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Horrabridge, Devon

South West

£795,000
Listed on 04/10/2025

Property Details

Bedrooms
4
Type
Detached house
Area
2174 sqft

Description

This charming farmhouse, which has remained within the same family for four generations, presents a unique renovation and investment opportunity on a generous 12.86-acre parcel of land. Nestled on the outskirts of the Dartmoor village of Horrabridge, the property offers a peaceful setting with potential for modernisation and remodelling. The south-facing home is currently configured as two separate 2-bedroom units, making it suitable for multi-generational living or creating an income-generating annexe (subject to planning approval). The interior features a mix of period characteristics, including sash windows, fireplaces, and traditional built-ins. The layout consists of two reception rooms on the ground floor that overlook the garden, along with a breakfast kitchen and an additional kitchen area. Four bedrooms are distributed across the first floor, three of which are notably spacious doubles. There is also a garage/storage area attached to the rear of the house that could be incorporated into any future renovations. The expansive grounds include lush meadows and pasture fields, complete with river frontage along the Walkham River. This setting offers considerable equestrian potential, with nearby access to moorland trails making it ideal for horse enthusiasts or those seeking a smallholding lifestyle focused on space and tranquillity. Multiple outbuildings accompany the home—one serving as stabling with five loose boxes—while an older pole barn provides further possibilities for redevelopment or repair. Horrabridge itself boasts local amenities such as shops and pubs while being conveniently located just 4.5 miles from Tavistock and 10 miles from Plymouth city centre. Accessibility to outdoor activities is enhanced by proximity to open moorland within a short distance. The property is equipped with mains water, gas, and electricity services, along with gas-fired central heating. It operates on private drainage via a septic tank system. In terms of potential development, there are existing agreements in place regarding wayleaves and rights of way; however, no public paths pass near the house itself. Overall, this property presents significant scope for improvement and expansion (subject to necessary consents), making it an attractive option for buyers looking to invest in a rural retreat with ample land and diverse opportunities for development.

Investment Analysis

(PL20 area)

Above Market Value

This property is priced +17.0% above area average per sq ft

+17.0%
This Property
£366/sq ft
Area Average
£313/sq ft

Renovation Potential

Est. Renovation Cost
£79,500 - £198,750
10-25% of property value
Target Value
£747,552
10% above area average per sq ft
Potential ROI
-24.8%
After renovation
Monthly Sales
5
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (PL20)

Area prices are rising by +6.9% over the last 12 months
3 year growth: 3.8%
5 year growth: 27.1%
Investment Disclaimer: Analysis based on PL20 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

Horrabridge, Devon
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