2-bedroom terraced house · TQ7 1EE
SoldListed 226 daysAuction 29 Jul · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
DESCRIPTION This Grade II listed cottage, located in the heart of Kingsbridge, presents a unique opportunity for those looking to infuse their own style and creativity into a home with character.
The property features open-plan living spaces, a utility room, bathroom, and two double bedrooms, offering a solid foundation for a thoughtful renovation.
Please note that 20% of the roof is currently covered by tarpaulin. Planning permission has been granted for its replacement.
Prospective buyers will need to obtain their own quotes for the required works. Additionally, a leak from one of the water pipes has caused some internal water damage. A viewing is recommended.
The property is sold as seen.
SITUATION Kingsbridge is a thriving South Hams town with a friendly and active local community and with excellent facilities including a leisure centre, cinema and highly rated schools.
The town offers an ideal focal point to enjoy the exceptional coastline and local beaches and the peaceful Devon countryside, as well as being close to other popular towns such as Dartmouth, Totnes and Salcombe.
FURTHER INFORMATION As part of our transparency policy, we request our sellers fill out a Property Information Questionnaire. This information can be provided to you.
However, we recommend that you verify any information given during the conveyancing process.
SERVICES Electric: mains Water: mains Drainage: mains Heating: electric CONSTRUCTION The property is understood to be a standard construction TENURE Freehold LOCAL AUTHORITY & COUNCIL TAX South Hams District Council, Follaton House, Plymouth Road, Totnes TQ9 5NE.
The property is in Band B Mobile Signal Please check Ofcom website Broadband ADSL VIEWINGS Strictly by appointment with Luscombe Maye, Kingsbridge.
METHOD OF SALE The property is offered for sale by Traditional Online Auction (unless sold prior).
The auction end date is 29/07/25 and exchange will occur when the online timer reaches zero (provided the seller's reserve price has been met or exceeded).
The winning buyer will be legally obliged to purchase the property at their highest bid price. The vendor reserves the right to withdraw or alter the property for sale prior to the auction end date.
AUCTION SALE PACK This is available to download free of charge from our website to those who have registered with our auction partner, Bamboo Auctions.
It is the purchaser's responsibility to make all necessary enquiries prior to the auction and we recommend purchasers to instruct a solicitor to assist.
VENDORS SOLICITOR Nick Dymond, Windeatts LLP, Windeatts Solicitors LLP, 19 High Street, Totnes, TQ9 5NW GUIDE PRICE £120,000 PROOF OF IDENTITY Under Money Laundering Regulations (2017) it is a requirement for Estate Agents to perform due diligence checks on any person that intends to bid at auction.
There will be a requirement for all bidders to register via the online sales site and complete the ID checks. BUYER FEE The successful purchaser(s) will be liable to pay the sum of £5,000 inc VAT.
From this a 'buyers fee' of £3,960 inc VAT is retained by Luscombe Maye and our auction partner, Bamboo Auctions as a contribution towards the online auction platform costs, and £1,040 forms the deposit which is payable towards the purchase price.
The remainder of the 10% deposit (less £1,040) must be paid to your solicitor within 48 hours of the end of the online auction.
On completion of the sale, the Buyer agrees to pay the Seller in addition to the Price & Buyers Fee, the sum of £344.50 for the cost of the searches provided as part of the Documents provided related to the Lot.
ADMINISTRATION FEE An additional administration fee of £1,200.00 inc. VAT will be payable by the successful purchaser immediately after the auction to Luscombe Maye Estate Agents.
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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
Agent & docs
FAQ
About Devon Square, Kingsbridge, TQ7 1EE
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