3-bedroom house · PL7 5AX
Listing removedListed 73 days
Opportunity summary
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About
Nestled in the hamlet of Smithaleigh, on the outskirts of Plympton and Lee Mill, The Granary offers a fantastic opportunity to enjoy modern living in a semi-rural setting, whilst still being within easy reach of local amenities and transport links.
Originally a traditional barn, The Granary was built in 2019 to create a unique detached home. You enter into the shaker-style kitchen/dining room, which is undoubtedly the heart of the home.
With plenty of storage, worktop space and room to gather with family and friends, it's a space that's designed for everyday living. There is also useful storage beneath the stairs.
The accommodation is incredibly flexible.
The current owners use the first-floor room as a lounge, making the most of the elevated outlook, but it could equally be used as a principal bedroom if preferred.
On the ground floor are three further well-proportioned bedrooms, offering plenty of space for family, guests or those working from home.
The property is served by a modern family bathroom and a separate WC. One of the real highlights of The Granary is the generous garden.
It offers a blank canvas for the next owner to create their ideal outdoor space, whether that's landscaped entertaining areas, a children's play space or simply somewhere to relax and enjoy the surrounding countryside.
Bifold doors open directly onto the garden, creating a lovely connection between inside and out and allowing plenty of natural light to flood the property. Further benefits include driveway parking.
If you're looking for something a little different from the norm, this converted barn offers character, versatility and modern living in equal measure.
Also available with The Granary is the building plot for Spring Cottage, which has planning permission for a 1-bedroom barn conversion with driveway access past The Granary and a good-sized garden.
Full information on the South Hams Planning Portal. Planning Decision 1039-18-ful
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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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
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FAQ
About The Granary & Spring Cottage, Plymouth
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