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See how verdicts work3-bedroom terraced house · TQ9 5EH
Sold STCReduced £50k (−14.3%) on 27 OctListed 173 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A three bedroom freehold home with private garden, set in the heart of Totnes and offering excellent scope for refurbishment. EPC Band: D.
Situation - Bank Lane is situated in the very heart of Totnes, one of Devon’s most attractive and historic market towns, renowned for its characterful streets, independent shops, cafés, restaurants and vibrant community atmosphere.
The town has long been regarded as one of the South Hams’ most desirable locations, combining a rich architectural heritage with excellent day-to-day amenities and convenient access to the surrounding countryside.
Totnes lies on the River Dart and is well placed for the South Devon coast, Dartmoor National Park and the wider South Hams.
The town also benefits from a mainline railway station, providing connections towards Exeter, Plymouth, London Paddington and beyond.
Description - Offering an exciting opportunity in a central Totnes setting, 11 Bank Lane is a three bedroom home with a private rear garden and considerable potential for refurbishment.
The property forms part of a terrace and is approached via a shared courtyard to the front.
The accommodation extends to approximately 914 sq ft and is arranged over two floors, with a practical layout that includes a kitchen, sitting room, ground floor cloakroom, three bedrooms and a first floor bathroom.
The house would now benefit from refurbishment, giving purchasers the opportunity to enhance and modernise the accommodation to suit their own requirements.
The property is freehold and is offered with no onward chain.
Accommodation - The front door opens into an entrance hall with stairs rising to the first floor and access to the ground floor accommodation.
The kitchen is positioned to the front of the property and provides a good-sized working space, with a useful store cupboard.
To the rear, the lounge enjoys a pleasant outlook towards the garden and has a door opening directly outside. A ground floor cloakroom/WC completes the ground floor accommodation.
On the first floor, the landing gives access to three bedrooms and the bathroom. Bedroom one is positioned to the front of the property, while bedrooms two and three are arranged to the rear.
There is also a built-in storage cupboard on the landing. The bathroom is fitted with a bath, WC and wash hand basin.
Outside - The property is approached via a shared courtyard which provides access to the front door. There is no allocated parking.
To the rear, the property enjoys a private enclosed garden, an appealing feature for a home in such a central town setting.
The garden is principally laid to lawn with planted borders, a pathway and boundary fencing, together with a stone wall forming one side of the enclosure.
Services - Mains water, mains drainage and mains electricity. Gas fired central heating.
According to Ofcom ultrafast broadband is available with speeds of up to 1800 Mbps download and 900 Mbps upload. Networks listed are Airband and Openreach.
Mobile coverage results for EE, O2 and Vodafone show good outdoor coverage with variable in-home coverage, while Three shows good outdoor and in-home coverage. Directions -
Value & comps
No previous sales on record.
Returns
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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 Bank Lane, Totnes
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