3-bedroom house · TQ9 6BN
For saleListed 86 days
Opportunity summary
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About
A wonderful opportunity to acquire an early Victorian Grade ll listed Methodist chapel and adjacent school hall.
Believed to have been converted to residential in the 1970's this wonderful building offers superb volume and light with exposed trusses.
The main entrance hall to the chapel now accommodates a bathroom with large double doors leading into the main chapel complete with a wood burner.
The lectern still stands on the mezzanine area which is now the Kitchen overlooking the main floor.
A staircase to the side splits to provide a mezzanine bedroom above the kitchen and another bedroom over the entrance hall.
The old school room which currently has a separate entrance (and was granted planning to be a separate dwelling) could be reinstated back into the chapel from the original entrance in the chapel.
The School hall has been updated in recent years to provide a large open plan Kitchen / dining / living room with flag stone floors offering wonderful volume and light.
A double bedroom and shower room are off the main living area and a rear entrance porch leads to the garden (which has elapsed planning to extend).
Outside there is ample off street parking for several cars a large workshop and another shed. There is a patio area and a lawned area to the side of the chapel.
Broadhempston is a pretty and sought-after village centred around a local village shop, two popular public houses, the 15th Century Church of St Peter and St Paul and the respected Primary School.
Broadhempston is convenient for both Totnes and Newton Abbot and is readily accessible to Torbay.
There is excellent access to the A38 Devon Expressway, linking Plymouth and Exeter where it joins the M5.
Schooling in the area is excellent with a number of well-regarded primary and secondary schools. Totnes boasts a market as well as a good selection of shops, supermarkets, restaurants and inns.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About The Chapel, Broadhempston, Totnes, Devon
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