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Gulworthy, Tavistock, Devon PL19

South West

£550,000
Listed on 11/10/2025

Property Details

Bedrooms
5
Type
Detached house
Area
1201 sqft

Description

This property presents a unique opportunity in the picturesque Tamar Valley, featuring two separate residential structures on a generous plot of approximately 0.7 acres. This setting not only offers tranquility but also significant potential for renovation and investment, making it an attractive prospect for those looking to create their ideal living space or explore rental options. The first structure is a single-storey cottage that embodies charming period architecture, complete with character-rich gothic-style elements such as arched windows and vaulted beamed ceilings. While the cottage requires some refurbishment to reach its full potential, it provides a solid foundation for customization. The current layout includes a spacious kitchen/dining area, a sitting room, three bedrooms, and a family bathroom. Notably, two bedrooms feature mezzanine levels that optimize the airy ceiling height, providing additional usable space for storage or relaxation. Adjacent to the cottage is a detached stone barn with its own entrance and ample parking. This versatile space has previously served as a successful holiday let but fully qualifies for residential use, making it suitable for long-term rentals or multi-generational living arrangements. The barn's interior offers a bright living/dining area enhanced by large windows and a cozy log burner, while the modern kitchen features charming stonework and benefits from natural light provided by Velux windows in the vaulted ceiling. Upstairs, two double bedrooms and an additional shower room offer comfortable accommodation. Surrounding both residences are formal lawn gardens interspersed with mature shrubs and woodland areas. The outdoor space includes a decked sun terrace perfect for entertaining and possibly even expanding for future outdoor projects. Additionally, there is an overgrown yet once-productive area across the road that previously housed small livestock and gardens; with some effort, this could be revitalized into productive land again. Located near Gulworthy on the Devon/Cornwall border, this property enjoys proximity to essential amenities in Gunnislake, including schools and local shops, as well as easy access to Tawstock's vibrant market town atmosphere. With good transport links to Plymouth and neighboring towns, this property not only offers immediate comfort but also significant potential for future value enhancements through thoughtful renovations or alternative uses. Whether you're considering it as your next home or an investment venture, this property encapsulates promise in the heart of one of Cornwall's most scenic regions.

Investment Analysis

(PL19 area)

Above Market Value

This property is priced +46.5% above area average per sq ft

+46.5%
This Property
£458/sq ft
Area Average
£313/sq ft
Avg Rent (weekly)
£261
Avg Yield
3.3%

Renovation Potential

Est. Renovation Cost
£55,000 - £137,500
10-25% of property value
Target Value
£412,844
10% above area average per sq ft
Potential ROI
-39.9%
After renovation
Monthly Sales
12
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (PL19)

Area prices are rising by +8.5% over the last 12 months
3 year growth: 3.3%
5 year growth: 20.1%
Investment Disclaimer: Analysis based on PL19 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Gulworthy, Tavistock, Devon PL19
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