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Babland Farm, Modbury, Ivybridge, Devon, PL21 - Image 1
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Babland Farm, Modbury, Ivybridge, Devon, PL21

South West

£250,000
Listed on 18/07/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This historic former coach house presents a unique investment opportunity for those looking to create a bespoke family home in a picturesque rural setting. Nestled within a complete walled garden, the property benefits from full planning permission and listed building consent granted by South Hams District Council, allowing for transformation into a two-bedroom dwelling, with the potential to reconfigure the internal layout for an additional bedroom subject to further consents. The vendor has already undertaken significant initial groundwork, including the installation of a small-scale package treatment plant, which fulfills part of the development's prerequisites. Situated in the scenic rolling hills of South Hams near Modbury, this property offers not only charming views over neighbouring farmland and Dartmoor National Park but also proximity to local amenities, independent shops, galleries, and excellent schooling options. This is an excellent opportunity for renovation enthusiasts or investors seeking a project with considerable character and potential.

Investment Analysis

(PL21 area)
Area Average
£326/sq ft
Avg Rent (weekly)
£255
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (PL21)

Area prices are rising by +6.4% over the last 12 months
3 year growth: 1.3%
5 year growth: 20.4%
Investment Disclaimer: Analysis based on PL21 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

Babland Farm, Modbury, Ivybridge, Devon, PL21
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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
£916
Based on a loan of £187,500 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