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Meavy, Yelverton

South West

£570,000

Listed on 21/06/2026

Property Details

Bedrooms
5
Type
Detached
Area
1392 sqft

Description

This distinctive Georgian home, originally a mill dating back to the 1830s, now presents a unique opportunity for renovation and investment in the tranquil village of Meavy, nestled on the edge of Dartmoor. The property features a primary residence with three spacious double bedrooms, which was extended in 2017, along with a self-contained two-bedroom annexe that requires refurbishment. The property boasts an impressive history and character elements such as original mill timbers and garden features like granite wheels that add charm to its expansive grounds. Surrounding the home are private gardens that include a courtyard and a principal lawned area serviced by off-road parking and useful outbuildings, including a workshop. The gardens are bordered by the remnants of the historic mill leat, enhancing the property's appeal with picturesque countryside views. Given its proximity to local amenities—including schools with outstanding ratings and access to Dartmoor's natural beauty—the potential for this property is significant. It offers not just a spacious family home but also the chance to refurbish the Mill Stable into additional living space or rental income. This unrivalled combination of character, location, and modernization potential merits serious consideration for those looking to invest in a unique property.

Investment Analysis

(PL20 area)

Above Market Value

This property is priced +36.4% above area average per sq ft

+36.4%
This Property
£409/sq ft
Area Average
£300/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£459,819
10% above area average per sq ft
Potential ROI
-29.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (PL20)

Area prices are rising by +14.9% over the last 12 months
3 year growth: +4.5%
5 year growth: +8.7%
Investment Disclaimer: Analysis based on PL20 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

Meavy, Yelverton
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,153
Based on a loan of £427,500 over 30 years at 4.45% 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

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