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See how verdicts work2-bedroom terraced house · TQ8 8FF
For saleListed 29 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Quote DB1611.
A charming and elevated home in a well-positioned part of Salcombe, enjoying attractive rural and estuary views, a private courtyard garden and the rare convenience of allocated parking directly outside the property.
Offered with no forward chain and subject to a Devon local occupancy restriction.
This appealing property offers an opportunity to secure a home in one of the South Hams’ most sought-after coastal towns.
Its elevated position provides a pleasant outlook across the surrounding countryside and towards parts of the Ria, whilst Salcombe’s excellent range of amenities, beaches, coastal walks and waterfront attractions are all within easy reach.
The property would suit a variety of purchasers seeking a permanent home, local base or coastal retreat, subject to the applicable occupancy requirements.
To the outside, the property benefits from a intimate courtyard garden with its own independent access, providing a useful and attractive area for relaxing or entertaining.
The allocated parking space directly outside is a particularly valuable feature in Salcombe, offering excellent day-to-day convenience, with additional on-street parking available nearby.
The property is offered with no forward chain, providing an opportunity for a straightforward purchase, subject to the relevant eligibility and shared-ownership requirements.
The property is subject to a Devon local occupancy restriction and is therefore not available for unrestricted purchase.
Prospective purchasers will need to satisfy the relevant criteria, which may include: • Having lived within the local area for a specified period.
• Working or operating a business within the local area. • Moving to the area to take up employment. • Having close family connections locally and needing to provide or receive care.
• Demonstrating another qualifying local housing need. The property is currently held under a 50% shared-ownership arrangement with LiveWest.
The sale is offered on the basis of continuing the existing shared-ownership arrangement, with the purchaser acquiring the available 50% share.
Further information regarding the shared-ownership terms, eligibility and associated costs is available from the agent.
The sale provides an opportunity to acquire the existing 50% shared ownership subject to regiments and application with Live West Material Information Council Tax: Band B Tenure: Leasehold Construction: Believed to be of standard construction Mobile Signal: Please check the Ofcom website for current coverage information.
Parking: One allocated parking space, with additional on-street parking available. Local Authority: South Hams District Council, Follaton House, Plymouth Road, Totnes, TQ9 5NE.
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
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FAQ
About 5, McIlwraith Road, Salcombe
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