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Plympton, Plymouth, Devon, PL7

South West

£1,000,000
Listed on 10/01/2026

Property Details

Bedrooms
14
Type
Detached house
Area
4641 sqft

Description

This strategically located property offers a remarkable blend of income generation and development potential in Devon. Spanning approximately five acres of well-kept grounds, it currently boasts several high-quality lodges that are successfully rented out, providing an immediate revenue stream for the new owner. Beyond this established framework, there is significant opportunity for growth and diversification. The picturesque landscape and serene environment make this site an attractive option for conversion into a wedding or events venue, with its expansive views serving as a stunning backdrop for various gatherings. Envision the possibilities: with careful planning and execution, this property could evolve into one of the region's premier destinations for bespoke celebrations. Additionally, for investors or developers, the extensive scope in terms of land use cannot be overlooked. There is ample room to expand existing accommodations or introduce new lodging options such as glamping units. Consideration can also be given to adding leisure facilities or branching into other tourism-related ventures. Nestled just outside Plympton, Harscombe Farm benefits from a blend of tranquility and convenient access to major attractions including Plymouth city center, Dartmoor National Park, and the scenic South Devon coastline. This prime semi-rural location enhances both its residential appeal and commercial viability. Key attributes include not only income-generating lodges but also fishing rights along the River on-site and a private pond, all contributing to its unique charm. Harscombe Farm stands as an exceptional proposition for those looking to invest in a versatile property with significant upside potential.

Investment Analysis

(PL7 area)

Below Market Value

This property is priced -26.7% below area average per sq ft

-26.7%
Potential saving
This Property
£215/sq ft
Area Average
£294/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£200,000 - £400,000
Target Value
£1,501,665
10% above area average per sq ft
Potential ROI
+7.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
80%
Properties sold annually

Local Market Trend (PL7)

Area prices are stable by +1.9% over the last 12 months
3 year growth: +4.2%
5 year growth: +18.8%
Investment Disclaimer: Analysis based on PL7 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

Plympton, Plymouth, Devon, PL7
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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
£3,607
Based on a loan of £750,000 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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