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Keaton Lane, Westlake, Ivybridge, Devon, PL21 - Image 1
Keaton Lane, Westlake, Ivybridge, Devon, PL21 - Image 2
Keaton Lane, Westlake, Ivybridge, Devon, PL21 - Image 3
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Keaton Lane, Westlake, Ivybridge, Devon, PL21 - Image 8
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Keaton Lane, Westlake, Ivybridge, Devon, PL21

South West

£250,000
Listed on 07/05/2026

Property Details

Bedrooms
4
Type
Parking

Description

Here lies a promising rural development opportunity on the outskirts of Ivybridge, featuring full planning consent for a bespoke two-storey family home. The site spans approximately 2.83 acres and previously housed a timber-framed bungalow, which has been demolished, paving the way for new construction. With an approved design that includes three en-suite bedrooms, generous living spaces, a dedicated gym/hobby room, and attached garage facilities, this plot is particularly suitable for self-builders or developers looking to craft a tailored residence in a tranquil location. Positioned near Ivybridge town centre, residents will benefit from local amenities and scenic routes along the River Erme, while enjoying excellent connectivity via the A38 dual carriageway to Plymouth and Exeter. This unique opportunity allows you to step into an established planning framework and develop a high-quality home in a desirable area that combines countryside charm with town convenience.

Investment Analysis

(PL21 area)
Area Average
£331/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£200,000 - £300,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (PL21)

Area prices are falling by -2.2% over the last 12 months
3 year growth: -5.3%
5 year growth: +8.7%
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

Keaton Lane, Westlake, Ivybridge, Devon, PL21
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£892
Based on a loan of £187,500 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.

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