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See how verdicts work5-bedroom house · TQ13 9NY
For saleReduced £100k (−8%) on 28 JulListed 130 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Lower Elsford Barn is situated off a shared private no-through lane in peaceful, rural surroundings.
The house consists of a stylishly converted traditional stone barn, including attached former round house, and now provides well presented and spacious family accommodation.
At the heart of the house is the beautifully light, partly full height, 24 foot sitting room with exposed beams and timbers and granite fireplace and wood burner.
Off this room, at one end, is the dining room and study, each with glazed doors to the gardens, and, at the other end, steps lead to a lobby with French doors to the gardens and a doorway into the lovely, large kitchen/breakfast room, incorporated into the former round house, with fitted kitchen with aga, island and full height window and glazed door to the terrace.
On the first floor is the galleried landing overlooking the sitting room and the principal suite with bedroom having fitted wardrobe cupboards and large bathroom with freestanding bath and shower.
There are three further bedrooms, one with a 'Juliet balcony', and another bathroom.
A private entrance drive forks off the lane and leads down to a yard area with parking and turning space for several vehicles beside the house.
The annexe Adjacent to the main house is an Annexe comprising, on the ground floor, a fully fitted kitchen, dining/sitting room, and, on the first floor a bedroom with adjoining shower and toilet.
There is an enclosed garage and parking for two vehicles in the car port.
There is a Long Barn in the grounds with water and electricity which is currently used for storage of garden machinery but, subject to planning consent, could be converted into additional accommodation.
On the other side of the yard and drive is a large stone barn and, around the house and buildings, are beautifully maintained and well-stocked landscaped gardens incorporating paved terraces, lawns, a profusion of ornamental plants, shrubs and trees, a wildlife pond, a vegetable garden with raised beds and a fruit garden, with the terrace adjacent to the kitchen offering excellent scope for al fresco dining and a dedicated BBQ station.
To either side of the lane are two extensive, gently sloping, pasture paddocks.
There is a public footpath along the lane past the property which leads down through the woods into the Wray Valley and on towards Lustleigh.
Lower Elsford Barn is situated above the wooded escarpment overlooking the gorgeous Wray Valley, on the eastern side of Dartmoor National Park.
The picturesque village of Lustleigh, one of Devon's most attractive, is the nearest, being a quintessential English village, with its thatched cottages and period houses clustered around the village green and church, winding lanes and friendly atmosphere.
There is a popular inn, The Cleave, a village shop and post office, Primrose Tearooms and cricket ground, as well as an active community with village hall, annual May Day celebrations and Lustleigh Summer Show.
Also within easy reach is the moorland town of Bovey Tracey, providing a more extensive range of amenities including shops, supermarket, primary school, cafés and restaurants, as well as an 18 hole golf course.
There is also golf at Bovey Castle. Moretonhampstead is approximately 3 miles away which has a butchers, greengrocers, Post Office, gp surgery and Co-op.
The university and cathedral city of Exeter provides a comprehensive selection of cultural, shopping, leisure and sporting facilities.
Secondary schools in the area include South Dartmoor College and there are private schools at Stover, near Newton Abbot as well as Exeter School and Maynard School for girls in Exeter.
Nearby are the beautiful Kennick, Tottiford and Trenchford Reservoirs, providing a haven for a variety of wildlife, delightful walks and fishing.
Dartmoor is renowned for its spectacular scenery, with its heather clad moorland, granite tors and wooded valleys bisected by rushing streams and rivers, and there are many opportunities on the doorstep for walking, riding, fishing etc.
There is quick access, via Bovey Tracey, to the A38 dual carriageway, leading west to Plymouth and east to Exeter, where there is access onto the M5 motorway and an airport.
At Newton Abbot is a station with mainline connections to London (Paddington). From Plymouth there are ferries to France and Spain.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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.
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FAQ
About Bovey Tracey, Newton Abbot
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