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Trematon Drive, Ivybridge, PL21 0HT - Image 1
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Trematon Drive, Ivybridge, PL21 0HT

South West

£290,000
Listed on 17/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
496 sqft

Description

This three-bedroom detached home presents an excellent renovation opportunity for investors or homeowners looking to add value through personalization. Situated on a sought-after corner plot, the property benefits from a spacious layout and is sold with no onward chain, making it a straightforward acquisition. Upon entering, you'll find an enclosed porch leading into a generous lounge, which features a full-height double-glazed window that invites natural light. The fireplace with its brick surround serves as a focal point, while double doors connect to the kitchen/dining area, creating an open feel that’s perfect for entertaining or family living. The kitchen/dining area offers ample space and is equipped with a range of base and eye-level units. Although some appliances may require attention—such as the gas cooker—the room is naturally bright with windows overlooking the rear garden and French doors providing access to outdoor space. Upstairs, the property hosts three well-sized double bedrooms, each benefiting from built-in storage solutions. The master bedroom includes a built-in wardrobe, while the other two rooms also offer generous dimensions for various arrangements. The first floor also features a shower room and separate WC; both are functional but could be enhanced with modern updates. Additional attributes include an integral garage with power and light connectivity, alongside driveway parking that enhances convenience. Outside, the property is surrounded by established gardens; the front lawn is bordered by privet hedging for privacy, while the rear garden has been thoughtfully tiered into three levels, offering potential for landscaping or outdoor leisure areas. This property not only boasts solid structural features such as its integral garage but also presents multiple avenues for enhancement through renovations or reconfiguration. Given its desirable location and layout potential, this home stands as an attractive investment opportunity in today’s market. With mains water, sewerage, gas, and electric services available—and no broadband connection currently set up—it allows future owners to tailor utilities to their preferences. This presents another layer of customization potential in what already has strong bones waiting to be transformed into a modern residence.

Investment Analysis

(PL21 area)

Above Market Value

This property is priced +79.3% above area average per sq ft

+79.3%
This Property
£585/sq ft
Area Average
£326/sq ft
Avg Rent (weekly)
£255
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£177,920
10% above area average per sq ft
Potential ROI
-45.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Trematon Drive, Ivybridge, PL21 0HT
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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
£1,062
Based on a loan of £217,500 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