Summary - Larkworthy Farm, Petrockstow, OKEHAMPTON EX20 3HQ
5 bed 4 bath Detached
Turnkey rural income with development upside and unique guest accommodation.
Income-generating smallholding with multiple rental units and immediate lettings potential
Larkworthy Farm is an income-generating smallholding set in about 10 acres of Devon countryside, combining a recently refreshed 4/5-bedroom farmhouse, a 2-bedroom cottage and a distinctive barrel-top wagon. The cottage and wagon already hold planning for year-round holiday use, creating immediate lettings potential while the farmhouse offers flexible accommodation and attractive character features such as exposed beams, a large beamed sitting room and a sizable kitchen/breakfast room.
The wider site includes three connected fields, an orchard of traditional cider and dessert apples, two large polytunnels and an ‘L’-shaped stable block with water and electricity laid on. There is clear scope (subject to consents) to add income streams by converting the attic space in the farmhouse or adapting the stables, and the setting—with hot tubs, terraces and secluded views—suits holiday lets or experience-led stays.
Practical points to note: the farmhouse has been recently redecorated and much character has been retained, but the whole complex would benefit from planned updating in places to maximise rental yields. Broadband and mobile signal are average and the site sits in a remoter, agricultural area; access is rural and the holding is best suited to buyers comfortable with country living. Council tax is above average.
This opportunity will appeal to investors and buyers seeking a lifestyle smallholding with immediate holiday-let income and longer-term development potential. All development or change of use will require the appropriate consents; interested parties should check the scope and costs of any planned works before committing.
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