Worst House on the Street Logo
Development plot, Old Drovers Way EX23 - Image 1
Development plot, Old Drovers Way EX23 - Image 2
Development plot, Old Drovers Way EX23 - Image 3
Development plot, Old Drovers Way EX23 - Image 4
Development plot, Old Drovers Way EX23 - Image 5
Development plot, Old Drovers Way EX23 - Image 6
Development plot, Old Drovers Way EX23 - Image 7
Development plot, Old Drovers Way EX23 - Image 8
Development plot, Old Drovers Way EX23 - Image 9

Development plot, Old Drovers Way EX23

South West

£165,000
Listed on 28/04/2026

Property Details

Bedrooms
N/A
Type
Plot

Description

Nestled within the historical walled gardens of Stratton Manor, this unique plot offers a rare chance to construct a custom-built residence in one of the area's most tranquil and desirable settings. The site is fully equipped with essential services including electricity, water supply, BT ducting, and a mains-connected private sewage pump station, paving the way for immediate development without typical pre-build delays. With planning permission already secured for a modern three-bedroom detached house, there’s also the potential to build an additional one-bedroom cabin-style dwelling—a perfect opportunity for generating holiday rental income or as a more economical construction option. This flexibility allows for creative design solutions such as modular builds or stylish Koto cabins (subject to further planning), making this not only a residential investment but also a unique coastal retreat. The location is superb, located just off Old Drovers Way and close to the historic market town of Stratton where essential amenities are within easy reach. The bustling coastal town of Bude lies just five miles away, offering sandy beaches, excellent surfing conditions, shopping options, quality schools, and diverse recreational activities including an 18-hole golf course. The surrounding Area of Outstanding Natural Beauty presents stunning opportunities for outdoor pursuits. Access to broader amenities is straightforward; Holsworthy is about 10 miles inland while Bideford offers further shopping options and routes to major road networks leading to Exeter and beyond. Once constructed, the approved two-story home will feature well-appointed living spaces along with parking provisions—an attractive proposition for any potential homeowner or investor.

Investment Analysis

(EX23 area)
Area Average
£347/sq ft
Avg Rent (weekly)
£272
Avg Yield
3.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £200,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (EX23)

Area prices are falling by -6.3% over the last 12 months
3 year growth: -5.5%
5 year growth: +5.8%
Investment Disclaimer: Analysis based on EX23 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

Development plot, Old Drovers Way EX23
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£589
Based on a loan of £123,750 over 30 years at 3.97% 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.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.

Allcott Associates