Summary - Lot 5 - Land At Marjery Cross, Ermington, Ivybridge, Devon, PL21 PL21 0LB
1 bed 1 bath Land
Established rural holding with cottages, woodland and fishing — ideal for investors.
Freehold 24-acre holding with arable, pasture and woodland
Ten let cottages providing immediate rental income stream
Principal residence and range of traditional outbuildings included
Double-bank fishing on the River Erme and driven pheasant shoot
Good road links to Modbury, A38 and Ivybridge rail station
High flood risk — specialist survey and insurance essential
Very slow broadband despite excellent mobile signal
Bedroom count discrepancy in records — verify accommodation details
This Lot at Marjery Cross offers about 24 acres of productive arable, pasture and remnant woodland with multiple existing income streams and clear development potential. The holding includes an elegant principal residence (described in marketing as seven bedrooms), ten let cottages, extensive agricultural buildings, equestrian facilities and double-bank fishing on the River Erme — a package that suits an investor or operator seeking an established rural estate in the South Hams.
The estate benefits from good road links to Modbury, the A38 and Ivybridge station, and lies within easy reach of Dartmoor and the South Devon coast. Mature gardens and parkland, woodland driven shoot potential and established holiday or residential lets provide diversification; the property is offered freehold which simplifies long-term planning and stewardship.
Buyers should note several material considerations. Flood risk is listed as high for the property — any purchaser must commission up-to-date flood and insurance advice. Broadband speeds are very slow despite excellent mobile signal, and the local area is classified as ageing rural neighbourhoods, which may affect local labour supply and future demand. Also, there is a recorded discrepancy between promotional text and dataset bedroom count, so buyers should verify accommodation details and occupation status of cottages.
Overall this is a substantial rural opportunity combining immediate rental income and scope for enhancement or reconfiguration. It will suit purchasers who can manage estate operations, address environmental constraints, and invest in infrastructure or digital connectivity to maximise value.
Land for sale in Lot 7 - Land At Keaton Farm, Ermington, Ivybridge, Devon, PL21 — £850,000 • 1 bed • 1 bath
Land for sale in Lot 8 - Land At Higher Keaton, Ermington, Ivybridge, Devon, PL21 — £525,000 • 1 bed • 1 bath
Land for sale in Lot 6 - Land At Tod Moor, Ermington, Ivybridge, Devon, PL21 — £225,000 • 1 bed • 1 bath
Land for sale in Lot 4 - West Worthele Farm, Ermington, Ivybridge, Devon, PL21 — £2,050,000 • 1 bed • 1 bath
2 bedroom bungalow for sale in Sheepham, Ivybridge, Devon, PL21 — £450,000 • 2 bed • 1 bath • 695 ft²
Land for sale in South Brent, Devon, TQ10 — £400,000 • 1 bed • 1 bath
