3-bedroom house · PL21 9EB
Listing removedListed 152 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An exciting new development in the heart of Lee Mill, a well-connected South Hams village offering the perfect balance between countryside charm and modern convenience.
Built by a trusted local developer known for quality craftsmanship and attention to detail, this exclusive collection will feature 24 spacious homes once complete.
Phase One introduces the first six beautifully designed properties, including three four-bedroom detached homes, two three-bedroom detached homes, and one two-bedroom detached home — each thoughtfully planned to suit a range of buyers, from families to downsizers.
Set within a peaceful village setting, the development enjoys easy access to the A38, connecting you effortlessly to Ivybridge, Plymouth, and Exeter.
Lee Mill itself offers local amenities, scenic walks, and a strong community spirit, while nearby Ivybridge provides excellent schools, shops, and rail links.
With high-quality finishes, energy-efficient design supported by a strong sap rating B, and the benefits of a local builder’s hands-on approach, these new homes deliver comfort, practicality, and longevity — the perfect blend for modern Devon living.
A management company will be appointed to oversee the communal areas and overall upkeep of the development once the final property is completed across the entire site.
Predicted management fees are still to be confirmed. For more information or to register your interest in Phase One, please contact Helen Moore Property.
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
Agent & docs
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FAQ
About Plot 3 Higher Mill Development, New Park Road, Ivybridge
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