Westlake, Ermington, Ivybridge, Devon, PL21
South West
£200,000Guide Price
Listed on 11/08/2026
Listed on 11/08/2026
The listing
Property details
Bedrooms
N/AType
Semi DetachedFeatures
- Garden
- Parking
Description
This property presents a unique redevelopment opportunity nestled in a semi-rural area on the outskirts of Ivybridge. With Class Q planning permission already secured for transforming a former agricultural building into two substantial semi-detached homes, this site is ripe for investment. Spanning approximately 0.81 acres (0.33 hectares), it allows for the development of two well-sized properties with associated parking and external works. This project would be ideal for builders or investors looking to create modern residences in a serene countryside setting, all while enjoying the convenience of proximity to Ivybridge and its amenities, as well as easy access to major transport routes like the A38.
The new dwellings will each offer three bedrooms and ample living space, making them attractive options for both families and potential renters. The building currently has connections to mains electricity and water nearby, though some further enhancements may be necessary to optimize these utilities.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
37out of 100
Grade ELow opportunity
Confidence: LOW
The standout is the consented opportunity: Class Q prior approval is in place to convert the former agricultural building into two semi-detached homes, with associated parking and amenity areas on a 0.81-acre site near Ivybridge. The rural setting and access to the town and A38 give this a clear self-build or small-developer angle, but it is a heavy conversion project rather than a ready-to-occupy property. The building is disused, the roof looks weathered with an open-looking aperture, and the site is heavily overgrown.
The guide price is £200,000, but floor area is missing, so value against local £/sqf cannot yet be judged. At auction, bidding can take the hammer above the guide, so the eventual price may not stay at this level.
Key opportunities
- Class Q prior approval for two dwellings gives a defined route to create a pair of substantial homes, subject to checking the consent and its conditions.
- The 0.81-acre site and associated parking and amenity areas offer scope to shape the external setting for the two homes.
- A rural position on Ivybridge’s fringe combines a countryside feel with access to the town and the A38.
Key risks
- The disused agricultural building, exposed construction, debris and weathered roof with an open-looking aperture point to a heavy conversion programme; allow for a full interior rebuild and careful assessment of the roof, not a cosmetic refresh.
- Floor area is missing, so value versus local £/sqf and the conversion economics cannot yet be judged.
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Transport
Nearest stations
Ivybridge Rail Station
2.4 miles
Train · Ivybridge
Plymouth Rail Station
9.2 miles
Train · Plymouth
Devonport Rail Station
10.4 miles
Train · Devonport
Dockyard (Plymouth) Rail Station
10.6 miles
Train · Plymouth
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
Monthly Repayments
£817
Based on a loan of £150,000 over 30 years at 5.13% 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.
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