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See how verdicts work5-bedroom terraced house · TQ7 3RL
For saleReduced £45k (−4.5%) on 11 JunListed 263 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Malborough lies just inland from the beautiful coast, spectacular cliffs, coves and beaches of southern-most Devon.
Located about 3 miles from Salcombe and 4 miles from the market town of Kingsbridge, the village has an active community with excellent amenities which include a primary school, pub, garage/shop, post office, church and various pop up eateries throughout the year.
There is also a regular bus service from Salcombe to Kingsbridge. Salcombe is situated close by with its picturesque estuary renowned for its sailing and sandy beaches.
The market town of Kingsbridge provides an extensive range of independent shops, supermarkets, a sports centre and the highly regarded Kingsbridge Community College.
Located in the heart of the older part of the village, Chestnut Folly was thoughtfully re-configured about 5 years ago, creating a fun-filled home with wheelchair accessible accommodation to the entire ground floor and garden.
From the moment you step through the oversize bright yellow front door the feeling of space is apparent.
A sweeping staircase from the impressive triple height entrance leads up to the first floor where there are four bedrooms, two of which have en-suite shower rooms and two open onto the spacious decked roof terrace with far-reaching views towards Dartmoor.
A pair of bespoke bunk beds are fitted in one of the bedrooms and adjacent is the family bathroom with free-standing bath.
Sliding doors from the open plan living area with parquet flooring, wood burning stove, banquette seating and bar seamlessly connect the inside and out.
The ground floor bedroom with en-suite wet room is wheelchair friendly. In addition there is a TV room, shower room, laundry and coat cupboard and plant room on this level.
The landscaped rear garden has been designed for easy maintenance with built-in seating around a level circular lawn and is an extension of the living accommodation, A garden room is currently used as a games room but could be an office.
Chestnut Folly “The Smurf House” has an established and successful holiday letting history and income figures are available on request. SERVICES Mains water, drainage, gas and electricity.
DIRECTIONS Malborough is located on the A381 between Salcombe and Kingsbridge.
Turn off this road at the crossroads at the centre of the village, into the main village street, Chestnut Folly will be found a short distance along on the right hand side.
EPC Rating: C Parking - Off street
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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
About Higher Town, Malborough
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