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 work4-bedroom detached house · PL21 0LG
Sold STCListed 71 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
AT A GLANCE A substantial four-bedroom detached character property, privately positioned within a peaceful South Hams hamlet, with beautiful established gardens and an exceptional outlook across meadowland towards the River Erme THE PROPERTY A unique split level property, designed and built by the current owners approximately 35 years ago.
The property has never previously been offered on the open market.
Occupying a generous plot, the property has been thoughtfully designed around its setting and combines spacious, versatile accommodation with a wealth of character and carefully considered craftsmanship.
ACCOMMODATION A spacious entrance hall leads into the principal living accommodation.
The light-filled kitchen/breakfast room has French doors opening directly onto the garden, creating a natural connection between the property and outside space.
There is a separate dining room, study and utility room, together with two bedrooms, a double bedroom, a family shower room and separate WC.
The large sitting room is a particularly impressive room, with a vaulted ceiling, exposed beams and a log burner set upon a Delabole slate hearth.
Bespoke carpentry and the use of natural materials feature throughout the property, including Delabole slate window sills, adding to its individual character.
On the first floor is the substantial principal bedroom suite, which enjoys a vaulted ceiling and lovely views across the meadow towards the River Erme.
A dressing room and en-suite complete this spacious and private retreat.
GARDEN & GROUNDS The property is approached via a private drive and driveway, providing parking for several vehicles and access to the detached double garage and two useful stores.
The gardens are beautifully enclosed and exceptionally private.
A level lawn extends across the front of the property, while the rear garden features attractive established borders, seating, and mature shrubbery.
The surrounding meadowland and rural outlook provide a particularly peaceful backdrop.
SITUATION Ermington is an attractive South Hams village, conveniently positioned between Ivybridge and Modbury, with surrounding villages including Ugborough also within easy reach.
Centred around the distinctive St Peter and St Paul Church, the village offers a popular pub, The First and Last bistro and a well-regarded primary school.
Nearby Ivybridge provides a wide range of everyday amenities and a railway station with services towards Plymouth and Exeter, while the A38 offers convenient road links.
Dartmoor, the South Devon coast and the wider South Hams countryside are all within easy reach.
SERVICES Mains water, private drainage, and oil-fired central heating VIEWINGS Strictly by appointment with the sole agents, Marchand Petit, Modbury Office.
LOCAL AUTHORITY South Hams District Council TENURE Freehold
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
FAQ
About Ivybridge Road, Ermington
Explore nearby