Yelverton is well known for Roborough Rock - a prominent mass of stone close to the Plymouth road on the fringe of nearby Roborough Down, near the southern end of the airfield. It gave its name to the Rock Hotel, built as a farm during the Elizabethan period, but converted in the 1850s to cater for growing tourism in the area. The area to the south and west of the roundabout at the centre of the village was settled in late Victorian and Edwardian times, with many grand and opulent villas. An area developed at about the same time on an odd shaped piece of land to the south of the Tavistock road is known as Leg o' Mutton Corner.