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See how verdicts work2-bedroom house · TQ12 5SX
For saleReduced £20k (−7.1%) on 7 SepListed 178 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A delightful period cottage located in the highly sought after village of Ipplepen.
With an attractive stone front façade, the cottage superbly teams period features with modern benefits such as gas central heating and some replacement double-glazed windows.
Around 4 miles from the market town of Newton Abbot and 5 miles from the historical town of Totnes both of which are accessible via a time tabled bus service from the village offers an active and vibrant lifestyle opportunity with many clubs and societies.
Within easy reach are a wide range of village amenities including a popular inn/restaurant, primary school, small supermarket, modern health centre, ancient church, sports field, play park and coffee shop.
Accommodation Stepping inside, the accommodation is light and airy and immaculately presented.
A period style double-glazed front door with canopy over opens directly into the cosy sitting room with open fireplace, stripped timber flooring and twin alcove storage cupboards with display shelving over.
A separate dining room with tiled floor overlooks the rear and features an ornamental wood burner recessed into a chimney breast.
A galley style kitchen with door to the rear garden features a range of cabinets, completely refurbished in 2019 along with new counter tops, sink, an integrated oven, hob and hood.
From the dining room a door opens to the stairs leading up to the first-floor landing which has a hatch providing access to the loft space.
The loft space has two Velux-style, double-glazed roof lights and subject to the relevant planning could be converted to further accommodation.
The first-floor landing provides access to two bedrooms the principal overlooking the front and having a fitted wardrobe, and both with decorative fireplaces.
Completing the picture is a first-class bathroom which has been updated with a modern period style suite including a shower over the bath and coordinating tiling.
Garden A particular feature of the property is its charming and sunny rear garden which is privately enclosed partially by a natural stone wall with well-kept lawn and paved terrace.
Agent’s Notes Council Tax: Band C Tenure: Freehold Mains water. Mains drainage. Mains gas. Mains electricity.
There exists a residents’ right of way along the rear of the property which is shared by the neighbouring property.
There is a small area of flying freehold over the kitchen which belongs to the neighbouring property. Disclaimer Information provided is for guidance only and is non-contractual.
Although every effort is made to ensure accuracy, on occasion we rely on information from third parties.
Where works have been carried out more than 15 years ago, it is unlikely that planning permission and building regulations documents will be available, as local authorities often only retain records for a limited time.
You should also be aware that it is unlikely that works completed historically will comply with today’s building regulations.
On agreeing to buy a property you should have it fully surveyed and ensure that your legal adviser follows up on any points raised by your surveyor.
Your solicitor should confirm what’s included in the sale, and you should arrange tests on all appliances and equipment you are buying.
Your legal adviser should check that all relevant permissions and certificates are in place.
When documents are not available, for instance because documents are no longer retained by a local authority, or the company which carried out works is no longer trading, you should take advice from your solicitor on this.
This is a common situation but it’s important to understand the implications. Room sizes ± 0.1m. We reserve the right to offer clients additional services.
These might include financial and legal services, removals, surveying amongst others. In some instances, we are paid for introductions to third parties.
The maximum amounts that we currently receive are £150.00 per transaction from solicitors and 30% of income generated by financial advisers.
To ensure compliance with hmrc Anti Money Laundering and Source funds regulation we use Smart Compliance.
Purchasers and those providing funds towards a purchase are required to complete these compliance process for which there is a £75.00 charge.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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.
Area
Agent & docs
FAQ
About 2 Wesley Terrace East Street, Newton Abbot
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