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Mapstone Hill, Lustleigh TQ13

South West

£650,000
Listed on 12/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1238 sqft

Description

This detached dormer bungalow, set in the serene surroundings of Lustleigh, Devon, presents a unique chance for those looking to invest in a property with considerable renovation and improvement potential. With three bedrooms and approximately 7.5 acres of private land, this home offers flexible living areas perfect for family gatherings or as a peaceful countryside retreat. The extensive grounds are currently a blank canvas that can accommodate various uses such as equestrian activities, hobby farming, or further landscaping projects. The rich pastureland is enhanced by mature boundaries and an area of Dartmoor trees, providing ample opportunities for stabling or outbuildings, subject to obtaining necessary planning permissions. Located conveniently near Bovey Tracey and the Dartmoor National Park, this property combines rural tranquility with access to essential amenities. Given its significant land and renovation potential, this opportunity is not to be overlooked.

Investment Analysis

(TQ13 area)

Above Market Value

This property is priced +55.7% above area average per sq ft

+55.7%
This Property
£525/sq ft
Area Average
£337/sq ft
Avg Rent (weekly)
£264
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £90,000
Target Value
£459,267
10% above area average per sq ft
Potential ROI
-37.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (TQ13)

Area prices are falling by +5.4% over the last 12 months
3 year growth: 1.1%
5 year growth: 10.7%
Investment Disclaimer: Analysis based on TQ13 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

Mapstone Hill, Lustleigh TQ13
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,381
Based on a loan of £487,500 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE