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Meavy, Yelverton, Devon

South West

£1,500,000
Listed on 04/10/2025

Property Details

Bedrooms
6
Type
Detached house
Area
4591 sqft

Description

This remarkable 16th-century farmhouse presents a unique opportunity for renovation and investment in the charming village of Meavy, set within the scenic landscapes of Dartmoor National Park. With over 4,500 square feet of living space, this Grade II* listed property combines historical significance with considerable potential for modern enhancements. The farmhouse retains many original character features, such as exposed timber beams, stone mullion windows, and granite arched doorways, offering an inviting glimpse into its storied past. The layout includes multiple reception rooms on the ground floor: a spacious sitting room with a grand fireplace and woodburning stove, a dedicated study suitable for remote work, a formal dining room, and a drawing room featuring another fireplace with log burner. The kitchen is expansive at 23 feet and retains traditional farmhouse-style cabinetry alongside an Aga cooker recessed into an original fireplace—a nod to both functionality and heritage. On the upper floors, the first level encompasses four double bedrooms along with a family bathroom equipped with a roll-top bath. The principal bedroom is noteworthy for its private staircase leading directly to one of the bathrooms. The second floor hosts two additional bedrooms, one boasting its own freestanding luxury bath—highlighting further possibilities for customization or updating. Surrounding the farmhouse are approximately 1.4 acres of lush grounds that include well-maintained lawns bordered by mature trees and hedgerows. The rear of the property features an orchard and meadow area with open fields beyond. An extensive kitchen garden provides potential for self-sufficiency through homegrown produce. The large traditional stone barns on-site offer over 8,000 square feet of additional space ripe for development—subject to planning permissions—making them ideal for various uses such as studios, guest accommodations, or even residential units. Located within a serene village setting, Meavy offers essential local amenities including a pub, village hall, church, and primary school. Just a mile and a half away lies Yelverton which boasts further facilities such as shops and medical services. For those seeking more extensive shopping options or leisure activities, Tavistock is seven miles away while Plymouth is within twelve miles. With excellent transport links via the A386 at Tavistock and A38 at Ashburton as well as breathtaking views across Dartmoor's moorland from the property itself, this farmhouse not only stands as a beautiful residence but also represents significant investment potential in an area noted for its stunning scenery and outdoor pursuits including walking and cycling routes near iconic landmarks like Great Mis Tor

Investment Analysis

(PL20 area)

Above Market Value

This property is priced +10.1% above area average per sq ft

+10.1%
This Property
£327/sq ft
Area Average
£297/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£1,498,617
10% above area average per sq ft
Potential ROI
-14.4%
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

Meavy, Yelverton, Devon
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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
£5,495
Based on a loan of £1,125,000 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