3-bedroom flat · TQ8 8LW
Sold STCListed 228 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious and attractive duplex apartment forming part of a superb early 20th-century property, overlooking the mouth of the Salcombe Estuary and just a short walk from South Sands beach and the magnificent National Trust-owned headland of Bolt Head.
Set within Ringrone, a magnificent period property now converted into seven apartments, No. 5 offers versatile accommodation arranged over two floors.
The ground floor features a spacious entrance hall leading to a generous and cosy sitting/dining room, a practical kitchen, and a shower room.
Upstairs comprises two bedrooms, a shared family bathroom, and a large, adaptable sitting room/bedroom - ideal as a retreat for younger family members. There is also ample eaves storage.
The apartment enjoys lovely views through the trees towards the harbour mouth and up the estuary, both from inside the property and the beautifully maintained communal gardens.
Just a short walk from South Sands and the Bolt Head headland. Additional benefits include a private garage with a large, useful store beneath, as well as two allocated parking spaces.
Ringrone is located on the outskirts of Salcombe, close to the famous and spectacular headland known as Bolt Head, which guards the entrance to the Salcombe Estuary and harbour.
The centre of Salcombe is about a mile and a half away and this can be reached in the summer season by a passenger ferry from the beach at South Sands which is close by.
Also nearby at South Sands there are excellent bar and restaurant facilities offered by the South Sands and Tides Reach.
Salcombe is renowned as a sailing and boating centre, located beside one of the loveliest estuaries in the South West with miles of sheltered water and fine sandy beaches on either side towards its mouth.
The popular town has an excellent range of shops, pubs and restaurants. Services Mains water, drainage and electricity. Electric heating.
Fixtures and Fittings All items in the written text of these particulars are included in the sale. All others are expressly excluded regardless of inclusion in any photographs.
Purchasers must satisfy themselves that any equipment included in the sale of the property is in satisfactory order.
Viewings Very strictly by appointment only through Marchand Petit (Salcombe Office) Tel:
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.
Area
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FAQ
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