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Keaton Lane, Westlake, Ivybridge, Devon PL21 - Image 1
Keaton Lane, Westlake, Ivybridge, Devon PL21 - Image 2
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Keaton Lane, Westlake, Ivybridge, Devon PL21 - Image 8
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Keaton Lane, Westlake, Ivybridge, Devon PL21

South West

£250,000

Listed on 11/06/2026

Property details

Bedrooms
N/A
Type
Land

Description

This is a notable rural development opportunity located on the outskirts of Ivybridge, with full planning permission approved for a high-quality detached family home, complete with garage and necessary works, all set within an expansive 2.83 acres. The site, previously home to a timber-framed bungalow that has been demolished, presents a canvas for self-build enthusiasts or small developers looking to craft a tailored residential property in a tranquil setting. The granted planning consent allows for the construction of a two-storey, three-bedroom house with en-suite bathrooms, spacious living areas, and a dedicated gym or hobby room. This project is well-positioned to benefit from both the privacy of rural living and convenient access to Ivybridge’s amenities and transport routes, particularly the A38 extending towards Plymouth and Exeter. Given its prime location near Dartmoor National Park, this parcel offers excellent potential for capital appreciation and lifestyle enhancement through bespoke residential development.

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Investment analysis

(PL21 area)
Area Average
£331/sq ft
Avg Rent (weekly)
£269
Avg Yield
4.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
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
16%
Properties sold annually

Local Market Trend (PL21)

Area prices are falling by -3.8% over the last 12 months
3 year growth: -6.0%
5 year growth: +7.0%
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

Keaton Lane, Westlake, Ivybridge, Devon PL21
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Mortgage calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£944
Based on a loan of £187,500 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.

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