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Higher Sherford Farm, Plymouth

South West

£1,750,000
Listed on 14/11/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This expansive detached property sits on a generous 3.84 acres, offering a unique opportunity for renovation and development in a rapidly evolving area. Located in the heart of the proposed Sherford new town, between Brixton and Plympton on the eastern edge of Plymouth, this site is strategically positioned near the picturesque South Hams coastline and an Area of Outstanding Natural Beauty. The property features a spacious farmhouse along with an adjacent cottage, multiple garages, and various external storage areas. The grounds are well-maintained and include landscaped areas complete with a tennis court and paddock, providing ample outdoor space for both leisure and potential use. With development prospects subject to planning permission, this site could be transformed for various purposes including residential housing, hospitality ventures such as hotels, care facilities, or assisted living accommodations. The current classification allows for its use as a dwelling house and smallholding, making it versatile for potential investors or those seeking to create their own vision. Given its prime location within an evolving community and the myriad of possibilities it presents, this property is not just a home but also an investment opportunity ripe with potential for future endeavors.

Investment Analysis

(PL8 area)
Area Average
£388/sq ft
Avg Rent (weekly)
£307
Avg Yield
2.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
5
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (PL8)

Area prices are stable by +1.6% over the last 12 months
3 year growth: 16.1%
5 year growth: 8.6%
Investment Disclaimer: Analysis based on PL8 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

Higher Sherford Farm, Plymouth
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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
£6,411
Based on a loan of £1,312,500 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.

Next Steps

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