5-bedroom house · PL21 9HP
To rentReduced £155 (−5.3%) on 12 OctListed 133 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Hanger Farm is a charming Grade II* listed property with a history stretching back over 800 years, to the time of the Magna Carta.
Built on ancient moorland on the western edge of Hanger Down, it is first mentioned in a document from 1215 that records the creation of a freehold known as Cholwichtown.
The property still features many original details, including carved granite walls, shaped fireplaces, and original window and door frames.
Inside, there is oak panelling, along with rare remains of two original latrine turrets, stable buildings, and an old granary and feed store.
Nestled near the charming village of Cornwood, Hanger Farm is a fine Country House offering a totally unique rental opportunity in a highly sought-after location, with easy access to the A38 corridor.
Material information Council Tax band: G Tenure: Freehold Property type: House Property construction: Standard brick and block construction Energy Performance rating: E Electricity supply: Mains electricity Solar Panels: No Other electricity sources: No Water supply: Private spring fed water supply Sewerage: Septic tank Heating: Oil-powered central heating is installed.
The system was installed at an unknown date.
Heating features: Underfloor heating, Double glazing, Aga/Rayburn, and Open fire Broadband: Adsl copper wire Mobile coverage: O2 - Good, Vodafone - ok, Three - Great, EE - Great Parking: Garage and Driveway Building safety issues: No Restrictions - Listed Building: Class IIa Restrictions - Conservation Area: Dartmoor national park Restrictions - Tree Preservation Orders: None Public right of way: Yes: Public footpath through fields associated with and near the property Long-term area flood risk: No Historical flooding: No Flood defences: No Coastal erosion risk: No Planning permission issues: No Accessibility and adaptations: Level access shower Coal mining area: No Non-coal mining area: No Loft access: Yes - insulated and unboarded, accessed by: Via a lift hatch and ladder (not built in) Specialist issues: Dry rot treatment: Dry rot treatment All information is provided without warranty.
Contains hm Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The information contained is intended to help you decide whether the property is suitable for you.
You should verify any answers which are important to you with your property lawyer or surveyor or ask for quotes from the appropriate trade experts: Builder, plumber, electrician, damp, and timber expert.
Restrictions Pets: Considered by agreement with the landlord Smoking or Vaping: Not permitted inside the property.
Viewings Viewing the property 'in person' is essential to proceed with an application, this can be done by appointment only with Luscombe Maye.
Tenancy type Assured Periodic Tenancy referencing criteria To meet the referencing criteria for a tenancy, the applicant/s would have to evidence a total annual income of at least 2.5x the annual rent.
By way of an example if the monthly rent is £3,200, the applicant/s must be able to prove an annual household income of at least £96,000.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
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FAQ
About Hanger Farm, Ivybridge
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