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6.5 Acres - Modbury, Ivybridge, Devon, PL21

South West

£850,000
Listed on 31/12/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This secluded smallholding offers a unique chance for those looking to invest in property with significant renovation potential. Set against the backdrop of the picturesque South Hams countryside, this site includes a Woolaway bungalow, multiple outbuildings, and approximately 6.5 acres of gently sloping land. The location provides both privacy and proximity to the charming market village of Modbury, known for its vibrant community and amenities. The bungalow itself features spacious living areas including a dual-aspect sitting room and three sizable bedrooms, though it may benefit from modernizing updates to truly maximize its appeal. There is also potential to enhance the outbuildings, which include a single-storey barn historically used for livestock and additional storage spaces—ideal for conversion into guest cottages or studios, subject to planning approvals. The property's unique hillside position not only boasts scenic views towards Dartmoor National Park but also presents opportunities for equestrian interests or agricultural endeavors. With existing infrastructure like mains electric and oil-fired heating already in place, aspiring renovators can focus on creative redevelopment within this attractive rural landscape. This is complemented by the property's great accessibility to local transport links and schools, further enhancing its investment appeal.

Investment Analysis

(PL21 area)
Area Average
£330/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
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
67%
Properties sold annually

Local Market Trend (PL21)

Area prices are rising by +2.8% over the last 12 months
3 year growth: +0.1%
5 year growth: +15.7%
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

6.5 Acres - Modbury, Ivybridge, Devon, PL21
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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
£3,066
Based on a loan of £637,500 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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