Wolverwood Lodge, Wolverwood Lane, Plympton, Plymouth, Devon

PRIME DEVELOPMENT OPPORTUNITY

Existing 4,012 sq ft building | Residential conversion | Planning opportunity | Strong resale potential

Wolverwood Lodge presents a rare opportunity to acquire a substantial existing building of approximately 4,012 sq ft, offering the potential to create an impressive and generously proportioned residential property in a desirable South Hams location.

The property currently provides a substantial commercial/storage building, offering developers the opportunity to transform an existing structure into a high-quality contemporary family home.

A substantial residential development opportunity

The proposed scheme would create a spacious five-bedroom, five-bathroom residence, incorporating three reception areas and a substantial open-plan kitchen and living space.

The scale and configuration of the building provide an excellent foundation for creating a highly desirable end product, with the potential to appeal strongly to the family and executive residential market.

Outline planning has been agreed, and a full planning application has been submitted. Positive discussions have also taken place with the local planning authority regarding the proposed residential scheme.
The building already has phase 1 and phase 3 electrics installed.

Prospective purchasers should make their own enquiries with the local planning authority regarding the current planning position and any conditions attached to the proposals.

The proposed conversion would transform the existing commercial building into a substantial and beautifully designed family home, combining generous accommodation with the advantages of an existing structure.

With approximately 4,012 sq ft available, the finished property has the potential to command a significant position within the local residential market.

For a developer, the attraction is the opportunity to acquire an existing building and create a distinctive residential property rather than starting with a conventional undeveloped site.

Strong location and rental potential

Wolverwood Lodge is conveniently positioned for access to Plympton and Plymouth, with the A38 providing excellent connections throughout Devon and into Cornwall.

Plymouth provides an extensive range of schools, colleges, university facilities, shopping, restaurants, theatres and leisure amenities, while the surrounding South Hams offers an attractive lifestyle environment.

The neighbouring cottage has also reportedly achieved a strong rental history, including tourist and longer-term commercial bookings. This provides an additional indication of the area’s potential for residential and investment use.

An opportunity for developers, investors or an owner-occupier

Wolverwood Lodge offers the opportunity to create a substantial and highly individual residential property with strong potential appeal to the local market.

The asking price has been carefully considered with the potential Gross Development Value of the completed residential property in mind, making this an opportunity worthy of detailed consideration by developers and investors seeking a substantial residential conversion with an established planning pathway.

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Early inspection is strongly recommended.