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Horsebrook, Avonwick

South West

£375,000
Listed on 19/10/2025

Property Details

Bedrooms
N/A
Type
Detached house
Area
3358 sqft

Description

This property presents a significant opportunity for renovation and investment, featuring a spacious modern farm building measuring 89'3 by 49'3 (approximately 4,395 square feet or 408.2 square meters). Located on the outskirts of South Brent, the structure has recently received planning permission for conversion into a residential dwelling, allowing you to transform it into a unique and personal living space in a scenic rural environment. Adjacent to the barn is a half-acre paddock, adding potential for outdoor use or gardening. This land could not only enhance your living experience but also increase the property’s overall value as you develop your vision for a family home. The approved plans suggest converting the building into a six-bedroom residence featuring ground floor accommodations with an additional mezzanine level. This layout offers flexibility in design and ample space for customization. It's essential to note that any development must be completed within three years from the date of planning approval granted on April 30, 2024. Currently, there are no services connected to the barn, which provides a blank canvas for updates during renovation. The property's value lies in its potential; with careful planning and execution, it could become a remarkable home or an attractive investment opportunity. Prospective buyers should be aware that the current residential planning consent is conditional upon removing two additional barns situated on the site. Interested parties can refer to South Hams District Council’s planning portal for further details regarding permissions and requirements. Viewings are available by appointment through Luscombe Maye in South Brent. The property is being offered through an informal tender process, inviting prospective buyers to submit their best offers by November 11, 2025. All tenders should be submitted in sealed envelopes clearly marked 'Primrose Farm,' allowing an organized approach to this unique opportunity.

Investment Analysis

(TQ10 area)

Below Market Value

This property is priced -63.0% below area average per sq ft

-63.0%
Potential saving
This Property
£112/sq ft
Area Average
£302/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £300,000
Target Value
£1,115,712
10% above area average per sq ft
Potential ROI
+65.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
3
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (TQ10)

Area prices are rising by +14.7% over the last 12 months
3 year growth: 4.0%
5 year growth: 26.1%
Investment Disclaimer: Analysis based on TQ10 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

Horsebrook, Avonwick
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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
£1,374
Based on a loan of £281,250 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