3-bedroom house · PL21 9FW
Listing removedListed 61 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious three-bedroom terraced townhouse arranged over three floors, enjoying outstanding views towards Dartmoor and offered for sale with no onward chain.
Available on a 40% shared ownership basis, this is a fantastic opportunity to purchase a generously proportioned home in a popular part of Ivybridge.
The accommodation begins with an entrance hallway leading into a comfortable lounge.
An inner hallway provides access to the downstairs WC and stairs to the first floor before continuing through to the kitchen/dining room at the rear.
The kitchen/diner offers plenty of room for a dining table and makes a great everyday family space.
Double doors open directly onto the level rear garden, where the outlook is a real highlight, with fantastic far-reaching views towards Dartmoor.
On the first floor are two double bedrooms together with a fitted family bathroom.
The entire top floor is dedicated to the principal bedroom, creating an impressive and spacious room with excellent additional storage.
Outside, the level rear garden provides a lovely place to sit, entertain and enjoy the views.
The property also benefits from two allocated parking spaces conveniently positioned very close to the house.
Located on the popular western side of Ivybridge, the property is particularly well placed for everyday life, with local shops, a primary school and park all within walking distance.
Ivybridge town centre and its wider range of shops, cafés and amenities are also easily accessible, while Dartmoor and the surrounding South Hams countryside are close by.
The property is double glazed throughout, benefits from gas central heating and is offered with no onward chain.
With three double bedrooms, accommodation arranged over three floors, a level garden, two parking spaces and those wonderful Dartmoor views, this is a home offering excellent space in a really convenient location.
A 40% share of the property is offered for sale under a shared ownership scheme.
To be eligible for Shared Ownership, applicants must have a household income below £80,000 per year, be unable to purchase a suitable home on the open market, and have sufficient savings or access to funds for a deposit and associated buying costs.
Applicants must not currently own another property, unless sold subject to contract. Section 106 Local Occupancy Restriction The property is subject to a local occupancy restriction.
Eligible purchasers must be unable to secure suitable open-market accommodation in South Hams and meet the relevant local connection criteria, such as residence, family connection or qualifying employment within South Hams.
Purchasers should confirm their eligibility under the Section 106 Agreement and South Hams Local Allocation Policy.
material information Verified Material Information · Council Tax Band: C · Tenure: Leasehold · Lease Length: 199 years from and including 15/10/2021 · Shared Ownership: 40% Share · Rent: £376.98 pcm · Service Charge: £16.97 pcm · Buildings Insurance: £15.64 pcm · Property Type: Townhouse · Energy Performance Rating: B · Electricity Supply: Mains Supply · Solar Panels: No · Water Supply: Mains Water Supply · Sewerage: Mains Supply · Heating: Gas Central Heating · Mobile Coverage: O2 - Excellent, Vodafone – Excellent, Three - Good, EE – Good · Broadband: Cable · Parking: Two Allocated Parking Spaces To ensure legal compliance, we require our sellers to complete a Property Information Questionnaire or provide a Material Information Guide along with the title document.
directions what3words location ///bleak.robots.tilts
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 advisors 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
.png)
FAQ
About 78, Drake Avenue, Ivybridge
Explore nearby