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3.12 Acres - Rutt Lane, Ivybridge, Devon, PL21

South West

£650,000
Listed on 02/04/2026

Property Details

Bedrooms
2
Type
Detached
Area
1547 sqft

Description

Nestled within the scenic Dartmoor National Park, this charming cottage is set on approximately three acres of land and offers a unique blend of rural tranquility and proximity to Ivybridge's amenities. Rutt Farm Cottage has been cherished by its current owner for over four decades, reflecting both care and the potential for further enhancement. The property features a slate-fronted exterior and enjoys ample off-road parking at its entrance. Inside, you'll find a welcoming porch leading to a spacious living room, complete with a traditional feature fireplace and access to the first floor. The kitchen is functional with modern fittings and adjoins a pleasant dining area that overlooks well-maintained gardens. Upstairs are two generously sized double bedrooms, each with characterful beams, plus a contemporary shower room. The outdoor spaces are particularly noteworthy, including beautifully landscaped gardens, extensive storage in an oversized garage (recently re-roofed), and versatile outbuildings currently used as stables but ripe for conversion into additional living space or guest accommodation (subject to planning permission). With easily accessible transport links and schooling options nearby, this property presents an outstanding opportunity for renovation or development in a peaceful yet connected setting.

Investment Analysis

(PL21 area)

Above Market Value

This property is priced +29.2% above area average per sq ft

+29.2%
This Property
£420/sq ft
Area Average
£325/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£553,223
10% above area average per sq ft
Potential ROI
-21.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (PL21)

Area prices are stable by -1.7% over the last 12 months
3 year growth: -4.2%
5 year growth: +9.5%
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

3.12 Acres - Rutt Lane, Ivybridge, Devon, PL21
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£2,302
Based on a loan of £487,500 over 30 years at 3.91% 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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