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Nr Milton Damerel

South West

£895,000
Listed on 10/01/2026

Property Details

Bedrooms
4
Type
Detached house
Area
1353 sqft

Description

Set within a serene hamlet in the heart of Devon, this small farm presents a unique opportunity for renovation and development. Spanning 9.22 acres, the property features a traditional four-bedroom farmhouse ripe for modernization, alongside two barns that come with planning consent for conversion into separate residential units. The farmhouse showcases character details such as flagstone floors and exposed beams, but requires comprehensive improvements throughout to unlock its full potential. With opportunities to extend living spaces through conversions of adjoining structures, this site is ideal for buyers looking to invest in rural living. Outside, you will find ample land consisting of three grass fields bordered by mature hedges, creating a picturesque setting perfect for livestock or further agricultural pursuits. Additionally, the property is conveniently located near the village of Shebbear and the market town of Holsworthy, providing essential amenities within easy reach while retaining a peaceful rural atmosphere.

Investment Analysis

(EX22 area)

Above Market Value

This property is priced +115.9% above area average per sq ft

+115.9%
This Property
£661/sq ft
Area Average
£306/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£456,090
10% above area average per sq ft
Potential ROI
-55.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
9
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (EX22)

Area prices are rising by +5.6% over the last 12 months
3 year growth: -16.0%
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

Nr Milton Damerel
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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
£3,279
Based on a loan of £671,250 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.

Next Steps

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