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Pyworthy, Holsworthy, Devon, EX22

South West

£425,000
Listed on 25/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a unique opportunity to capitalize on established planning permissions for the conversion of several barns into appealing residential units and a holiday let. With plans approved for converting two barns into a four-bedroom home and a two-bedroom cottage, as well as an additional three four-bedroom homes, this site is primed for renovation and investment. Situated in the tranquil village of Pyworthy, the location offers a pleasant rural lifestyle while being just 2 miles from Holsworthy. Here, residents can access essential amenities including a variety of shops, restaurants, recreational facilities like golf courses, swimming pools, and gyms. The nearby North Cornish coastline—only nine miles away—provides beautiful sandy beaches and numerous outdoor activities such as hiking and water sports. The proposed residential conversions will each feature four bedrooms and will boast expansive countryside views from their elevated positions. One of the larger single-story barns will include an open-plan kitchen/dining area with bi-fold doors that open to the west-facing garden, creating a seamless indoor-outdoor living space. The three additional homes are similarly designed to maximize natural light and scenic vistas. Planning permissions have been issued by Torridge District Council under distinct references for both residential options and holiday accommodation, ensuring a clear pathway to commencement of development. The current owners have also undertaken necessary preliminary work such as private drainage installations to maintain active planning status. This site not only holds promise for immediate residential development but also represents long-term investment potential given its desirable location and flexible use possibilities. With services such as mains electricity and water already available—and broadband access present—the groundwork has been laid for successful conversion projects. For those looking to make their mark in property development within a community-oriented setting, this project offers substantial scope for value enhancement through thoughtful renovations tailored to meet modern living standards while retaining rustic charm. Detailed planning documents can be reviewed upon request, providing further insight into this promising opportunity.

Investment Analysis

(EX22 area)
Area Average
£304/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£400,000 - £600,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
7
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (EX22)

Area prices are rising by +3.4% over the last 12 months
3 year growth: -15.9%
5 year growth: 7.4%
Investment Disclaimer: Analysis based on EX22 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

Pyworthy, Holsworthy, Devon, EX22
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Mortgage Calculator

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£
£
%
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,557
Based on a loan of £318,750 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