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Myrtle Cottages, Lutton, IVYBRIDGE

South West

£210,000
Listed on 08/10/2025

Property Details

Bedrooms
1
Type
Semi-detached house

Description

This charming 1-bedroom cottage, located in the tranquil village of Lutton, presents an excellent opportunity for those looking to invest in a property with character and renovation potential. The home showcases period features such as exposed beams and original stonework, providing a warm and inviting atmosphere. A wood-burning stove adds to the cozy feel, while modern touches have been thoughtfully integrated into both the kitchen and bathroom. The property includes a private courtyard that serves as a perfect spot for morning coffee or relaxing outdoors. Beyond this space lies a spacious, mature rear garden offering ample room for personal landscaping projects or outdoor gatherings. Notably, there are two stone outbuildings on the premises; these structures offer significant conversion possibilities (subject to planning permission) and could be transformed into a home office, studio, or even guest accommodation. Situated just outside Ivybridge, the location combines the serenity of village life with convenient accessibility to local amenities and transport links via the A38. The nearby Dartmoor National Park further enhances the area’s appeal for outdoor enthusiasts seeking nature trails and recreational activities. With its blend of rustic charm and modern convenience, along with untapped potential for expansion or renovation, this cottage is a compelling option for first-time buyers or investors looking to create additional value.

Investment Analysis

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

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
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

Myrtle Cottages, Lutton, IVYBRIDGE
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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
£769
Based on a loan of £157,500 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