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Vine Cottage and Land adjoining, Smithaleigh, Devon
Marketed by:
Auction House South West
2 Cattedown Rd, Plymouth PL4 0EG, UK
01752 474200
Five-bedroom development land, Smithaleigh
Vine Cottage and Land adjoining, Smithaleigh, Devon
Withdrawn
£100,000+
• 5 Bedrooms
• Land
• Freehold
Description
Land with Planning Permission. A large parcel of land on two titles located between Plymouth and Ivybridge. Planning permission has been granted for the erection of a substantial five-bedroom detached property. Details can be found on the South Hams Planning Portal: 1281/20/ARC
Location
Located between Plymouth and Ivybridge, in Smithaleigh, Devon.
Tenure / Property Information
Tenure |
Freehold |
Investment Analysis
Planning permission is stated for a substantial five-bedroom detached property. Local completed detached sales provide limited GDV evidence: £425,000 in 2021 and £525,000 in 2025. A provisional evidence-based GDV range is £425,000–£525,000, but the subject property's approved size, specification and build costs are not supplied.
Investment Snapshot
Guide Price |
£100,000 (plus fees) |
HB Estimated GDV |
£475,000 |
Strategy Recommendation
Only consider as a development opportunity after reviewing the planning permission, legal pack and obtaining a full build-cost and viability appraisal.
Works Required
Construct the permitted substantial five-bedroom detached property and complete associated site and external works. The planning drawings, conditions, access, utilities and specification have not been supplied.
Rental & Market Context
|
No sufficiently specific external rental comparable identified. |
|
Sold Comparables
The following completed sales were identified within approximately 5 miles:
|
Windrush, Smithaleigh, Plymouth, South Hams, Pl7 5ax |
£525,000 |
|
Smithaleigh Barn, Smithaleigh, Plymouth, South Hams, Pl7 5ax |
£425,000 |
|
Meadow View, Smithaleigh, Plymouth, South Hams, Pl7 5ax |
£277,000 |
|
Smithaleigh Service Station, Smithaleigh, Plymouth, South Hams, Pl7 5ax |
£250,000 |
|
Smithaleigh House, Smithaleigh, Plymouth, South Hams, Pl7 5ax |
£190,000 |
Potential BRRR Position
Base GDV |
£475,000 |
75% Refinance |
£356,250 |
A 75% refinance against the provisional £475,000 GDV would be approximately £356,250. Project viability and cash required cannot be calculated without build costs, professional fees, finance costs and other purchaser liabilities.
Buy-to-Let Analysis
No sufficiently specific rental evidence or auctioneer rent estimate is available, so rent and yield cannot be established. Significant construction costs are also unknown.
Flip Analysis
A resale assessment is possible only at indicative GDV level. The potential gross value range is £425,000–£525,000, but no supported construction or project cost is available, so flip surplus cannot be calculated.
Investor Risks & Due Diligence
• Construction and professional costs are unavailable.
• The comparable detached properties may not match the approved property's size or specification.
• Planning permission details and conditions have not been reviewed.
• Additional disbursements and seller costs may be payable under the legal pack.
• No rental evidence supports a BTL strategy.
Recommendation
Only consider as a development opportunity after reviewing the planning permission, legal pack and obtaining a full build-cost and viability appraisal.
Strategy Rating
HB Rating |
★★☆☆☆ |
Analysis Confidence
Confidence |
Low-Medium |
There is planning and local sales evidence, but no planning details, property size/specification, construction costs, rental evidence or full purchaser disbursements.
Auction Details :
Auction House South West
Auction Date :
21/10/26
Lot Number :
012
Property Location:
Vine Cottage and Land adjoining, Smithaleigh, Devon
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