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Princetown, Yelverton

South West

£300,000

Listed on 09/10/2026

The listing

Property details

Bedrooms
3
Type
Detached
Area
1077 sqft

Description

Castle Farmhouse presents a unique opportunity for renovation enthusiasts looking to create a personalized home in a stunning rural setting. This traditional Dartmoor farmhouse is set within approximately 6.04 acres of open countryside, offering breathtaking views across the landscape. While the property requires comprehensive renovation, it provides a solid foundation with original features such as exposed beams and traditional fireplaces that can be preserved during restoration. The accommodation is spread over two floors, currently featuring a kitchen/dining room, two reception rooms, and three bedrooms. The generous grounds allow for potential enhancements to both the property and its surroundings, subject to necessary planning consent. This is an increasingly rare chance to transform a historic farmhouse into a distinctive home in one of the South West's most picturesque locations. Offered for sale by Formal Tender, interested buyers should prepare to submit their tenders by the specified deadline.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

39out of 100
Grade ELow opportunity

Confidence: MEDIUM

Castle Farmhouse presents a unique opportunity to acquire a traditional Dartmoor farmhouse set within approximately 6.04 acres of beautiful countryside. Priced at £300,000, it stands at £279/sqf, which is notably below the local average of £303/sqf, making this a compelling entry point for buyers looking to invest in a property with significant potential.

However, the extensive neglect and damage visible throughout the property indicate a heavy renovation project ahead. The living areas, bedrooms, and kitchen all show severe signs of deterioration, which will require comprehensive structural work. While the location and land offer the chance to create an exceptional individual home, the asking price combined with the estimated renovation costs leads to stretched all-in expenses compared to local benchmarks, making profitability a concern.

Key opportunities

  • Transform a traditional Dartmoor farmhouse into a unique home, preserving its original features like exposed beams and fireplaces.
  • Utilize the generous grounds to enhance both the property and its surroundings, taking advantage of the serene rural setting.
  • Create a bespoke living space that reflects personal style while capitalizing on the property's expansive landscape and far-reaching views.

Key risks

  • Stripped interiors and a £150,000–£300,000 works budget make this a full-gut programme, not a refresh, with significant structural work needed throughout.
  • Worth allowing for £525,000 when purchase and the £225,000 refurb range are added together, about 38% ahead of typical local benchmarks for this size; post-works value sits outside our data.

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Map

Location

Princetown, Yelverton
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,133
Based on a loan of £225,000 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.

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