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Modbury, Ivybridge, Devon

South West

£4,250,000
Listed on 31/12/2025

Property Details

Bedrooms
12
Type
Detached house

Description

Situated in a serene valley of South Devon, this expansive estate presents a unique opportunity for investors and renovation enthusiasts. The Calancombe Estate features a spacious 4,000 sq ft period farmhouse that has been lovingly restored, yet still holds potential for further enhancements. The home's striking stone exterior and inviting interiors include a well-appointed kitchen with modern amenities, a series of reception rooms that offer flexible living options, and five en suite double bedrooms, making it an ideal candidate for future upgrades or conversion into guest accommodations. Adjacent to the main dwelling is Coombe Farm Barns, which includes three residential units in need of some updates yet brimming with possibilities for either family living or short-term rentals. Noteworthy features such as the indoor swimming pool and the charming Vine Cottage add to the versatility of this section of the estate. The land encompasses over 4 acres with diverse terrain suited for various uses—potentially ideal for glamping setups or additional agricultural ventures. Furthermore, the existing winery and vineyard offer numerous avenues for expansion and income generation, including accommodation development or enhanced event hosting. With key infrastructure already in place—including solar power systems supporting sustainability efforts—the estate provides both immediate enjoyment and latitude for strategic investment. Buyers can explore planning consent opportunities that may allow for further development or reimagining of existing spaces to maximize rental income. Overall, this property marries rural charm with significant investment potential.

Investment Analysis

(PL21 area)
Area Average
£326/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£200,000 - £350,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
50%
Properties sold annually

Local Market Trend (PL21)

Area prices are stable by +0.9% over the last 12 months
3 year growth: -1.9%
5 year growth: +14.4%
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

Modbury, Ivybridge, Devon
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£15,328
Based on a loan of £3,187,500 over 30 years at 4.06% 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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