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Pennymoor, Tiverton, Devon

South West

£1,650,000
Listed on 29/12/2025

Property Details

Bedrooms
7
Type
Detached house
Area
5920 sqft

Description

This substantial unlisted farmhouse offers a unique opportunity in the Mid Devon countryside, boasting original architectural features that reflect its character and history. While beautifully presented, the property also presents significant renovation potential for discerning buyers looking to enhance its value. The main farmhouse is complemented by two self-contained annexes, which can provide additional accommodation or be merged into a larger living space, subject to necessary planning permissions. Set within approximately 7.5 acres of scenic grounds, the property includes an extensive open-plan kitchen and living area with natural light flooding in through triple aspect windows, showcasing exposed timber beams and brickwork that invite creativity in modernizing the space. The versatile layout features multiple reception rooms including a drawing room with vaulted ceilings, an inviting snug, and two annexes that are ripe for conversion or enhancement. The large loft space on the first floor holds promise for further development into additional bedrooms or living areas. Outside, sweeping gardens flank the house with opportunities to expand landscaping and outdoor features. Complemented by stables and two barns with clear development potential (subject to consents), this property sits in a tranquil rural setting yet remains conveniently close to Tiverton and Exeter. It is strategically located near excellent transport links including the M5 motorway and Exeter International Airport. This home not only allows for immediate comfortable living but also provides numerous pathways for investment growth through renovation and potential redevelopment of existing structures.

Investment Analysis

(EX16 area)

Below Market Value

This property is priced -4.7% below area average per sq ft

-4.7%
Potential saving
This Property
£279/sq ft
Area Average
£293/sq ft
Avg Rent (weekly)
£232
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£1,905,086
10% above area average per sq ft
Potential ROI
+0.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (EX16)

Area prices are falling by -10.2% over the last 12 months
3 year growth: -13.0%
5 year growth: -1.5%
Investment Disclaimer: Analysis based on EX16 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

Pennymoor, Tiverton, Devon
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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
£5,951
Based on a loan of £1,237,500 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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