We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom terraced house · PL21 9SL
For saleListed 5 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An immaculately presented and nicely proportioned end-terraced cottage, located in the heart of the desirable Dartmoor village of Lutton.
The property provides two double bedrooms, a gorgeous open plan living, dining and kitchen space with feature fireplace, and a large rear garden with phenominal countryside views.
Description Upon entry into the property a welcoming porch greets you and provides a space for the storage of coats and shoes, before entering the home.
Attractive slate flooring spans the ground floor of the property and an opening leads into the open plan living and dining space.
Occupying the entire footprint of the original cottage, the lounge and dining area is a nicely sized room with plenty of space for a large sofa and a table and chairs, yet still remains wonderfully cosy thanks to exposed timber beams and a feature stone fireplace with wood-burning stove.
Stairs rise from the living space to the first floor of the home and beneath is a useful storage cupboard.
The kitchen is located just off of this open plan space, comprising a range of traditional wooden units with butler sink and spaces for appliances including range oven, dishwasher and a fridge/freezer.
The kitchen is wonderfully in-keeping with the character of this home and is superbly bright thanks to a feature vaulted ceiling with a large triangular window.
Completing the ground floor accommodation is the family bathroom which also enjoys a feature vaulted ceiling and includes a panelled bath with overhead shower, toilet and basin.
There is also underfloor heating throughout the ground floor. On the first floor a spacious landing provides a useful storage cupboards and then gives access to the bedrooms.
There are two bedrooms on this level, with one being a large double and the other a small double or generous single room.
The master bedroom enjoys stunning countryside views and has the added benefit of an en-suite toilet.
Situation Located within the sought-after village of Lutton, 3 Gills Cottages enjoys a delightful situation surrounded by countryside and the rugged landscapes of Dartmoor National Park.
Lutton lies between the towns of Ivybridge and Plympton, both of which being just a short drive away and providing a vast array of local amenities, whether that be in Ivybridge’s Glanvilles Mill shopping centre or Plympton’s Ridgeway shopping centre.
The village boasts a popular local pub known as ‘The Mountain Inn’, which is well regarded for its quality food and local ales.
A bus service operates through Lutton, connecting the village with Plympton and Plymouth City Centre.
There are also two popular primary schools in the neighbouring villages, including Cornwood CofE Primary School and Sparkwell Allsaints Primary School.
Ivybridge Community College is the closest secondary school and provides a bus service to and from Lutton for its pupils.
Outside Approaching the property from the front, a gated entranceway leads to the property and access to the side leads to the rear.
A door leads from the open plan living accommodation to the rear of the property where the current owners have converted a former storage building into a useful utility room and home office, complete with plumbing and space for a washing machine and tumble dryer.
Steps lead up to the rear garden which is an excellent size and offers a number of spaces to enjoy.
There is an initial planted garden space which our clients have laid to 'wild meadow', a large lawned garden, a nicely sheltered area which is currently designated for keeping chickens, a further raised seating area, a pond and an excellent vantage point overlooking the neighbouring farmland.
The entire garden enjoys gorgeous views across the South Hams countryside and Dartmoor National Park.
Services & outgoings We understand mains electric, water and drainage are connected to the property. Heating via electric heaters and underfloor heating to the ground floor.
Council Tax: South Hams District Council - Band A Mobile Data: Available via EE, O2, three and vodafone.
For an indication of specific speeds and supply or coverage in the area we recommend contacting your own provider.
Broadband: Superfast broadband is available - highest available download speed 38 Mbps; highest available upload speed 7 Mbps (Ofcom).
Flooding: The property is in an area at a very low risk from River/Sea and Surface Water flooding (defined as the chance of flooding each year as less than 0.1%)
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
.png)
FAQ
About Lutton, Devon
Explore nearby