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3.12 Acres - Rutt Lane, Ivybridge, Devon PL21 - Image 1
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3.12 Acres - Rutt Lane, Ivybridge, Devon PL21 - Image 3

3.12 Acres - Rutt Lane, Ivybridge, Devon PL21

South West

£650,000
Listed on 13/04/2026

Property Details

Bedrooms
2
Type
Detached
Area
1547 sqft

Description

Nestled in a tranquil location within Dartmoor National Park, this charming countryside residence presents an exceptional investment opportunity with approximately 3 acres of land. Rutt Farm Cottage offers a unique blend of rural charm and accessibility, being within walking distance to Ivybridge's diverse amenities and transport options. This characterful home has been lovingly maintained by its current owner for over four decades, showcasing an inviting slate-fronted exterior that enhances its appeal. Inside, the cottage features a spacious entrance porch leading to a generous living room with traditional beams and a feature fireplace, providing a cozy ambiance typical of rural homes. Adjacent to the living area is a well-equipped kitchen with modern fittings and ample space for further personalization. The formal dining room benefits from dual aspect windows and opens up to the beautifully landscaped rear garden, enhancing the indoor-outdoor flow. The first floor hosts two well-sized double bedrooms adorned with attractive beams and vaulted ceilings, along with a contemporary shower room. This layout offers potential for slight modern upgrades to maximize comfort. The expansive exterior includes well-maintained gardens and extensive parking space leading to an attached garage that could easily be converted into additional living space or an annexe (subject to planning permission). The property also boasts outbuildings currently functioning as stables, which present further development opportunities for those interested in equestrian facilities or alternative uses. This property’s surrounding land includes fields and paddocks that enhance its versatility for recreation or horticultural pursuits. With access to essential services like mains electric and water through an agreement with local farms, Rutt Farm Cottage is poised for incremental improvements, making it an attractive proposition for those looking to invest in a peaceful yet convenient location.

Investment Analysis

(PL21 area)

Above Market Value

This property is priced +29.2% above area average per sq ft

+29.2%
This Property
£420/sq ft
Area Average
£325/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £60,000
Target Value
£553,223
10% above area average per sq ft
Potential ROI
-22.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (PL21)

Area prices are stable by -1.7% over the last 12 months
3 year growth: -4.2%
5 year growth: +9.5%
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

3.12 Acres - Rutt Lane, Ivybridge, Devon PL21
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£2,302
Based on a loan of £487,500 over 30 years at 3.91% 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

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