2-bedroom flat · PL21 0SY
Listing removedListed 81 days
Opportunity summary
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About
Offered for sale with no onward chain, this spacious two-bedroom first-floor apartment is tucked away within the ever-popular The Groves, a private development just a short walk from Ivybridge town centre.
Set at the end of a private driveway off Crescent Road, The Groves enjoys beautifully maintained communal gardens and an elevated position with lovely views across Ivybridge towards Dartmoor.
It's a peaceful setting while still being within easy reach of everything the town has to offer. Step inside and you'll immediately notice how bright and spacious the apartment feels.
Large windows on both sides allow plenty of natural light to flood in, while the open outlook gives the property a real sense of privacy.
The entrance hallway offers a large storage cupboard and leads through to all of the rooms.
The lounge/diner is a fantastic size, with plenty of space for both comfortable seating and a dining table, making it ideal whether you're relaxing or entertaining.
The kitchen offers plenty of cupboard and worktop space and comes with integrated appliances including an oven, gas hob, extractor, microwave, dishwasher and washing machine.
While perfectly functional as it is, there's also great potential for a new owner to update it and make it their own. There are two generous double bedrooms, both enjoying views towards the Beacon.
The main bedroom benefits from fitted wardrobes as well as its own en-suite shower room, while the second bedroom is another excellent-sized double.
Completing the accommodation is a spacious family bathroom with a bath, handheld shower, wash basin, WC and bidet.
Outside, the communal gardens are beautifully looked after, and the apartment benefits from an allocated parking space along with additional visitor parking.
The location is one of the biggest selling points. Ivybridge town centre is just a short walk away, giving you easy access to shops, cafés, restaurants and the leisure centre.
Ivybridge railway station is also nearby, with regular services to Plymouth, Exeter and beyond, making it a great choice for commuters too.
With two double bedrooms, fantastic views, allocated parking and no onward chain, this is a brilliant opportunity for anyone looking for a spacious, low-maintenance home in one of Ivybridge's most sought-after apartment developments.
Leasehold Information The property is leasehold with a 999-year lease from 1990, leaving approximately 963 years remaining. Ground rent is a peppercorn.
Each resident owns a share of Grove Residents Association Ltd, which owns the freehold and is responsible for the maintenance of the building, communal grounds, car park and buildings insurance.
The annual service charge for 2026 is £1,327.50, including buildings insurance, payable in two equal instalments on 1st January and 1st July.
Mains gas, electricity, water and drainage are connected, with gas-fired central heating. Please note: Pets are not permitted at The Groves.
Value & comps
No previous sales on record.
Returns
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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 8, The Groves, Crescent Road, Ivybridge
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