2-bedroom house · PL21 9JT
Listing removedListed 111 days
Opportunity summary
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About
Christopher’s South Hams are pleased to market this rustic worker’s cottage conveniently located along the country lanes between Ivybridge and Ermington.
Description: Both farmhouse stable and 1930s style doors welcome you in from each side of the cottage bringing a super thru-air and rural outlook..
The cottage offers a straightforward layout with its spacious reception room and stairs leading from the country-kitchen to the 2 bedrooms and functional, family bathroom upstairs.
Having been in the same ownership for almost 30 years, this cottage is a little weathered and deserves a boost of energy to realise its true, delightful potential.
Twin-named ‘Ivy Bank’ evokes charming images of decorative greenery which is further reflected in the cottage’s private and enclosed garden, again emphasising the simple beauty of the pastoral and agricultural surroundings.
Character features such as thick-set walls, log burner, a disused Rayburn, dado rails and even a quirky external WC, each nod to the various generations that have called this place home and offer a new blank canvas on which to stamp your own mark.
For a quiet little hideaway to a potential investment, this cottage opens up many opportunities and with no onward chain, viewings are recommended to appreciate.
Key Features: End Terrace Worker’s Cottage Rural, yet Convenient Location 2 Bedrooms Renovation Project Garden with 2 Coal Bunkers and Block-Built Woodshed Parking No Onward Chain Situation & Amenities: With typical South Hams’ charm, Westlake is a small hamlet tucked away near the southern edge of Dartmoor betwixt Ermington and the broader Ivybridge area.
You are truly spoiled with Westlake’s mix of rural life by the wealth of Dartmoor’s natural beauty and Devon’s countryside activities on your doorstep as well as its great connectivity to nearby Ivybridge and the wider amenities of Plymouth and Exeter due to its proximity to the A38.
Approximately 2 miles away is the small, family-orientated town of Ivybridge, with the pretty River Erme flowing from the moors and a rich heritage of traditional industries such as milling and cloth making that are still celebrated today.
As well as its fascinating history, Ivybridge offers adventure.
The idyllic countryside and moorland offer miles of magnificent walking trails out of the town, whilst in the town itself you’ll find pubs, eateries and a variety of shops and supermarkets.
There is a good choice of primary schools all within the catchment of the renowned Ivybridge Community College with its World Class Quality Mark Award.
There are several places of worship with noteworthy histories, gp and Dental Surgeries, a Minor Injuries Unit, two leisure centres with swimming pools, fitness suites, and various health classes.
The charming Watermark with its welcoming library, it suite, cinema, theatre, coffee shop and conference facilities as well as the ever-popular Ivybridge Rugby, Football, Cricket, and Tennis clubs all add to the community focus of the town.
Ivybridge certainly has a wealth of opportunities to welcome you and with its very own train station there are excellent transport links to Plymouth, Exeter, and London with all the amenities that larger cities can offer.
Services: Mains Electricity. Mains Water. Mains Drainage.
Broadband & Mobile: Due to the rural location here in the South Hams, Broadband & Mobile phone coverage can vary so please take a look at the Ofcom & OpenReach websites for more details about availability & coverage.
Tenure: Freehold. Local Authority: South Hams District Council, Follaton House, Totnes, TQ9 5NE.
Council Tax Band: B Viewings: Strictly by Appointment through Christopher's South Hams - please do call us to arrange.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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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About 1, Lower Preston Cottages, Ivybridge
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