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23.37 Acres - Modbury, Ivybridge, Devon PL21

South West

£1,500,000

Listed on 11/06/2026

Property Details

Bedrooms
6
Type
Equestrian
Area
1838 sqft

Description

Little Sheepham represents a notable opportunity for those seeking an equestrian property combined with potential for further development. Nestled in an enchanting landscape, this expansive estate includes a traditional farmhouse, a versatile annexe or holiday cottage, and substantial outbuildings such as a traditional stone barn that has received planning permission for conversion. Spanning approximately 24 acres, the property features nine stables, modern agricultural structures, and ample land suited for horse training or livestock management. The farmhouse himself is steeped in history, originally constructed in the 18th century. While it has been renovated significantly in recent years, there remains potential to enhance its character further or adapt spaces to suit personal preferences. Inside, you will find well-appointed living areas that blend historical charm with modern comforts. The design allows for spacious family living while offering delightful views of the surrounding countryside. The annexe is perfectly positioned to capitalize on its scenic views and could serve multiple purposes, whether as additional accommodation or a rental unit. Planning permissions are already in place for the adjoining barn conversion, giving buyers the chance to customize this space without haste. Furthermore, the diverse range of existing buildings on the estate presents numerous possibilities for commercial activities or hobbyist projects. The B2 light industrial building is particularly adaptable and could easily accommodate various ventures. This prime location not only provides serene countryside living but also easy access to local amenities in Modbury and nearby beaches. With further investment in renovation and adaptation, Little Sheepham offers a unique lifestyle opportunity packed with potential.

Investment Analysis

(PL21 area)

Above Market Value

This property is priced +144.7% above area average per sq ft

+144.7%
This Property
£816/sq ft
Area Average
£333/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £200,000
Target Value
£674,169
10% above area average per sq ft
Potential ROI
-60.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (PL21)

Area prices are falling by -3.9% over the last 12 months
3 year growth: -6.2%
5 year growth: +8.8%
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

23.37 Acres - Modbury, Ivybridge, Devon PL21
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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
£5,667
Based on a loan of £1,125,000 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.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

Price History

-14.3% since listed
£1,500,000£250,000(-14.3%)
21/05/2026
Current price
£1,750,000Initial listing
18/05/2025

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