11-bedroom detached house · EX21 5RJ
For saleListed 67 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Galmington Farm represents a rare opportunity to acquire a versatile rural holding on the outskirts of Shebbear, combining a substantial period farmhouse and self-contained annex with two residential cottages, traditional and modern farm buildings, valuable residential planning consents and attractive gardens, grounds and land of c.
6.11 acres (2.47ha). The entire holding is offered at Offers in Excess of £1,850,000, with alternative lotting options available. With/without barns for development.
Approached along a quiet country lane and surrounded by rolling North Devon countryside, the property enjoys an attractive degree of privacy while remaining conveniently placed for Shebbear village.
The farmhouse, cottages and outbuildings sit within established grounds with mature trees, orchard planting, lawns and attractive rural views.
The principal farmhouse is a charming detached period home offering spacious and adaptable family accommodation.
The ground floor includes two generous reception rooms, both with wood-burning stoves, together with a contemporary farmhouse-style kitchen featuring painted cabinetry, timber work surfaces and a central island.
Upstairs are three double bedrooms. The generous principal bedroom has a dressing room (that could be a bedroom if required), together with an en suite shower room.
Bedroom two also benefits from an en suite, with a separate family bathroom serving the remaining accommodation.
Adjoining the farmhouse is a substantial two-bedroom annex, providing excellent independent accommodation.
Kitchen, sitting room, external access, two bedrooms and two bathrooms, making it particularly suitable for multi-generational living, letting or visiting family.
The farmhouse is surrounded by mature gardens with broad level lawns, orchard trees and established planting.
A private drive provides ample parking and turning space, while a separate gym accessed from the courtyard provides a useful additional leisure space.
Two fully converted cottages also form part of the holding and are currently occupied under AST's, providing an established rental income.
A courtyard of traditional stone barns offers significant further potential, with RARE residential planning consent previously granted for conversion into one holiday unit and six residential units, with separate access, gardens and parking.
Planning references supplied are 1/2095/2004/COU and 1/0008/2013/FUL.
In addition, a substantial modern agricultural building benefits from full planning permission for conversion into two large four-bedroom homes, each with a segregated private garden and the option of hardstanding, creating two attractive development or self-build opportunities.
Galmington Farm lies just outside the popular village of Shebbear, with its active community, village green, public house and well-regarded Shebbear College.
The surrounding countryside provides excellent opportunities for walking, cycling and riding, with Dartmoor and the North Devon coastline also within reach.
The property is offered with considerable flexibility.
An accompanying OS Map identifies the location and extent of each lot and should be referred to alongside these particulars, for identification purposes only.
Further information regarding the lots, AST tenancies, planning permissions and approved plans is available from Phillips Smith & Dunn.
The property benefits from mains electricity and water, private drainage and oil-fired central heating to the principal accommodation.
Galmington Farm is Freehold and the farmhouse is understood to be Council Tax Band F.
Lot 1 – The Entire Holding – Offers in Excess of £1,850,000 The complete holding including the farmhouse, two-bedroom annex, gardens and grounds, two tenanted cottages, traditional stone barns with residential planning consent and the modern agricultural building with permission for two four-bedroom homes.
Lot 2 – Farmhouse, Barns and Cottages – Offers in Excess of £1,600,000 The farmhouse and annex, gardens and grounds, two converted and tenanted cottages and traditional stone barns with residential planning consent, combining a substantial home with rental income and development potential.
Lot 3 – Farmhouse, Barns and Land – Offers in Excess of £1,100,000 The farmhouse and annex, gardens, associated land and traditional stone barns with residential planning consent, providing an attractive country home with outbuildings and development potential.
Lot 4 – Modern Farm Building With Planning – £150,000 each or £275,000 for both The modern agricultural building with full planning permission for two substantial four-bedroom residential conversions, each with its own garden and option of hardstanding.
Available individually as self-build plots at £150,000 each, or £275,000 for both.
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 Shebbear, Beaworthy
Explore nearby