3-bedroom house · TQ9 6EA
Listing removedListed 110 days
Opportunity summary
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About
Interested parties should contact Knight Frank Auctions for further information. Description The property forms a mid-terrace of traditional, white-rendered cottages running adjacent to Higher Drive.
The cottage is of two-storey construction beneath a slate pitched roof. The ground floor provides sitting room, dining room, kitchen, WC & pantry.
The first floor provides 3 bedrooms & a bathroom. The property has front & rear gardens with hedgerow boundaries and established planting.
The cottages have a rural outlook forming part of the Dartington Estate.
Ground and First Floor 3 bedroom mid terraced house Tenure Freehold Tenancy Vacant EPC - Rating: E Utilities / covenants The property has electricity and water supplied through the private system of the Dartington Estate.
Electricity & Water will be metered and charged in line with Utility companies. (See legal pack).
Viewings Thursday 9th July: 11:00am - 11:30am Saturday 11th July: 11:00am - 11:30am Wednesday 15th July: 12:00pm - 12:30pm Saturday 18th July: 12:00pm - 12:30pm Please arrive at the start time.
Please confirm your attendance: Location The property is located 0.5 miles north of Dartington accessed from Higher Drive, 350 metres east of the A384. Totnes is 1.5 miles to the east.
Paignton and the Coast is 8 miles to the east with Dartmoor National Park 10 miles to the West and Salcombe 20 miles to the south.
The area benefits from access via the A384, to the A38 Devon Expressway (5 miles to the northwest).
The Devon Expressway links Plymouth and Exeter (23 miles to the north) which in turn connects to the M5. Totnes provides direct train services to London in 2 hours 47 minutes.
Dartington is a charming village with a public house, church, village stores/ Post Office, The Barn Theatre and petrol station. Further facilities/amenities are available in Totnes.
The buyers fee is including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property.
Auction Details The sale of this property will take place on the stated date by way of and is being sold as Unconditional. Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to the Common Auction Conditions and Extra General Conditions.
Auctioneer Fees and Deposit The following deposits and non-refundable auctioneer fees apply: • 10% deposit, subject to a minimum of £5,000. The deposit contributes to the purchase price.
• Buyer’s Fee- the value of this fee will be listed against the property details, inclusive of VAT.
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to read the Legal Pack carefully before bidding.
Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the Knight Frank Auctions website.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack. Each property sold is subject to a Reserve Price.
The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest.
A full definition can be found within the Buyers Terms.
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.
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About Old Parsonage Cottage, Totnes
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