We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom property · TQ7 3DS
Sold STCListed 243 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
31 Salcombe Retreat is a beautifully presented lodge, part of a prestigious development of superior holiday lodges situated in the peaceful and idyllic hamlet of Soar.
Enjoying one of the finest positions on the site, the lodge offers breathtaking sea and countryside views from its delightful decked terrace.
The interior is bright and welcoming, featuring an open-plan kitchen, dining, and living space that flows seamlessly onto the terrace through large patio doors, making it perfect for relaxing or entertaining.
There are two well-proportioned bedrooms, including a master with an en-suite shower room, as well as a contemporary family bathroom.
An adjoining external store provides practical additional space, perfect for storing beach gear or walking equipment.
The property also includes an allocated car parking space next to the lodge, with additional visitor parking available, and benefits from well-maintained communal grounds.
Please note - NO COUNCIL TAX and NO STAMP DUTY Soar is located between the famously popular estuary town of Salcombe and the charming fishing village of Hope Cove.
The Salcombe Retreat site is located amidst spectacular cliff scenery owned by the National Trust and a short walk from Soar Mill Cove itself.
There is a fine sandy beach which is surrounded by steep cliffs with numerous rock pools to explore, rocks to climb and beautiful clear blue waters to swim in.
There are breath-taking walks along the South West Coastal Path which takes you along some of the most unspoilt coastline in the country.
Soar Mill Cove is also fantastic for bird watching including regular sightings of Gannets and Peregrine Falcons. Services Mains electricity, gas, and water. Private drainage.
Gas central 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
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
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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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