistock (5 miles) and Plymouth (10 miles) ensures convenience for daily commuting or leisure activities. Additionally, the nearby village of Yelverton offers further facilities like supermarkets and cafes. With mains water, electricity, and drainage services available, this property stands ready for transformation. Given its council tax band 'A', it's also an economical choice for first-time buyers or those looking to downsize while retaining access to pleasant surroundings. In summary, this cottage presents not only a residence but also an investment opportunity in a well-regarded location. Its character and potential make it worthwhile for anyone eager to undertake a renovation project in one of Devon's scenic villages.

Investment Analysis

(PL20 area)

Above Market Value

This property is priced +27.0% above area average per sq ft

+27.0%
This Property
£377/sq ft
Area Average
£297/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£129,917
10% above area average per sq ft
Potential ROI
-25.8%
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

Horrabridge, Yelverton
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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
£549
Based on a loan of £112,500 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