Worst House on the Street Logo
Lower Preston Cottages, Westlake, Ivybridge - Image 1
Lower Preston Cottages, Westlake, Ivybridge - Image 2
Lower Preston Cottages, Westlake, Ivybridge - Image 3
Lower Preston Cottages, Westlake, Ivybridge - Image 4
Lower Preston Cottages, Westlake, Ivybridge - Image 5
Lower Preston Cottages, Westlake, Ivybridge - Image 6
Lower Preston Cottages, Westlake, Ivybridge - Image 7
Lower Preston Cottages, Westlake, Ivybridge - Image 8
Lower Preston Cottages, Westlake, Ivybridge - Image 9
Lower Preston Cottages, Westlake, Ivybridge - Image 10
Lower Preston Cottages, Westlake, Ivybridge - Image 11
Lower Preston Cottages, Westlake, Ivybridge - Image 12
Lower Preston Cottages, Westlake, Ivybridge - Image 13
Lower Preston Cottages, Westlake, Ivybridge - Image 14
Lower Preston Cottages, Westlake, Ivybridge - Image 15
Lower Preston Cottages, Westlake, Ivybridge - Image 16
Lower Preston Cottages, Westlake, Ivybridge - Image 17
Lower Preston Cottages, Westlake, Ivybridge - Image 18
Lower Preston Cottages, Westlake, Ivybridge - Image 19
Lower Preston Cottages, Westlake, Ivybridge - Image 20

Lower Preston Cottages, Westlake, Ivybridge

South West

£210,000

Listed on 01/07/2026

Property details

Bedrooms
2
Type
Cottage
Area
774 sqft

Description

Nestled between Ivybridge and Ermington, this quaint worker’s cottage presents a fantastic renovation opportunity for those looking to invest in a rural retreat. The property features charming characteristics including thick-set walls, a log burner, and unique details such as a disused Rayburn and an external WC, all offering potential for modern enhancements while preserving its rustic charm. The straightforward layout includes a spacious reception area leading to a country-style kitchen and two bedrooms situated above, making it an ideal canvas for your vision. While the cottage has been held in the same ownership for nearly three decades and shows signs of wear, its private enclosed garden and inviting surroundings signal the promise of transformation. With no onward chain, this property is poised for your personal touch or could serve as an income-generating investment in the desirable South Hams region. The serene yet accessible location ensures you can enjoy both peaceful living and proximity to local amenities in Ivybridge.

Interested in similar properties?

Get alerted when similar renovation and investment opportunities become available.

Investment analysis

(PL21 area)

Below Market Value

This property is priced -18.0% below area average per sq ft

-18.0%
Potential saving
This Property
£271/sq ft
Area Average
£331/sq ft
Avg Rent (weekly)
£269
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£281,813
10% above area average per sq ft
Potential ROI
+12.7%
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
16%
Properties sold annually

Local Market Trend (PL21)

Area prices are falling by -3.8% over the last 12 months
3 year growth: -6.0%
5 year growth: +7.0%
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

Lower Preston Cottages, Westlake, Ivybridge
Loading map...

Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£793
Based on a loan of £157,500 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

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.