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Meavy, Yelverton

South West

£630,000
Listed on 31/12/2025

Property Details

Bedrooms
5
Type
Detached house
Area
1392 sqft

Description

This extended Georgian former mill and stables presents a unique opportunity for renovation and investment. Located on the outskirts of the charming Dartmoor village of Meavy, this character home features a main house with three double bedrooms and a self-contained two-bedroom annexe, formerly the mill's stables. Although the property boasts historical elements dating back to the 1830s, it has not been listed, providing flexibility in modifications. The main structure was extended in 2017 but may require updates to align with modern standards, particularly in areas such as heating and insulation. The annexe is in need of refurbishment and holds significant potential as a rental unit or guest accommodation due to its planning consent for ancillary use. The exterior showcases captivating gardens that include a courtyard and original mill leat, alongside useful outbuildings which could enhance functionality after appropriate renovations. The overall layout includes a dual-aspect garden room, spacious kitchen/dining area with authentic mill features, and an inviting sitting room centered around a log-burning stove. All these aspects contribute not only to the charm of the property but also highlight its investment potential for those looking to make improvements while respecting its historical context.

Investment Analysis

(PL20 area)

Above Market Value

This property is priced +50.3% above area average per sq ft

+50.3%
This Property
£453/sq ft
Area Average
£301/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£461,197
10% above area average per sq ft
Potential ROI
-35.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
61%
Properties sold annually

Local Market Trend (PL20)

Area prices are rising by +12.0% over the last 12 months
3 year growth: +2.1%
5 year growth: +15.0%
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
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,272
Based on a loan of £472,500 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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