2-bedroom bungalow · PL20 6LZ
Listing removedListed 225 days
Opportunity summary
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About
Offered with no onward chain and located in this sought after peaceful location, in Lake Lane, on the fringes of Yelverton, is this detached 2 double bedroom, 3 reception room, bungalow residence, being ripe for modernisation, appealing to those seeking a property that they can put ‘their own stamp’ on.
Set in extensive gardens, with pockets of lawns and wooded areas, offering a good degree of privacy and seclusion. Ample parking for several vehicles within the driveway and a detached garage.
The flexible layout comprises a large entrance hall with built-in storage cupboards, generous living area, with doors into a rear conservatory.
Inner hall leading to a further sitting room overlooking the rear gardens and a double bedroom with built-in wardrobes.
From the living area is a further inner hall leading to a double bedroom, shower room and a kitchen, also overlooking the rear gardens.
The kitchen has a range of wall and base units, space for white goods, cooker and the oil fired boiler.
A door leads to the side of the property, then giving access to the garage and cloakroom to the rear of the garage.
Set within extensive, level gardens, stocked with an abundance of mature trees and shrubs. There are lawned areas to the front and rear, patio area, store shed and greenhouse.
A further greenhouse is to the other side of the bungalow. Meandering paths leading into a more wooded area with some superb trees and composting area.
With a significant advantage of no onward chain, this bungalow is ideal for those looking for potential in a highly desirable Dartmoor-edge location.
Entrance Hall - Living Room - 5.89m x 3.34m (19'3" x 10'11") - Conservatory - 5.52m x 2.35m (18'1" x 7'8") - Sitting Room - 5.48m x 3.66m (17'11" x 12'0") - Kitchen/Breakfast Room - 3.30m x 2.00m (10'9" x 6'6") - Bedroom 1 - 3.66m x 3.60m (12'0" x 11'9") - Bedroom 2 - 3.68m x 3.60m (12'0" x 11'9") - Shower Room - 2.65m x 2.09m (8'8" x 6'10") - Detached Garage - 4.78m plus recess x 2.45m (15'8" plus recess x 8'0 - With Cloakroom to rear Services - Mains electricity and water.
Mains Drainage. Oil fired central heating. Local Authority - West Devon Borough Council - Tax Band E.
Epc - E45 Tenure - Freehold Situation - Situated in Lake Lane, only around 4/5 minutes drive from Yelverton, which provides a vast selection of amenities including shops, eateries, garage and hotel, the ancient stannary town of Tavistock just 6 miles from here and the historic naval port of Plymouth about 10 miles.
The community is served by local buses and county bus services whilst the A386 Tavistock to Plymouth road facilitates easy access to the A38.The Dartmoor National Park extends to over 300 sq.
miles and provides ample opportunities for walking and riding. There is also a good sized golf course in Yelverton and many spots in close distance for fishing.
The small village of Dousland with its popular pub, The Burrator Inn, is also within a very short drive. Directions - SAT NAV, please use PL20 6LZ which takes you into Lake Lane.
What3words:///helping.quilting.confirms From Tavistock proceed towards Yelverton on the A386 for approximately 6 miles and upon reaching the roundabout at Yelverton turn left signed Dousland.
Follow the B3212 for 0.6 of a mile and then turn right onto Lake Lane. Proceed along this road for almost a mile and the property will be found on the right hand side.
Value & comps
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Returns
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Archie refurb estimate: a Pro feature
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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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