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See how verdicts work5-bedroom detached house · PL19 8PX
For saleReduced £25k (−6.7%) on 3 JulListed 251 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spectacular chapel conversion in rural Devon, currently generating strong holiday income via Airbnb.
Offered chain-free (contents negotiable), this unique home blends architectural drama with modern luxury and offers scope to significantly increase returns.
The property The Old Chapel is a striking former church, now transformed into a luxurious and character-rich residence.
The current Airbnb setup lets out one wing of the property, but the sale includes the entire home, unlocking further income potential or offering a truly expansive private retreat.
Accommodation spans multiple levels and includes dramatic double-height living spaces, vaulted ceilings with exposed beams, and original stained glass windows.
The Sunday School wing features an open plan living area with a full kitchen, dining and living space which is ideal for entertaining.
The adjoining rooms include a king-size master bedroom, twin/king guest room and a generous shower room.
Beyond the holiday-let wing, the rest of the property offers additional bedrooms, a games room with pool table, a lounge with a wood-burning stove, all finished with the same attention to detail and eclectic charm.
Interiors combine vintage elegance with modern comfort, including bespoke furnishings, vibrant murals, and luxurious bathrooms with clawfoot tubs and skylit showers.
The property is offered to the market chain free with all contents available by negotiation.
The outside The grounds of The Old Chapel are a true highlight, a private sanctuary surrounded by rolling Devon countryside with uninterrupted panoramic views.
From the raised sundeck and bubbling hot tub, you can watch the sun set over distant hills, listen to music through outdoor Sonos speakers, or simply enjoy the stillness of nature.
The garden is thoughtfully landscaped with seating areas, ornamental planting, and a pergola retreat, all designed to frame the scenery and maximise outdoor living.
The outside space also offers a shepherd’s hut, which could offer further accommodation. With no neighbours for over half a kilometre, the sense of space and tranquillity is exceptional.
Whether stargazing under zero light pollution or relaxing with a morning coffee overlooking the fields, the setting is as peaceful as it is picturesque.
The location The Old Chapel is nestled in Sydenham Damerel, a quiet village in West Devon surrounded by open countryside and grazing sheep.
Just four miles away lies Tavistock, a thriving market town with independent shops, cafés, and amenities.
Nearby villages include Lamerton, Milton Abbot, and Horsebridge with the latter home to the popular Royal Inn, a traditional pub just over a mile from the property.
Despite its rural charm, the location offers excellent connectivity.
The A388 is easily accessible, linking to Callington and Launceston, while the A30 and A38 provide fast routes across Devon and Cornwall.
Whether heading to the coast, Dartmoor, or Exeter, the property offers both seclusion and convenience agent’s notes The property is currently fully furnished and all contents are negotiable.
The property only has permission to be used commercially for holiday let; however full residential planning has not been applied for.
A buyer should complete their investigations on this if it is of interest. Services - Mains electricity, water (unmetered). Private oil heating and drainage.
Current yearly income - tba Business Rates - £0 with business rate relief Vendors plans - No onward chain Broadband - Superfast Tenure - Freehold Garden aspect - South East Agents Note - We would recommend reviewing the Key Facts for Buyers link before viewing or purchasing this property which can be found at the end of this property listing or on our website.
The seller is happy to transfer current bookings over to the successful purchaser, the diary is currently open until 1st October 2026.
Directions Satnav Reference – PL19 8PX What3words ///clattered.oblige.terms Parking - Allocated Parking Disclaimer Important Notice Please be advised that we have not tested any equipment, fixtures, fittings, or services.
Prospective purchasers or interested parties are encouraged to carry out their own checks to verify the functionality of these items.
All measurements are approximate, and the photographs are for illustrative purposes only.
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.
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FAQ
About The Old Chapel, Tavistock
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