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23.37 Acres - Modbury, Ivybridge, Devon, PL21 - Image 1
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23.37 Acres - Modbury, Ivybridge, Devon, PL21

South West

£1,750,000
Listed on 06/03/2026

Property Details

Bedrooms
6
Type
Equestrian Facility

Description

This distinctive rural estate presents a myriad of renovation and investment opportunities. Set within approximately 24 acres, it features a traditional 18th-century farmhouse that has undergone substantial renovations, yet still offers scope for further enhancements tailored to personal preferences. The property enjoys a tranquil countryside setting with expansive views towards Dartmoor National Park. In addition to the main residence, there is a separate lodge ideal for conversion into an annexe or holiday rental, capitalizing on the picturesque surroundings. The presence of traditional stone barns with planning permission opens up further possibilities for development into ancillary accommodation, allowing prospective buyers to customize according to their investment vision. The extensive equestrian facilities, including nine stables and a training ring, cater to both personal and commercial pursuits while modern agricultural buildings with B2 consent add additional versatility for business ventures. Given its prime location near Modbury village and local amenities, combined with the potential for additional income through holiday rentals or farming activities, this property represents an exceptional opportunity for those looking to invest in rural property with significant multifunctional prospects.

Investment Analysis

(PL21 area)
Area Average
£326/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £200,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
50%
Properties sold annually

Local Market Trend (PL21)

Area prices are stable by +0.9% over the last 12 months
3 year growth: -1.9%
5 year growth: +14.4%
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

23.37 Acres - Modbury, Ivybridge, Devon, PL21
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£6,312
Based on a loan of £1,312,500 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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